Building Details

Tenancy Multi

Listing Agency: Momentum Commercial Real Estate

Listed By: Clayton Furr Show Phone

Source: Lacdb.resimplifi

Added: Oct 4 Changed: Oct 13 Last Checked: Oct 13 at 2:37AM

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Investment Insights

Based on property information with market context.

The office property at 11307 Coursey Boulevard includes 2,014 square feet on the first floor and 5,948 square feet on the second. Existing furniture can stay in place or be removed. A co-tenant occupies the property, with a remaining lease term and low parking demand. The site is zoned C2.

Coursey Boulevard provides access to Sherwood Forest Boulevard, Airline Highway, and I-12. Retail centers, restaurants, banks, medical offices, and other everyday amenities are present in the surrounding commercial corridor of southeast Baton Rouge.

Key Highlights

• 2,014 SF available on the first floor and 5,948 SF on the second floor
• Existing furniture may remain or be removed
• C2 zoning

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$104,811

Cap Rate

5.24%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,096,220 $2.1M

Cap Rate 7%

$1,497,300 $1.5M

Cap Rate 9%

$1,164,567 $1.2M

Market Conditions

NOI Build-Up for 10,958 SF

Gross rent

$143.3K $13.08/SF

− Vacancy

−$3.6K −$0.33/SF

EGI

$139.7K $12.75/SF

− OpEx

−$34.9K −$3.19/SF

NOI

$104.8K $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%

$2,096,220

Cap Rate 7%

$1,497,300

Cap Rate 9%

$1,164,567

Alternative Uses

Best Use

Office B

$1.50M

$1.31M – $1.75M (±1% cap)

NOI $104,811 @ 7.0% cap · market cap 5.24%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$2.62M

$2.30M – $3.06M (±1% cap)

NOI $183,704 @ 7.0% cap · market cap 9.19%

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

Property Analytics

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Current Use

b1BANK Bank

Suggested Use

Top Pick Hotel & Motel Kitchen & Bath Showroom Garden Center Big Box & Wholesale Store Grocery & Convenience Store Building Supply

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

Lease Details

Multi-tenant

Tenancy

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

1,666

Businesses Nearby

Explore this area Business Placement

Demographics for 70816, LA

45,232

Population

21,024

Households

2.2

Avg Household Size

34

Median Age

36%

College-Educated

94%

High-School Grad

16.3 sq mi

ZIP Area

2,775

Density / Sq Mi

$65,894

Median Household Income

$39,344

Median Earnings

$1,155

Median Rent

$232,300

Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

Questions? Ask Rey

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What type of property is this? Where is this office buildings located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Office building - Available space spans both floors, and existing furniture may remain or be removed.

Where is this office building located?

The property is located at 11307 Coursey Blvd Baton Rouge, LA.

What is the asking price?

The asking price for this property is $2,000,000.

What are key features of this property?

This property features: 2,014 SF available on the first floor and 5,948 SF on the second floor; Existing furniture may remain or be removed; C2 zoning