Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    639 Madison Ave Bastrop, LA 71220-3833
    Back to Search
    Property profile & analytics

    639 Madison Ave, Bastrop, LA 71220-3833

    View on Map
    • Banks
    Off-Market
    Property ID
    US36-2415057
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Banks

    Property Details for 639 Madison Ave

    Property type
    Banks
    APN
    1200007934
    APU
    1200007934

    Description

    This exceptional 2,000 square-foot retail space, formerly occupied by B1 Bank, presents a fantastic opportunity in Bastrop, LA. Located at 639 E Madison Avenue, this end-cap unit boasts two convenient drive-thru lanes, ideal for maximizing customer access and efficiency. The interior has been completely renovated, offering a modern and energy-efficient workspace. The layout includes four private offices bathed in natural light, a spacious open floor plan, two restrooms, and a large kitchen/break area with ample space for expansion into additional meeting space. A dedicated data/file room and extra storage room provide ample organizational capabilities. The property benefits from abundant parking, enhanced by security lighting in both the parking lot and storefront areas. This thriving retail plaza enjoys a strong tenant mix, including Cost Plus Furniture, Climate Control Storage, From The Heart Designs, Raw Kutz International Barber & Beauty Shop, Jiffy Tax, Spin Spa Laundry, and Cover 2 Wings & Grill, ensuring high visibility and foot traffic. The asking price is $2,000. This property is ready for immediate occupancy.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Bastrop
    County
    Morehouse
    State
    Louisiana
    Longitude
    -91.9062
    Latitude
    32.7788
    CBSA code
    33740
    CBSA name
    MONROE, 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
    $16,723
    $0.00
    $122,030
    $122,030
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request

      6091 Mer Rouge Rd

      FINANCIAL BUILDING
      6091 Mer Rouge Rd, Bastrop, LA 71220-6709
      View Details
    • Value Estimation by Request

      1503 Madison Ave

      FINANCIAL BUILDING
      1503 Madison Ave, Bastrop, LA 71220-4030
      View Details
    • Value Estimation by Request

      1927 Madison Ave

      FINANCIAL BUILDING
      1927 Madison Ave, Bastrop, LA 71220-4069
      View Details
    • Value Estimation by Request

      Bastrop, LA 71220

      FINANCIAL BUILDING
      Bastrop, LA 71220
      View Details
    • Value Estimation by Request

      2007 Madison Ave

      FINANCIAL BUILDING
      2007 Madison Ave, Bastrop, LA 71220-4070
      View Details
    • Value Estimation by Request

      2126 Madison Ave

      FINANCIAL BUILDING
      2126 Madison Ave, Bastrop, LA 71220-4036
      View Details

    Similar Nearby for Sale

    • $125,000

      Prime Commercial Land with Dual Access

      5.25 acre commercial tract with high visibility and dual access.
      7 Hwy 425, Bastrop, LA 71220
      View Details
    • Contact for pricing
      1,218 SF

      High-Traffic Corner Lot Opportunity

      Commercial land with potential for restaurant or retail development.
      204 WEST Madison Ave, Bastrop, LA 71220
      View Details
    • $199,999
      4,218 SF

      Bastrop Retail Space - Prime Location

      High-traffic retail space, ample parking.
      1802 Madison Ave, Bastrop, LA 71220
      View Details
    • $750,000
      3,759 SF

      Bastrop Restaurant with Drive-Thru

      Commercial property ideal for restaurant use with drive-thru.
      2057 E Madison Ave, Bastrop, LA 71220
      View Details
    • $95,000

      Historic Storefront in Courthouse Square

      4,640 SF storefront in Bastrop's Historic Courthouse Square.
      114 S Washington St, Bastrop, LA 71220
      View Details
    • $150,000

      High Visibility Commercial Property

      Commercial property with high visibility and road frontage.
      3449 New Monroe Rd, Bastrop, LA 71220
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,200 SF

      Retail Space Near Walmart Supercenter

      Retail space available, shadow-anchored by Walmart Supercenter on Mer Rouge Road.
      5981-6033 Mer Rouge Rd, Bastrop, LA 71220
      View Details
    • Contact for pricing

      Commercial Land Near Walmart

      Commercial land for rent shadow-anchored by Walmart Supercenter.
      6017 Mer Rouge Rd, Bastrop, LA 71220
      View Details
    • Contact for pricing

      Land Shadow-Anchored by Walmart

      Commercial land available, shadow-anchored by Walmart Supercenter.
      5981 Mer Rouge Rd, Bastrop, LA 71220
      View Details
    • Contact for pricing

      Commercial Land Near Walmart

      Land available near Walmart Supercenter with planned expansion.
      5993 Us-425, Bastrop, LA 71220
      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.
    639 Madison Ave
    Bastrop, LA 71220-3833
    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

    Thank You for Inquiry
    639 Madison Ave, Bastrop, LA, 71220
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!