Retail Building with Rear
For Sale
Contact for pricing
10300 Perkins Rd, Baton Rouge, LA 70810
Existing retail box features a large open sales floor with a rear warehouse area for inventory.
Property Size54,972 SF
Days on Market190
Property Features for 10300 Perkins Rd
General Information
Standard status
Active
Size
54,972 SF
Property subtype
Retail
Lease Term
NNN
Additional Details
Traffic Count
40,000 vehicles/day
Building Details
Building Size
54,972 SF
Listing Agency:
JRE Brokerage
Listed By:
Will Chadwick · License #SALE.995691229‐ACT
(225) 753-3573
Source:
Gojre
Added: Apr 14
Changed: Oct 16
Last Checked: Oct 19 at 4:12AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of JRE Brokerage
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Investment Insights
Based on property information with market context.
This retail building offers an existing “box” configuration with a large, open retail floor and a rear warehouse designed for inventory. The space is flexible for potential expansion up to 54,000 SF or demising into smaller suites for qualified tenants.
The property is located in the Bluebonnet/Perkins retail trade area of Baton Rouge, directly across from Perkins Rowe. The prominent facade provides approximately 140 feet of frontage overlooking Perkins Rd, about a half-mile from the Bluebonnet/Perkins intersection, which is described as seeing 40,000+ cars per day. Nearby retailers referenced in the remarks include Fresh Market, Rouses Grocery, Supperclub, and Cinemark.
Offered for sale with a lease described as being in place for the existing configuration, the asset is positioned for users seeking a high-visibility retail storefront with back-of-house warehouse support.
The property is located in the Bluebonnet/Perkins retail trade area of Baton Rouge, directly across from Perkins Rowe. The prominent facade provides approximately 140 feet of frontage overlooking Perkins Rd, about a half-mile from the Bluebonnet/Perkins intersection, which is described as seeing 40,000+ cars per day. Nearby retailers referenced in the remarks include Fresh Market, Rouses Grocery, Supperclub, and Cinemark.
Offered for sale with a lease described as being in place for the existing configuration, the asset is positioned for users seeking a high-visibility retail storefront with back-of-house warehouse support.
Key Highlights
- Retail building includes a large open sales floor plus a rear warehouse area for inventory
- 140'+ frontage on Perkins Rd with a prominent facade
- Directly across from Perkins Rowe in the Bluebonnet/Perkins retail trade area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$860,133
Suggested Prices Based on Cap Rates
Cap Rate 5%
$17,202,660
$17.2M
Cap Rate 7%
$12,287,614
$12.3M
Cap Rate 9%
$9,557,033
$9.6M
Market Conditions
NOI Build-Up for 54,972 SF
Gross rent
$1.23M $22.44/SF
− Vacancy
−$4.8K −$0.09/SF
EGI
$1.23M $22.35/SF
− OpEx
−$368.6K −$6.71/SF
NOI
$860.1K $15.65/SF
Area
Baton Rouge, LA
Vacancy
0.39%
Lease Rate
$22.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$17,202,660
Cap Rate 7%
$12,287,614
Cap Rate 9%
$9,557,033
Alternative Uses
Best Use
Retail
$12.29M
$10.75M – $14.34M
NOI $860,133 @ 7.0% cap · market cap 5,734,220.00%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$13.17M
$11.52M – $15.36M
NOI $921,571 @ 7.0% cap · market cap 6,143,806.67%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
40,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
1,440
Businesses Nearby
430k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 44%
Shops & Services 19%
Leisure 14%
Groceries 12%
Cinemark
Leisure
60,203 visits/mo
0.2 miles
Barnes & Noble
Shops & Services
52,822 visits/mo
0.3 miles
McDonald's
Dining
28,085 visits/mo
0.3 miles
Raising Cane's Chicken Fingers
Dining
28,069 visits/mo
0.2 miles
Rouses Market
Groceries
27,363 visits/mo
0.5 miles
Demographics for 70810, LA
42,472
Population
19,195
Households
2.2
Avg Household Size
38
Median Age
55%
College-Educated
95%
High-School Grad
26.2 sq mi
ZIP Area
1,621
Density / Sq Mi
$93,712
Median Household Income
$52,510
Median Earnings
$1,406
Median Rent
$353,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Strip mall - Existing retail box features a large open sales floor with a rear warehouse area for inventory.
Where is this strip mall located?
The property is located at 10300 Perkins Rd Baton Rouge, LA.
What are key features of this property?
This property features: Retail building includes a large open sales floor plus a rear warehouse area for inventory; 140'+ frontage on Perkins Rd with a prominent facade; Directly across from Perkins Rowe in the Bluebonnet/Perkins retail trade area
