Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    5151 Plank Rd Baton Rouge, LA 70805

    • Investment properties
    • 173,000 SF
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US36-1180904
    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

    • Just Kids Dental / Dental Office
    • Dr. Anne Rob Sommers / Dental Office
    • Dr. Caroline Black, DDS / Dental Office
    • Caroline Black / Dental Office
    • Dr. Ryan Shinska, DDS / Dental Office

    Property Details for 5151 Plank Rd

    Year built
    1958
    Property size
    173,000 SF
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    271101
    APU
    271101

    Description

    Delmont Village Shopping Center, a vibrant retail hub in Baton Rouge's northwestern quadrant, presents a unique investment opportunity. Built in 1955 and boasting a remarkable history as Baton Rouge's longest continually operating shopping center, this property offers 161,292 square feet of retail space. Currently 97% occupied, the center comprises a main building housing twenty-two retail and medical tenants, and three separate outparcels occupied by a fast-food restaurant, a national bank, and a cafeteria. The main building offers multiple suites for lease, with a minimum divisible space of 1,673 square feet and a maximum contiguous space of 3,306 square feet. A total of three suites are currently available, totaling 8,064 square feet of vacant space. Strategically located on Plank Road off I-110, with convenient access from Airline Highway (Route 61), Delmont Village benefits from its high visibility and easy accessibility within a densely populated area. Its long-standing success speaks to its enduring appeal and loyal customer base, cultivated since 1959. This established center provides a strong foundation for future growth and profitability. The property's location in East Baton Rouge Parish ensures access to a thriving market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,686,000
      Market price range: $4.69M - $26.3M

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

    Location Insight

    • Map
    • Local Demand
    City
    Baton Rouge
    County
    East Baton Rouge
    State
    Louisiana
    Longitude
    -91.155
    Latitude
    30.4956
    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
    $13,117
    $2,060
    $108,050
    $110,110
    -
    $20,600
    $720,333
    $740,933

    Comparable in this City

    • Value Estimation by Request

      2658 Iroquois St

      STORE/OFFICE (MIXED USE)
      2658 Iroquois St, Baton Rouge, LA 70805-8248
      View Details
    • Value Estimation by Request
      1.57 Acres

      6445 Dutton Ave

      STORE/OFFICE (MIXED USE) • 1.57 Acres
      6445 Dutton Ave, Baton Rouge, LA 70805-1452
      View Details
    • Value Estimation by Request

      3546 Sycamore St

      STORE/OFFICE (MIXED USE)
      3546 Sycamore St, Baton Rouge, LA 70805-2848
      View Details
    • Value Estimation by Request
      0.03 Acres

      4245 Winbourne Ave

      STORE/OFFICE (MIXED USE) • 0.03 Acres
      4245 Winbourne Ave, Baton Rouge, LA 70805-6062
      View Details
    • Value Estimation by Request
      1.00 Acre

      4630 Winbourne Ave

      STORE/OFFICE (MIXED USE) • 1.00 Acre
      4630 Winbourne Ave, Baton Rouge, LA 70805-6834
      View Details
    • Value Estimation by Request

      2815 Wyandotte St

      STORE/OFFICE (MIXED USE)
      2815 Wyandotte St, Baton Rouge, LA 70805
      View Details

    Similar Nearby for Sale

    • $325,000
      3,400 SF

      Airline Hwy Commercial Property

      Baton Rouge Mixed-Use Investment
      5334 Airline Hwy, Baton Rouge, LA 70805
      View Details
    • $3,000,000
      43,000 SF

      Airline Hwy Industrial Property

      ±43,000 SF Showroom/Warehouse, Baton Rouge
      6545 Airline Hwy, Baton Rouge, LA 70805
      View Details
    • $670,000
      3.59 Acres

      Plank Road Commercial Land - Baton Rouge

      3.59 Acres, High-Traffic Location, $670,000
      6015 Plank Rd, Baton Rouge, LA 70805
      View Details
    • $1,900,000
      3.50 Acres

      Airline Hwy Commercial Land

      3.5-Acre Redevelopment Opportunity in Baton Rouge
      4902 Airline Hwy, Baton Rouge, LA 70805
      View Details
    • $125,000
      1,400 SF

      Baton Rouge Commercial Property

      1400 SF Retail Space, Vacant
      3515 Acadian Thruway, Baton Rouge, LA 70805
      View Details
    • Contact for pricing

      Vacant Lot Ready for Development

      Prime vacant lot with potential in an established neighborhood.
      3819 Uncas St, Baton Rouge, LA 70805
      View Details

    Similar Nearby for Lease

    • $4 SF/Yr
      41 SF

      Versatile Industrial/Flex Property For Lease

      1-acre industrial/flex property zoned for retail or office-warehouse use.
      1515 Choctaw Dr, Baton Rouge, LA 70805
      View Details
    • $1,000 /Mo

      Baton Rouge 3-Bedroom Apartment

      Three-bedroom apartment near Plank Rd redevelopment corridor in Baton Rouge.
      2920 Sherwood St, Baton Rouge, LA 70805
      View Details
    • $9 SF/Yr
      8,261 SF

      Retail Space on High-Traffic Corner

      8,261 SF retail space on a hard corner lot.
      4669 Plank Rd, Baton Rouge, LA 70805
      View Details
    • Contact for pricing
      161,292 SF

      Delmont Village: Retail Space Available

      Prime Baton Rouge retail center; multiple suites available.
      5151 Plank Rd, 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
    • $8 SF/Yr
      6,500 SF

      Dock-High Office/Warehouse Space Available

      6,500 SF dock-high office/warehouse with fenced yard.
      6722 Bicentennial Pl, 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.
    5151 Plank Rd
    Baton Rouge, LA 70805
    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.