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    9217 Sullivan Rd Baton Rouge, LA 70818
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    Property profile & analytics

    9217 Sullivan Rd Baton Rouge, LA 70818

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    • Commercial real estate
    • 122.00 lot acres
    Off-Market
    Property ID
    US36-0316952
    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

    • Commercial real estate

    Property Details for 9217 Sullivan Rd

    Lot size
    122.00 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 122-acre commercial land parcel presents a unique investment opportunity in Baton Rouge, Louisiana. Located in Central, LA, near the intersection of Sullivan Road, Sully Drive, Leanne Avenue, and Rome Drive, this property boasts multiple points of ingress and egress, ensuring convenient access. The land is situated between Greenwell Springs Road and Wax Road, offering excellent visibility and accessibility. Its strategic location provides close proximity to a variety of established retailers, including Shoe Creek Development, Walmart, CVS, Lit Pizza, Wingstop, and Five Guys, enhancing its commercial viability. The property's zoning (not specified) is suitable for various commercial developments, making it an attractive option for investors seeking high-growth potential. The site is adjacent to the Morgan Place neighborhood, providing a residential backdrop. The asking price for this expansive tract is $3,050,000. Detailed surveys and environmental reports are available upon request. This is a rare opportunity to acquire a significant land holding in a rapidly developing area of Baton Rouge. The property's size and location make it an ideal candidate for a variety of commercial ventures. Don't miss this chance to secure a prime piece of Central Louisiana real estate. The address is 9217 Sullivan Rd, Baton Rouge, LA 70818.

    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
    Baton Rouge
    County
    East Baton Rouge Parish
    State
    Louisiana
    Longitude
    -91.040513
    Latitude
    30.53428

    Comparable in this City

    • $950,000

      Commercial Land on Hooper Road

      5.52 acre commercial tract with high visibility and frontage.
      13122 Hooper Rd, Baton Rouge, LA 70818
      View Details
    • $750,000

      Airline Highway Vacant Commercial Land

      Vacant land on Airline Highway with C-2 commercial zoning.
      7919 Airline Hwy, Baton Rouge, LA 70818
      View Details
    • $1,106,000

      Land For Sale

      Land available for purchase.
      11228 Sullivan Rd, Baton Rouge, LA 70818
      View Details
    • Contact for pricing

      Vacant Land For Sale

      31.08 acres of vacant land zoned R2 and RA.
      9448 Sullivan Rd, Baton Rouge, LA 70818
      View Details
    • $485,000

      Commercial Land on Hooper Road

      2.55 acre commercial site with frontage on Hooper Road.
      12939 Hooper Rd, Baton Rouge, LA 70818
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Development Ready Pad Sites

      Pad sites for office, medical, and retail development.
      Wax Rd, Baton Rouge, LA 70818
      View Details
    • Contact for pricing

      143.6 Acres Prime Real Estate

      Large land parcel in fast-growing Central, Louisiana.
      10600 Hooper Rd, Baton Rouge, LA 70818
      View Details
    • Contact for pricing

      Vacant Land For Sale

      31.08 acres of vacant land zoned R2 and RA.
      9448 Sullivan Rd, Baton Rouge, LA 70818
      View Details
    • $485,000

      Commercial Land on Hooper Road

      2.55 acre commercial site with frontage on Hooper Road.
      12939 Hooper Rd, Baton Rouge, LA 70818
      View Details
    • $459,000

      High Traffic Corner Lot

      Corner lot with high traffic, adjacent to community college.
      10554 Hooper Rd, Central, LA 70818
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Garden Office Park For Lease

      Office spaces available in new commercial development.
      9850 Sullivan Rd, Baton Rouge, LA 70818
      View Details
    • Contact for pricing

      Office/Educational Facility on Joor Rd

      Office, educational, or multi-use facility with excellent visibility.
      10510 Joor Rd, Baton Rouge, LA 70818
      View Details
    • $19 SF/Yr
      49,000 SF

      Central Plaza Shopping Center

      Baton Rouge retail spaces available
      14455 Wax Rd, Central, LA 70818
      View Details
    • Contact for pricing

      Retail Space in Shadow-Anchored Center

      Retail suite available in busy Central, LA shopping center.
      10218 Sullivan Rd, Baton Rouge, LA 70818
      View Details
    • $25 SF/Yr
      1,077 SF

      Retail Space Near Winn-Dixie

      Retail space available for lease next to Winn-Dixie.
      12142 Hooper Rd, Baton Rouge, LA 70818
      View Details
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    Baton Rouge, LA 70818
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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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