Listing Agency: Saurage Rotenberg Commercial Real Estate, LLC

Listed By: Carmen Austin MBA CCIM SIOR · License #BROK.0912122713-ASA Show Phone

Source: Lacdb.resimplifi

Added: Jul 1, 2024 Changed: Oct 7 Last Checked: Oct 24 at 1:40PM

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Investment Insights

Based on property information with market context.

This property features a +/- 2,100 square foot office/warehouse located in the Melrose East subdivision of Mid-City, near the new Rouse's and Amazon Distribution Center. The building includes a ceiling height of 12 feet and a roll-up door measuring 10 feet 4 inches high by 10 feet wide. Additionally, the property includes an adjacent 85' x 135' secured commercial lot. This property is suitable for storage, landscaping, a towing company, granite, construction, or a trucking company.

Key Highlights

• 2,100 SF Office/Warehouse
• Includes a spacious 85'x 135' Adjacent Secured Commercial Lot
• Located in Mid‑City near Rouse's and Amazon Distribution Center

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$14,004

Cap Rate

5.39%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$280,080 $280.1K

Cap Rate 7%

$200,057 $200.1K

Cap Rate 9%

$155,600 $155.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,100 SF

Gross rent

$20.4K $9.72/SF

− Vacancy

−$406 −$0.19/SF

EGI

$20.0K $9.53/SF

− OpEx

−$6.0K −$2.86/SF

NOI

$14.0K $6.67/SF

Area

Baton Rouge, LA

Vacancy

1.99%

Lease Rate

$9.72 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$280,080

Cap Rate 7%

$200,057

Cap Rate 9%

$155,600

Alternative Uses

Best Use

Industrial

$200.1K

$175.1K – $233.4K (±1% cap)

NOI $14,004 @ 7.0% cap · market cap 5.39%

Second Best

Flex RnD

$194.9K

$170.6K – $227.4K (±1% cap)

NOI $13,645 @ 7.0% cap · market cap 5.25%

Theoretical Best

Specialty Retail

$502.9K

$440.1K – $586.8K (±1% cap)

NOI $35,205 @ 7.0% cap · market cap 13.54%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Contact the owner directly Get the owner's phone numbers and email

Open Analytics

Current Use

Flex space

Suggested Use

Top Pick Dental Office Real Estate Agency Parking Lot & Garage Restaurant (Bike/Boat/Book/etc) Store Veterinary Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

782

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 70806, LA

27,898

Population

14,972

Households

1.9

Avg Household Size

37

Median Age

40%

College-Educated

90%

High-School Grad

8.9 sq mi

ZIP Area

3,135

Density / Sq Mi

$53,430

Median Household Income

$41,894

Median Earnings

$1,014

Median Rent

$321,400

Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

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Similar Off Market Nearby

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Frequently Asked Questions

What type of property is this?

Flex space - 2,100 SF office/warehouse with additional secured lot.

Where is this flex space located?

The property is located at 1123 N Carrollton Ave Baton Rouge, LA.

What is the asking price?

The asking price for this property is $260,000.

What are key features of this property?

This property features: 2,100 SF Office/Warehouse; Includes a spacious 85'x 135' Adjacent Secured Commercial Lot; Located in Mid‑City near Rouse's and Amazon Distribution Center