Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    15000 Florida Boulevard | Baton Rouge, LA 70819 Baton Rouge, LA 70819

    Sponsored
    For Lease
    Contact for pricing

    18-acre M-1 zoned industrial land

    Lot size:
    790,047 SF

    Description

    Added:
    Jan 15, 2025
    Days on Market:
    386
    This 18.137-acre tract of undeveloped land presents a compelling opportunity for industrial development. Zoned M-1 light industrial, this flat, cleared site boasts a desirable rectangular shape, facilitating efficient site planning. Located on the north side of Florida Boulevard in Baton Rouge, Louisiana, zip code 70819, the property offers convenient access to Interstate 12, providing excellent connectivity to the Central and Livingston Parish markets. Its strategic location on the Florida Boulevard/Choctaw Drive corridor, an established industrial area, positions it well for logistics or distribution uses. The site's average depth is approximately 600 feet, and its average width is approximately 1,000 feet. Situated near the Livingston Parish line along Highway 190, this property benefits from reduced flood risk, falling within Flood Zone X. The surrounding area features a mix of older office-warehouse buildings, automobile dealerships, retail spaces, and residential properties. This makes it ideal for owner-users or developers seeking a well-located, readily developable industrial site in the Baton Rouge MSA. The property's size and characteristics make it suitable for a variety of industrial uses.

    Property Features for 15000 Florida Boulevard | Baton Rouge, LA 70819

    General Information

    Property type
    Other land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    790,047 SF
    Elevators
    N/A

    We can help!

    Listing Contact
    Evan Scroggs

    Learn more

    Property Insight Report

    HighLights

    • 18.137‑acre undeveloped tract zoned M‑1 light industrial.
    • Excellent Interstate 12 access, boosting logistics potential.
    • Flat, cleared site with minimal flood risk in Flood Zone X, ideal for development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    City
    Baton Rouge
    State
    Louisiana

    Nearby Similar for Lease

    • $700 /Mo
      106 SF

      Furnished Room in Saint George

      Furnished room with sink, cabinetry, and marble flooring available.
      14111 Airline Hwy, Baton Rouge, LA 70817
      View Details
    • $2,500 /Mo
      850 SF

      Florida Boulevard Commercial Opportunity

      0.47 acres with buildings on Florida Boulevard for rent.
      8676 Florida Blvd, Baton Rouge, LA 70815
      View Details
    • New
      $995 /Mo
      1,092 SF

      Baton Rouge Office Suite Rental

      Well-maintained office suite for rent in Baton Rouge, LA.
      9654 Brookline Ave, Baton Rouge, LA 70809
      View Details
    • New
      $595 /Mo
      685 SF

      Baton Rouge Office Suite Rental

      Well-maintained office suite available for rent in Baton Rouge.
      9654 Brookline Ave, Baton Rouge, LA 70809
      View Details
    • $1,000 /Mo
      1,500 SF

      Renovated Commercial Space in Baton Rouge

      Completely renovated commercial space in the heart of Mid City.
      3844 Florida Blvd, Baton Rouge, LA 70806
      View Details
    • $900 /Mo
      600 SF

      Secured Retail Space on Florida

      600 SF retail space with security features on Florida Blvd.
      8700 Florida Blvd, Baton Rouge, LA 70815
      View Details
    • $900 /Mo
      600 SF

      Secured Retail Space on Florida

      600 SF commercial space with security features on Florida Blvd.
      8700 Florida Blvd, Baton Rouge, LA 70815
      View Details
    • $250 SF/Yr
      1,200 SF

      Mid City Commercial Rental

      Single room commercial rental in the heart of Mid City.
      335 S Acadian Thwy, Baton Rouge, LA 70806
      View Details
    • $1,250 /Mo
      4,189 SF

      Baton Rouge Office Suite Rental

      Office suite with four offices, bath, and reception area.
      3084 Westfork Dr, Baton Rouge, LA 70816
      View Details
    • $1,250 /Mo
      4,189 SF

      Baton Rouge Office Suite

      Office suite featuring four offices and a reception area.
      3084 Westfork Dr, Baton Rouge, LA 70816
      View Details
    • $1,695 /Mo
      8,872 SF

      Office Space in Baton Rouge

      Professional office space for rent in Baton Rouge, Louisiana.
      4100 S Sherwood Forest Blvd, Baton Rouge, LA 70816
      View Details
    • $2,495 /Mo
      2,607 SF

      Stand-Alone Office Building For Rent

      Stand-alone office building with two connecting suites available for lease.
      11823 Market Place Ave, Baton Rouge, LA 70816
      View Details

    FAQs

    What type of property is this?
    Land - 18-acre M-1 zoned industrial land
    Where is this land located?
    The property is located at 15000 Florida Boulevard | Baton Rouge, LA 70819 Baton Rouge, LA.
    What are key features of this property?
    This property features: 18.137-acre undeveloped tract zoned M-1 light industrial.; Excellent Interstate 12 access, boosting logistics potential.; Flat, cleared site with minimal flood risk in Flood Zone X, ideal for development.
    (225) 427-9240
    Request Owner's contact information
    15000 Florida Boulevard | Baton Rouge, LA 70819 Baton Rouge, LA 70819
    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.
    15000 Florida Boulevard | Baton Rouge, LA 70819
    Baton Rouge, LA 70819
    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
    15000 Florida Boulevard | Baton Rouge, LA 70819 Baton Rouge, LA 70819
    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

    We can help!
    Listing Contact
    Evan Scroggs
    (225) 427-9240
    Learn more
    Google sign-in failed. Please try again or use another login method.