Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    4902 Airline Hwy Baton Rouge, LA 70805-1701

    Property Lookup

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

    4902 Airline Hwy Baton Rouge, LA 70805-1701

    View on Map
    • Investment properties
    • 23,917 SF
    • 3.50 lot acres
    Off-Market
    Property ID
    US36-0702607
    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.
    Value Estimations
    $635,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Vel Rose Motel / Hotel & Motel

    Property Details for 4902 Airline Hwy

    Lot size
    3.50 lot acres
    Property size
    23,917 SF
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    469521
    APU
    469521

    Description

    This exceptional 3.5-acre commercial land parcel presents a prime redevelopment opportunity in Baton Rouge, Louisiana. Located at 4902 Airline Hwy, this property enjoys a highly visible corner location at the intersection of Airline Hwy and North Foster Dr., boasting 1,007 feet of frontage and a depth of 796.5 feet. The existing structures are slated for demolition, making this a blank canvas for a variety of commercial ventures. With a C2 (Heavy Commercial) zoning designation, permitted uses are extensive and could include multifamily housing, retail centers, or gas stations. The site benefits from exceptional accessibility, providing easy access to I-110, the Baton Rouge Metropolitan Airport, and other key areas of north Baton Rouge. The property's high traffic count of 43,837 vehicles daily underscores its significant commercial potential. The asking price is $1,900,000, translating to a land value of $12.46 per square foot. The APN is 469521. Importantly, this property is located in Flood Zone X. This presents a rare chance to acquire a substantial tract of land in a high-traffic area, ready for immediate redevelopment. Don't miss this chance to capitalize on the potential of this strategically located property.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $520,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $647,000
      Market price range: $648k - $3.64M
      AI Estimate
      $736,000
      Market price range: $736k - $3.28M

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

    Location Insight

    • Map
    • Local Demand
    City
    Baton Rouge
    County
    East Baton Rouge
    State
    Louisiana
    Longitude
    -91.141
    Latitude
    30.5074
    CBSA code
    12940
    CBSA name
    BATON ROUGE, LA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $5,688
    $13,200
    $34,550
    $47,750
    -
    $132,000
    $230,333
    $362,333

    Comparable in this City

    • Value Estimation by Request

      2553 Kincaid Ave

      STORE/OFFICE (MIXED USE)
      2553 Kincaid Ave, Baton Rouge, LA 70805-8440
      View Details
    • Value Estimation by Request

      3871 Nokomis St

      STORE/OFFICE (MIXED USE)
      3871 Nokomis St, Baton Rouge, LA 70805-4826
      View Details
    • Value Estimation by Request

      2182 Osage St

      STORE/OFFICE (MIXED USE)
      2182 Osage St, Baton Rouge, LA 70805-6330
      View Details
    • Value Estimation by Request
      1.00 Acre

      2840 Msn Dr

      STORE/OFFICE (MIXED USE) • 1.00 Acre
      2840 Msn Dr, Baton Rouge, LA 70805-6747
      View Details
    • Value Estimation by Request
      0.59 Acres

      2810 Msn Dr

      STORE/OFFICE (MIXED USE) • 0.59 Acres
      2810 Msn Dr, Baton Rouge, LA 70805-6747
      View Details
    • Value Estimation by Request
      1.00 Acre

      2724 Foster Dr

      STORE/OFFICE (MIXED USE) • 1.00 Acre
      2724 Foster Dr, Baton Rouge, LA 70805-6923
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      43,000 SF

      Airline Hwy Showroom/Warehouse

      Highly visible showroom/warehouse with lay down yard for sale/lease.
      6545 Airline Hwy, Baton Rouge, LA 70805
      View Details
    • Contact for pricing
      135,000 SF

      Mixed-Use Property For Sale

      Mixed-use property available for sale.
      2618 Wooddale Blvd, Baton Rouge, LA 70805
      View Details
    • $33,000
      0.27 Acres

      Cleared Land Ready For Building

      Cleared lot in Baton Rouge, ready for new construction.
      5373 Sycamore St, Baton Rouge, LA 70805
      View Details
    • $450,000
      2.26 Acres

      Mobile Home Park Revitalization Opportunity

      Mobile home park revitalization opportunity in a convenient Baton Rouge location.
      3575 Victoria Dr, Baton Rouge, LA 70805
      View Details
    • Contact for pricing
      2,000 SF

      Redevelopment Opportunity on N Acadian

      Freestanding building on a signalized corner with redevelopment potential.
      3855 N Acadian Thruway, Baton Rouge, LA 70805
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Office Warehouse on Choctaw Drive

      Office warehouse available for sale or lease near Greenwell Springs.
      6301 Choctaw Dr, Baton Rouge, LA 70805
      View Details
    • Contact for pricing

      High-Visibility Commercial Space Available

      43,000 SF showroom/warehouse with lay down yard for lease.
      6545 Airline Hwy, Baton Rouge, LA 70805
      View Details
    • Contact for pricing
      12,480 SF

      Industrial Warehouse Space Available

      Industrial warehouse space for lease in Baton Rouge, Louisiana.
      3939 Choctaw Dr, Baton Rouge, LA 70805
      View Details
    • $1.00 SF/Yr

      Airline Highway Land For Rent

      Land available for rent on Airline Highway, Baton Rouge.
      5800 Airline Hwy, Baton Rouge, LA 70805
      View Details
    • $11 SF/Yr
      14,820 SF

      Airline Hwy Retail Center

      14,820 SF Retail Space - Baton Rouge
      5955 Airline Hwy, Baton Rouge, LA 70805
      View Details
    • Contact for pricing

      Established Retail Center For Lease

      Longest operating shopping center in Baton Rouge, 97% occupied.
      5151 Plank Rd, Baton Rouge, LA 70805
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    4902 Airline Hwy
    Baton Rouge, LA 70805-1701
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!