Land sale Auction DOVER STREET PARK

SB# 1873
4-Acre Portion of Kildare Plantation, Located in Section 50, T-6-S, R-1-E
The Recreation and Park Commission for the Parish of East Baton Rouge (BREC) will accept
sealed bids for the sale of 4.000 acres of vacant land fronting Dover Street in Baton Rouge, not
needed for public recreation purposes, described as 4-Acre Portion of Kildare Plantation,
Located in Section 50, T-6-S, R-1-E in Baton Rouge, for the minimum price of $250,000.00
approximated appraised value.
Electronic OR Paper bids will be received until 2:00 pm CT, July 9, 2026, by the BREC
Finance Department, BREC Administration Building, 6201 Florida Boulevard, Baton Rouge,
Louisiana. All electronic bids will be downloaded and publicly read aloud, along with all paper
bids received, immediately after the 2:00 pm bid closing in Room 1515 of the BREC
Administration Building. Bidders or their authorized representatives are invited to be present. No
bids will be received after 2:00 pm on the same day and date.
Acceptance of a bid is subject to entry into a binding written Purchase Agreement acceptable to
both parties within forty-five (45) days of the opening of bids.
Complete bid documents are available by email request to BREC Purchasing
Department, Dedra.Fountain@brec.org. Contact the BREC Purchasing Department at (225)
273-6421.
Electronic bids must be submitted through www.bidexpress.com prior to the bidding
deadline. Bidders utilizing the electronic bid process are responsible for confirming that all
documents are properly submitted and received by Bid Express. Questions about this procedure
shall be directed to Bid Express Customer Service at support@bidexpress.com. Toll Free: (888)
352-BIDX (2439), Phone: (352) 381-4888, Fax: (888) 971-4191, Monday through Friday, 6am -
7pm CT.
BREC has elected to use LaPAC, the state's online electronic bid posting and notification system,
in addition to its standard means of advertising. LaPAC is resident on the Office of State
Procurement's website at LaPAC Public Menu (louisiana.gov) and is available for vendor self-
enrollment.
Paper bid forms must be submitted in a sealed, opaque envelope and endorsed SB 1873 4-Acre
Portion of Kildare Plantation, Located in Section 50, T-6-S, R-1-E One (1) copy of the bid form shall
be submitted.

Sale of Land - Bid Proposal
Sealed Bid #:
Parcel Number:
Letting Date:
To the Recreation and Parks Commission for the Parish of East Baton Rouge. I (We) hereby
offer to purchase the BREC-owned land at the lump sum price offered for the parcel(s) in
the "Bid Amount". The undersigned certifies that he/she has examined the land offered for
sale and is satisfied as to the condition of same and has judged for himself/herself as to
the conditions to be encountered in sale of said land.
Bid Amount:
Signature of Authorized Bidder:
Signature Date:
Contact Information
Bidder's Name:
Company (if any):
Address:
Telephone No.:
Email Address:

An Appraisal Report on Relevant Date(s):
A Tract of Land February 20, 2026 (Date of Property Visit)
DOVER STREET PARK
Prepared For:
Address:
7300 Dover Street
Mr. Brett Wallace, PLA, PMP
Baton Rouge, Louisiana 70812
BREC
6201 Florida Boulevard
Legally Described As:
Baton Rouge, LA 70806
A 4-Acre Portion of Kildare Plantation,
Located in Section 50, T-6-S, R-1-E, Baton
FILE #26-23741
Rouge, East Baton Rouge Parish, Louisiana

February 26, 2026
Mr. Brett Wallace, PLA, PMP
BREC
6201 Florida Boulevard
Baton Rouge, LA 70806
Re: Dover Street Park, in Baton Rouge, Louisiana
Dear Mr. Wallace:
In accordance with your request and for the purpose of estimating the market value of a fee simple
interest in the property above referenced and more particularly described within the report, we present the
following appraisal for your approval.
This is an Appraisal Report as defined by Uniform Standards of Professional Appraisal Practice
under Standards Rule 2-2(a). This format provides a summary or description of the appraisal process,
subject and market data and valuation analyses.
Based upon our visit to the subject property and investigations and analyses undertaken, we have
formed the opinion that, subject to the assumptions and limiting conditions set forth in this report, the
market value of the fee simple interest in the subject property "as is, as of February 20, 2026 (date of the
property visit)," is:
TWO HUNDRED FIFTY THOUSAND DOLLARS
$250,000
The above value is net of $25,000 in capital outlays for rezoning and demolition and removal of
site improvements and rezoning costs.

Cook, Moore, Davenport & Associates
Real Estate Appraisers
Page 3
The above value(s) are subject to the following extraordinary assumptions:
The subject property is currently zoned A-1 (Single-Family Residential). It is an
extraordinary assumption of this report that the entire subject property would be able to be
rezoned to allow for multifamily development without significant capital outlays or delays
in development.
The use of extraordinary assumptions affected the assignment results.
This letter must remain attached to the report, which contains 82 pages (from the appraisal
cover to the addendum) plus related exhibits, in order for the value opinion set forth to be considered
valid.
This appraisal report was completed in accordance with the requirements of BREC, the Uniform
Standards of Professional Appraisal Practice (USPAP), and the requirements set by the Office of the
Comptroller of currency appraisal standards as delineated by ruling 12 USC. 93a of title XI of the FIRREA,
dated 1989. If we can be of further assistance in this matter, please do not hesitate to call.
Respectfully submitted,
Tom W. Cook, MAI Robert E. Beaman
Louisiana Certified General Louisiana Certified General
License #APR.00005-CGA License #APR.04446-CGA
tcook@cookmoore.com bbeaman@cookmoore.com

TABLE OF CONTENTS
SUMMARY OF SALIENT FACTS ............................................................................................................. 1
IDENTIFICATION OF THE SUBJECT PROPERTY................................................................................. 3
THE APPRAISAL PROBLEM .................................................................................................................... 5
SCOPE OF WORK ....................................................................................................................................... 8
PROPERTY TAX INFORMATION .......................................................................................................... 10
HISTORY OF THE SUBJECT PROPERTY ............................................................................................. 12
LOCATION MAP ...................................................................................................................................... 13
NEIGHBORHOOD ANALYSIS ................................................................................................................ 14
GENERAL ........................................................................................................................................ 14
SUBJECT NEIGHBORHOOD ......................................................................................................... 17
APARTMENT MARKET ANALYSIS ...................................................................................................... 20
SITE SURVEY ........................................................................................................................................... 48
ZONING MAP............................................................................................................................................ 49
FLOOD PLAIN MAP ................................................................................................................................. 50
AERIAL PHOTOGRAPH .......................................................................................................................... 51
SITE ANALYSIS ....................................................................................................................................... 52
LAND VALUE ESTIMATE ...................................................................................................................... 57
MAP OF LAND SALE COMPARABLES ...................................................................................... 73
LAND SALE SUMMARY ............................................................................................................... 73
TRANSACTIONAL ADJUSTMENTS ............................................................................................ 74
PHYSICAL ADJUSTMENTS .......................................................................................................... 75
SALES COMPARISON ADJUSTMENT GRID ............................................................................. 77
EXPOSURE TIME ..................................................................................................................................... 79
CERTIFICATION OF APPRAISERS........................................................................................................ 80
A D D E N D U M ...................................................................................................................................... 82

SUMMARY OF SALIENT FACTS
Dates Effective Date of Value - February 20, 2026
Date of the Property Visit - February 20, 2026
Report Date - February 26, 2026
Highest & Best Use Multifamily
Location The subject is at the east end side of Dover Street
Municipal Address 7300 Dover Street, Baton Rouge, Louisiana 70812
Legal Description A 4-Acre Portion of Kildare Plantation, Located in Section 50, T-
6-S, R-1-E, Baton Rouge, East Baton Rouge Parish, Louisiana
Land Summary
Land Summary
Gross Land Gross Land Usable Land Usable Land
Area (Acres) Area (SF) Area (Acres) Area (SF)
4.000 174,240 4.000 174,240
Zoning Classification A-1 (Single-Family Residential)
Sale History According to public records, the subject has not sold within the
last three years.
Current Listing/Contract(s) The subject is not known to be currently listed for sale, or under
contract.
Interest(s) Appraised Fee Simple "As Is"
1

Summary of Salient Facts
Fee Simple Value Indicators "As Is":
Sales Comparison Approach
The preceding value(s) are subject to the following extraordinary assumptions:
The subject property is currently zoned A-1 (Single-Family Residential). It is an
extraordinary assumption of this report that the entire subject property would be
able to be rezoned to allow for multifamily development without significant capital
outlays or delays in development.
The use of extraordinary assumptions might have affected the assignment results.
2
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IDENTIFICATION OF THE SUBJECT PROPERTY
The subject is a 174,240 square foot (4.000 acre) parcel of land in Baton Rouge, Louisiana. The
site is rectangular, with 55' of frontage at the east end of Dover Street. The property bears the municipal
address 7300 Dover Street, Baton Rouge, Louisiana 70812.
The subject can be legally described as A 4-Acre Portion of Kildare Plantation, Located in Section
50, T-6-S, R-1-E, Baton Rouge, East Baton Rouge Parish, Louisiana. The subject can be further legally
described as follows:
3

Identification of the Subject Property
Source: East Baton Rouge Parish Clerk of Court
4