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

    5500 Florida Blvd Baton Rouge, LA 70806

    • Investment properties
    • 24,913 SF
    For Lease
    View listing
    $10 SF/Yr
    Value Estimations
    $895,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US36-2551108
    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

    • Presidential Grooming / Barber Shop
    • Cut Theory 101 / Beauty Salon
    • Beacon For Life Assisted Living / Assisted Living Facility / Home Health Care Service
    • Dr Check / Loan Agency
    • Habitat For Humanity of Greater Baton Rouge (Admin. Offices) / Non-Profit Organization / Volunteer Organization

    Property Details for 5500 Florida Blvd

    Property size
    24,913 SF
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    908894
    APU
    908894

    Description

    This exceptional 11,000-square-foot executive office space is located at 5500 Florida Boulevard in Baton Rouge, Louisiana, ZIP code 70806. The property, classified as Class B, underwent extensive renovations in 2012, exceeding $750,000 in improvements. Currently, the entire space is vacant and available for lease as a single unit or potentially divisible for the right tenant. The building features a desirable floor plan with high-quality finishes. Its prime location offers easy access to downtown Baton Rouge and is adjacent to BRCC. A dedicated parking lot in the rear provides ample parking for occupants. The property also presents a unique opportunity: building naming rights are available, along with prominent signage on Florida Boulevard. The property's APN is 009-0889-4. The building's total square footage is 11,000 square feet, with the entire space currently vacant. The property type is listed as Retail and Office, with subtypes including Executive Office, Storefront, Strip Center, and Traditional. Multiple tenancies are possible.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $580,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,054,000
      Market price range: $914k - $3.11M
      AI Estimate
      $1,057,000
      Market price range: $935k - $3.10M

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

    Location Insight

    • Map
    • Local Demand
    City
    Baton Rouge
    County
    East Baton Rouge
    State
    Louisiana
    Longitude
    -91.1333
    Latitude
    30.4502
    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
    $10,553
    $10,300
    $74,930
    $85,230
    -
    $103,000
    $499,533
    $602,533

    Comparable in this City

    • Value Estimation by Request

      1214 Acadian Thruway

      STORE/OFFICE (MIXED USE)
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      3615 Nn St

      STORE/OFFICE (MIXED USE)
      3615 Nn St, Baton Rouge, LA 70806-3240
      View Details
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      1.00 Acre

      3772 Nn Blvd

      STORE/OFFICE (MIXED USE) • 1.00 Acre
      3772 Nn Blvd, Baton Rouge, LA 70806-3822
      View Details
    • Value Estimation by Request

      4088 Nn St

      STORE/OFFICE (MIXED USE)
      4088 Nn St, Baton Rouge, LA 70806-3359
      View Details
    • Value Estimation by Request
      1.00 Acre

      4040 Nn Blvd

      STORE/OFFICE (MIXED USE) • 1.00 Acre
      4040 Nn Blvd, Baton Rouge, LA 70806-3829
      View Details
    • Value Estimation by Request

      Baton Rouge, LA 70806

      STORE/OFFICE (MIXED USE)
      Baton Rouge, LA 70806
      View Details

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    Baton Rouge, LA 70806
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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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