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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    438 Main St Baton Rouge, LA 70801

    • Commercial real estate
    • 14,308 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US36-0699001
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • 438 Main Street Apartments / Apartment Building / Apartments
    • Insight Therapy Center / Corporate Office
    • Turpinart Live Weddings / Wedding Service

    Property Details for 438 Main St

    Year built
    2013
    Property size
    14,308 SF
    Property type
    Commercial real estate

    Description

    This exceptional 22-unit apartment building, located at 438 Main Street in the heart of Baton Rouge, Louisiana, presents a lucrative investment opportunity. Built in 2013, this four-story, 14,308 square foot LEED-certified building offers a mix of 16 one-bedroom and 6 two-bedroom apartments, ranging from 500 to 900 square feet. Each unit features modern amenities including a full appliance package, stained concrete floors, ceramic tile, and outdoor balconies. The property also includes a convenient rental office and a community room opening onto a shared courtyard. Its prime downtown location offers residents easy access to major thoroughfares, the Mississippi River, Louisiana State University, shops, restaurants, the Farmers Market, and Matherne's Grocery. The vibrant surrounding community attracts over three million visitors annually, ensuring consistent demand and high occupancy rates. Financial details, including rent roll, income, and expense information, are available upon request. This is a rare opportunity to acquire a high-performing multifamily asset in a thriving urban environment. The property's strong location, modern amenities, and proven rental history make it an ideal investment for discerning buyers.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Baton Rouge
    County
    East Baton Rouge Parish
    State
    Louisiana
    Longitude
    -91.1864939
    Latitude
    30.4512328

    Comparable in this City

    • $2,895,000

      Mixed-Use Building in Baton Rouge

      Three-story building with office space and apartment unit.
      200 Laurel St, Baton Rouge, LA 70801
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    • $2,500,000

      Historic Mixed-Use Building in Downtown

      Restored mixed-use building with residential penthouse and downtown views.
      304 Laurel St, Baton Rouge, LA 70801
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      Class A Office Building

      21-story Class A office building in Downtown Baton Rouge.
      450 Laurel St, Baton Rouge, LA 70801
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    • $1,950,000
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      Historic Downtown Baton Rouge Building

      Two-story, 8,163 SF building in the heart of downtown.
      333 3Rd St, Baton Rouge, LA 70801
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    • $3,294,080
      16,492 SF

      Downtown Baton Rouge Office Building

      Historic Main Street office, ample parking.
      618 Main St, Baton Rouge, LA 70801
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    • $4,515,150
      30,000 SF

      Downtown Baton Rouge Office Building

      Prime location, high cap rate, multi-tenant office.
      525 Florida St, Baton Rouge, LA 70801
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    Similar Nearby for Sale

    • $2,895,000

      Mixed-Use Building in Baton Rouge

      Three-story building with office space and apartment unit.
      200 Laurel St, Baton Rouge, LA 70801
      View Details
    • $2,500,000

      Historic Mixed-Use Building in Downtown

      Restored mixed-use building with residential penthouse and downtown views.
      304 Laurel St, Baton Rouge, LA 70801
      View Details
    • Contact for pricing

      Class A Office Building

      21-story Class A office building in Downtown Baton Rouge.
      450 Laurel St, Baton Rouge, LA 70801
      View Details
    • $1,950,000
      8,163 SF

      Historic Downtown Baton Rouge Building

      Two-story, 8,163 SF building in the heart of downtown.
      333 3Rd St, Baton Rouge, LA 70801
      View Details
    • $4,515,150
      30,000 SF

      Downtown Baton Rouge Office Building

      Prime location, high cap rate, multi-tenant office.
      525 Florida St, Baton Rouge, LA 70801
      View Details
    • $3,294,080
      16,492 SF

      Downtown Baton Rouge Office Building

      Historic Main Street office, ample parking.
      618 Main St, Baton Rouge, LA 70801
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      28,195 SF

      Roumain Building: Prime Baton Rouge Office

      Executive Suites & Traditional Offices Available
      343 3Rd St, Baton Rouge, LA 70801
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    • $192 SF/Yr
      14,571 SF

      Downtown Baton Rouge Office Space

      Prime Executive Office Suite Available
      340 Florida St, Baton Rouge, LA 70801
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    • $20 SF/Yr
      330,500 SF

      Rivermark Centre Retail Space

      Baton Rouge, LA: Prime Retail Location
      451 Florida St, Baton Rouge, LA 70801
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    • $20 SF/Yr
      962 SF

      Retail Space in Onyx Residences

      Retail space for lease in a prominent downtown location.
      151 3Rd St, Baton Rouge, LA 70801
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    • $1,600 /Mo
      4,000 SF

      Baton Rouge Retail Strip Center

      Newly renovated retail spaces in high-traffic Baton Rouge location.
      4373 Florida St, Baton Rouge, LA 70801
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    • $1,590,000
      10,600 SF

      Turnkey Flex Space on Market

      Turnkey flex space with office and warehouse areas available for lease.
      15025-15045 Market St, Baton Rouge, LA 70801
      View Details
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    438 Main St
    Baton Rouge, LA 70801
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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