Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    11311 Florida Blvd Baton Rouge, LA 70815

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Convenience store at Florida Blvd. and Sherwood Forest Blvd.

    Property size:
    6,148 SF
    Lot size:
    1.00 Acre

    Property Features for 11311 Florida Blvd

    General Information

    Standard status
    Active
    Size
    6,148 SF
    Lot size
    1.00 Acre

    Building Details

    Year built
    2026

    We can help!

    Listing Contact
    Tom Maraist
    Tom Maraist
    Source: Crexi

    Listing Agency: 7 South Commercial Real Estate, LLC Listing Agent: Tom Maraist

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Upcoming Store at High-Traffic Intersection

    The Wellcome Country Store & Smokehouse is an upcoming convenience store located at the intersection of Florida Blvd. and Sherwood Forest Blvd. in Baton Rouge, LA. The 6148 SF building is situated on a 1-acre hard corner lot. The property is located on a busy commuter route surrounded by residential, retail, and light industrial neighborhoods. The location experiences high traffic, with 30,000 vehicles passing by on Florida and 11,000 on Sherwood daily. The property is estimated to perform at 120K gal/mo. and $220K/mo. in inside sales. Completion is scheduled for July 2026.
    Location Intelligence

    Current Use by Public Records

    ATM (Regions Bank) Atm

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Asian Supermarket, La Patrona Supermarket

    Location Insight

    • Map
    • Local Demand
    City
    Baton Rouge
    County
    East Baton Rouge
    State
    Louisiana
    Longitude
    -91.057781
    Latitude
    30.4597463

    Nearby Similar for Sale

    • $300,000
      4,000 SF

      Income-Producing Commercial Property Near University

      High-traffic commercial property with two renovated, occupied suites.
      8416-8418 Scotland Ave, Baton Rouge, LA 70807
      View Details
    • $490,000
      4,480 SF

      Baton Rouge Commercial Corner Lot

      4,480 sq ft commercial property with high visibility.
      2377 N Flannery Rd, Baton Rouge, LA 70814
      View Details
    • New
      $375,000
      2,369 SF

      Renovated Office Building For Sale

      Fully renovated office building with high visibility and ample parking.
      7450 Antioch Rd, Baton Rouge, LA 70817
      View Details
    • $580,000
      3,107 SF

      Updated Historical Property in Baton Rouge

      Commercial property with private entrance, parking, and large unfinished basement.
      2340 Government St, Baton Rouge, LA 70806
      View Details
    • $989,000
      1.16 Acres

      Baton Rouge Retail Investment Opportunity

      14,256 sqft neighborhood center in high-traffic corridor for sale.
      1962 O'neal Ln, Baton Rouge, LA 70816
      View Details
    • $595,000
      5,600 SF

      Under Construction Apartment Complex

      Seven-unit apartment complex near Southern University, an investor opportunity.
      1060 Swan Ave, Baton Rouge, LA 70807
      View Details
    • $120,000
      1,100 SF

      Retail/Service Suite Near Aveda Institute

      1,100 sq ft retail/service suite in high-traffic location.
      2834 S Sherwood Forest Blvd, Baton Rouge, LA 70816
      View Details
    • $570,000
      12,589 SF

      Baton Rouge Warehouse Mechanic Shop

      12,589 sqft warehouse on 0.29 acres in Baton Rouge.
      5643 Greenwell Springs Rd, Baton Rouge, LA 70806
      View Details
    • $450,000
      4,800 SF

      Daycare Facility Near LSU

      Versatile commercial property, ideal for daycare or learning center.
      420 N Acadian Thwy, Baton Rouge, LA 70806
      View Details
    • $475,000
      18,841 SF

      Baton Rouge Medical/Office Building

      Turnkey medical/office building near Amazon facility with renovation potential.
      5353 Florida Blvd, Baton Rouge, LA 70806
      View Details
    • $60,000
      2,000 SF

      Baton Rouge Commercial Opportunity

      Flexible commercial property suited for church, entertainment, or recreation.
      3640 Osceola St, Baton Rouge, LA 70805
      View Details
    • $395,000
      3,800 SF

      Baton Rouge Quadruplex For Sale

      Baton Rouge quadplex with 2-bed, 2-bath units. Great investment!
      934 Hammond Manor Dr, Baton Rouge, LA 70816
      View Details

    FAQs

    What type of property is this?
    Grocery and convenience store - Convenience store at Florida Blvd. and Sherwood Forest Blvd.
    Where is this grocery and convenience store located?
    The property is located at 11311 Florida Blvd Baton Rouge, LA.
    What are key features of this property?
    This property features: - Prime hard corner location at Florida Blvd. and Sherwood Forest Blvd.; - High-traffic area with 30,000 vehicles per day on Florida Blvd. and 11,000 on Sherwood Forest Blvd.; - Projected performance of **120,000 gallons per month in fuel sales and $220,000 per month in inside sales.**
    (225) 200-4180
    Request Owner's contact information
    11311 Florida Blvd Baton Rouge, LA 70815
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    11311 Florida Blvd
    Baton Rouge, LA 70815
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    11311 Florida Blvd Baton Rouge, LA 70815
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Tom Maraist
    Tom Maraist
    Real Estate License ID: BROK.995708678
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!