Office/Warehouse with Secured Commercial
For Sale
$260,000
1123 N Carrollton Ave, Baton Rouge, LA 70806
2,100 SF office/warehouse with additional secured lot.
Property Size2,100 SF
Lot Size0.26 Acres
Price / SF$123.81
Days on Market802
Property Features for 1123 N Carrollton Ave
General Information
Standard status
Active
Size
2,100 SF
Lot size
0.26 Acres
Property subtype
Industrial
Zoning
C2
Listing Agency:
Saurage Rotenberg Commercial Real Estate, LLC
Listed By:
Carmen Austin MBA CCIM SIOR · License #BROK.0912122713-ASA
(225) 930-6256
Source:
Lacdb.resimplifi
Added: Jul 1, 2024
Changed: Sep 9
Last Checked: Sep 9 at 5:59AM
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 Saurage Rotenberg Commercial Real Estate, LLC
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$14,004
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.39%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$280,080
$280.1K
Cap Rate 7%
$200,057
$200.1K
Cap Rate 9%
$155,600
$155.6K
Market Conditions
NOI Build-Up for 2,100 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
NOI $14,004 @ 7.0% cap · market cap 5.39%
Second Best
Flex RnD
$194.9K
$170.6K – $227.4K
NOI $13,645 @ 7.0% cap · market cap 5.25%
Theoretical Best
Specialty Retail
$502.9K
$440.1K – $586.8K
NOI $35,205 @ 7.0% cap · market cap 13.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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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
