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4950 Government St Baton Rouge, LA 70806-5999

OFF-MARKET Investment properties Google Maps
3,360 SF Built 1999
Entity Owned Free & Clear
Estimated value (blended)
$260k
Range $234k – $286k (±10%)
Property ID US36-0443011

Property summary

AI-generated overview

This exceptional 4,000 square foot standalone commercial property, located at 4950 Government Street in Baton Rouge, Louisiana, presents a unique investment opportunity. The building, a brick and CMU structure with metal trusses, sits on a 0.37-acre lot and benefits from ample parking on both the north and south sides, allowing for convenient access and 360-degree circulation. Currently zoned C1, this versatile property offers a multitude of potential uses, making it ideal for a variety of businesses. Its strategic location at the intersection of Government Street and South Foster Drive ensures high visibility and accessibility. The building is situated in Flood Zone X, eliminating flood insurance concerns. Previously occupied by Fred Frey Photography, the space is adaptable to a single tenant or can be easily divided into individual suites to accommodate multiple occupants. The asking price is $650,000, translating to $162.50 per square foot. This represents a compelling opportunity to acquire a well-located, versatile commercial property in a thriving Baton Rouge neighborhood. The property's size, zoning, and parking make it a highly desirable asset for both owner-occupiers and investors.

Property profile

Verified
Property type Investment properties
Use group STORE/OFFICE (MIXED USE)
Year built 1999
Total area 3,360 SF
APN 1241710
UPID US36-0443011

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store
  • Photography Service (Bike/Boat/Book/etc) Store

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$260k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$260k

Owner & transaction history

since 2026
7 recorded transactions
2026
Price N/A
2026
$440,000
2014
$30,000
2013
$10,000
2007
Price N/A
2006
Price N/A
2005
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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