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

    5905 Florida Blvd Baton Rouge, LA 70806

    • Commercial real estate
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US36-2562963
    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

    • Todays Deals Baton Rouge / Discount Store
    • Roses Discount Store / Discount Store
    • Aazzeo / Tech Support Center / (Bike/Boat/Book/etc) Store
    • Kings Cuisine LLC / Restaurant
    • Computer Trade-In / Vocational School / Training Center

    Property Details for 5905 Florida Blvd

    Property type
    Commercial real estate

    Description

    This exceptional commercial land parcel, located at 5905 Florida Blvd in East Baton Rouge Parish, presents a prime opportunity for ground lease. The site boasts a generous 160' x 243' footprint, offering excellent visibility and accessibility. Strategically positioned within the Ardenwood Shopping Center, it benefits from cross-access with a new, 43,000 sq ft Rouses Grocery store (currently under construction), and the main shopping center itself. This revitalized center features over 400 parking spaces and a prominent 30-foot pylon sign, ensuring high visibility for your business. The location enjoys exceptional daily traffic counts of approximately 50,000 vehicles, thanks to its signaled intersection at Florida Boulevard and Ardenwood Street. The property's proximity to Amazon's new 3,800,000 sq ft fulfillment facility (just one mile away) further enhances its appeal. Suitable for retail, office, or medical uses, this outparcel offers multiple access points and strong co-tenancy, making it an ideal investment in a rapidly growing area of Baton Rouge. Detailed site plans and pricing are available upon request.

    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
    -91.1288707
    Latitude
    30.4530574

    Comparable in this City

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      11,475 SF

      Prime Baton Rouge Commercial Land

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      Mid-City Baton Rouge Office Space

      Flexible office suites, prime location.
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    • $11 SF/Yr
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      Retail Space on Florida Blvd

      Retail space with frontage and pylon signage on Florida Blvd.
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    • $1.00 SF/Yr
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      Retail Redevelopment at Government Street

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      Mid City Commercial Rental

      Single room commercial rental in the heart of Mid City.
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    Similar Nearby for Lease

    • $1.05 SF/Yr
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      Prime Baton Rouge Commercial Land

      11,475 sq ft lot, ideal for various uses.
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    • $15 SF/Yr
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      Florida Blvd Retail Space

      Baton Rouge retail strip center, newly renovated.
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      Jefferson Hwy Retail Center

      High-traffic retail space available
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      Professional Office Building For Rent

      Two-story office building with on-site management and covered parking.
      6554 Florida Blvd, Baton Rouge, LA 70806
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    • $10 SF/Yr
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      Second Level Office Space Available

      Office space for lease with convenient interstate access.
      759 S Acadian Thruway, Baton Rouge, LA 70806
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    5905 Florida Blvd
    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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