Sullivan Road Commercial
11237 Sullivan Road Baton Rouge, LA 70818
11237 Sullivan Road, Baton Rouge, LA, 70818
$595,200
For Sale
$595,200
3.95 acre commercial tract with redevelopment potential.
Property Size4,500 SF
Price / SF$132.27
Days on Market311
Property Features for 11237 Sullivan Road
General Information
- Standard status
- Active
- Size
- 4,500 SF
- Property subtype
- Office
Listing Agency
Lee & Associates | Baton Rouge
(225) 278-1205
Listed by
Elliott Scroggs
(225) 278-1205
Source
Lee-associates
Added: Sep 10, 2025 Checked: Jul 17 at 3:46 am
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 Lee & Associates | Baton Rouge
Investment Insights
Based on property information with market context.
This 3.95-acre tract is located in the growing area of Sullivan Road in Central Louisiana. The property includes three existing buildings, previously occupied by an accounting service and a plumbing service, totaling 4500 square feet of building space. These units can accommodate various commercial needs, including retail spaces, offices, or service-oriented businesses. The land offers opportunities for future development or expansion projects, providing long-term value and growth potential for investors. The property can be used as a rental property or for redevelopment. Central Louisiana's commercial real estate market has experienced growth driven by diverse factors, including the area's strategic location, accessibility, and evolving urban landscape, attracting businesses across sectors and fueling demand for office spaces, retail outlets, and mixed-use developments. Infrastructure investments, including transportation enhancements, have bolstered connectivity and accessibility, further stimulating commercial activity. Central Louisiana continues to experience steady commercial real estate expansion, offering opportunities for investment and development in a thriving urban environment.
Key Highlights
- 3. 95 acre tract in a growing area of Central Louisiana (Sullivan Road).
- 4500 Total SF building space consisting of 3 separate units.
- Potential for use as rental property or redevelopment.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $58.9k | $13.08 |
| − Vacancy | −$1.5k | −$0.33 |
| EGI | $57.4k | $12.75 |
| − OpEx | −$14.3k | −$3.19 |
| NOI | $43.0k | $9.56 |
4,500 SF · lease $13.08/SF/yr · vacancy 2.50% · expense 25.00%
Alternative Uses
Best Use
Retail
$1.01M
$880.1K – $1.17M
NOI $70,410 @ 7.0% cap · market cap 11.83%
Second Best
Office B
$614.9K
$538.0K – $717.4K
NOI $43,041 @ 7.0% cap · market cap 7.23%
Theoretical Best
Specialty Retail
$1.08M
$943.0K – $1.26M
NOI $75,440 @ 7.0% cap · market cap 12.67%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
D B Associates
Tax Preparation
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - 3.95 acre commercial tract with redevelopment potential.
Where is this office building located?
The property is located at 11237 Sullivan Road Baton Rouge, LA.
What is the asking price?
The asking price for this property is $595,200.
What are key features of this property?
This property features: 3. 95 acre tract in a growing area of Central Louisiana (Sullivan Road).; 4500 Total SF building space consisting of 3 separate units.; Potential for use as rental property or redevelopment.
