Sullivan Road Commercial
For Sale
$595,200
11237 Sullivan Road, Baton Rouge, LA 70818
3.95 acre commercial tract with redevelopment potential.
Property Size4,500 SF
Price / SF$132.27
Days on Market402
Property Features for 11237 Sullivan Road
General Information
Standard status
Active
Size
4,500 SF
Class
B
Property subtype
Office
Building Details
Building Size
4,500 SF
Listing Agency:
Lee & Associates Louisiana
Listed By:
Elliott Scroggs
(225) 278-1205
Source:
Lee-associates
Added: Sep 10, 2025
Changed: Oct 8
Last Checked: Oct 16 at 6:15AM
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 Louisiana
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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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,041
Cap Rate
7.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$860,820
$860.8K
Cap Rate 7%
$614,871
$614.9K
Cap Rate 9%
$478,233
$478.2K
Market Conditions
NOI Build-Up for 4,500 SF
Gross rent
$58.9K $13.08/SF
− Vacancy
−$1.5K −$0.33/SF
EGI
$57.4K $12.75/SF
− OpEx
−$14.3K −$3.19/SF
NOI
$43.0K $9.56/SF
Area
Baton Rouge, LA
Vacancy
2.50%
Lease Rate
$13.08 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$860,820
Cap Rate 7%
$614,871
Cap Rate 9%
$478,233
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 authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
364
Businesses Nearby
Explore this area
Business Placement
Demographics for 70818, LA
10,492
Population
4,358
Households
2.4
Avg Household Size
40
Median Age
36%
College-Educated
96%
High-School Grad
14.8 sq mi
ZIP Area
709
Density / Sq Mi
$77,262
Median Household Income
$49,741
Median Earnings
$1,353
Median Rent
$255,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
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.
