Your AI Navigator in Commercial Real Estate
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
    Property profile & analytics

    Garrett Rd, LA

    • Industrial properties
    • 21.41 lot acres
    OFF-MARKET
    Value Estimations
    $255,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US36-1675778
    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

    • Industrial properties

    Property Details

    Year built
    1975
    Lot size
    21.41 lot acres
    Property type
    Industrial properties
    APN
    114789
    APU
    114789

    Value Estimations

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Garrett Rd
    County
    Ouachita
    State
    Louisiana
    Longitude
    -92.0574
    Latitude
    32.4807
    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
    $3,129
    $18,734
    $578
    $19,312
    -
    $187,340
    $3,853
    $191,193

    Comparable in this City

    • Value Estimation by Request

      2881 Highway

      INDUSTRIAL (GENERAL)
      2881 Highway, 146, LA
      View Details
    • Value Estimation by Request

      2618 Highway

      INDUSTRIAL (GENERAL)
      2618 Highway, 146, LA
      View Details
    • Value Estimation by Request
      1.00 Acre

      Highway

      INDUSTRIAL (GENERAL) • 1.00 Acre
      Highway, 507, LA
      View Details
    • Value Estimation by Request

      Plank Rd, LA

      MIXED USE (COMMERCIAL/INDUSTRIAL)
      130, Plank Rd, LA
      View Details
    • Value Estimation by Request
      0.44 Acres

      Cypress St, LA

      INDUSTRIAL (GENERAL) • 0.44 Acres
      Cypress St, LA
      View Details
    • Value Estimation by Request
      1.72 Acres

      Copperhead Rd, LA

      INDUSTRIAL (GENERAL) • 1.72 Acres
      Copperhead Rd, LA
      View Details

    Similar Nearby for Sale

    • $555,000
      7,800 SF

      Industrial Property in Deere Park

      Versatile industrial property with office/warehouse space and additional warehouse.
      8003 Moline Ave, Abbeville, LA
      View Details
    • $900,000
      15,700 SF

      Event Hall and Warehouse

      Functional warehouse with event hall and expansion potential.
      6308 Quinn Dr, Baton Rouge, LA
      View Details
    • $2,490,000
      110,540 SF

      Two Warehouses Plus Undeveloped Land

      Two warehouses and land with income potential in Mansfield, LA.
      325 Liberty Ln, Mansfield, LA
      View Details
    • $300,000
      16,000 SF

      Lecompte Warehouse and Storage Facility

      16,000 SF commercial buildings near I-49 and Union Pacific.
      1200 La-456, Lecompte, LA
      View Details
    • $530,000

      HC-2 Zoned Versatile Property

      Versatile property with frontage on Hwy 1077 near Hwy 190.
      73312 La-1077, Folsom, LA
      View Details
    • $1,070,880
      6,800 SF

      Mid-City Redevelopment Opportunity

      Historic Mid-City property suitable for redevelopment and various commercial uses.
      2008 North St & 1952 St North, Baton Rouge, LA
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      4,800 SF

      Gonzales Office/Warehouse with Stabilized Yard

      Office/warehouse with stabilized, fenced yard in Gonzales, Louisiana.
      39370 Airline Plz, Gonzales, LA
      View Details
    • Contact for pricing
      200,555 SF

      New Class A Industrial Space

      Modern distribution facility with superior access and infrastructure.
      Wadsworth Pkwy, Mandeville, LA
      View Details
    • $639,000
      20,000 SF

      Industrial Build-to-Suit Opportunity

      Industrial space for lease with easy highway access.
      Commerce Dr, Gonzales, LA
      View Details
    • Contact for pricing
      33,120 SF

      Class A Flex Space Gonzales

      Class A flex/R&D space in growing industrial area.
      8206 La-44, Gonzales, LA
      View Details
    • $10 SF/Yr
      1,888 SF

      Flex Property Near Hammond, Louisiana

      Flex property with office and warehouse space for lease.
      10209 Park Pl, Hammond, LA
      View Details
    • $12 SF/Yr
      7,646 SF

      Office/Warehouse Space in Destrehan

      Tilt-up concrete building with office and warehouse space for rent.
      100 Alpha Dr, Destrehan, LA
      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.
    Garrett Rd, LA
    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.

    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.