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    11346 Pennywood Avenue Baton Rouge Baton Rouge, LA 70809

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    For Lease
    $11 SF/Yr

    Recently updated office warehouse in Cloverland, Baton Rouge available for lease.

    Type:Industrial
    Property size:
    5,000 SF
    Added:
    Sep 25, 2025
    Days on Market:
    191
    Last Refresh:
    Apr 1 at 9:44 pm

    Property Features for 11346 Pennywood Avenue Baton Rouge

    General Information

    Standard status
    Active
    Size
    5,000 SF
    Property subtype
    Industrial

    Building Details

    Year Built
    1985

    Spaces For Lease

    at 11346 Pennywood Avenue Baton Rouge Contact us

    We can help!

    Listing Contact
    Evan Scroggs, SIOR, CCIM
    Evan Scroggs, SIOR, CCIM

    Listing agent Evan Scroggs, SIOR, CCIM License #LA #995712516

    Listing office Lee & Associates - Baton Rouge

    Listing date Sep 25, 2025

    Source Lee-associates

    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

    Overview

    Cloverland Office Warehouse For Lease

    This recently updated office warehouse is available for lease in the Cloverland Subdivision of Baton Rouge. The property offers 5,000 square feet of space, including 2,000 square feet of office space and 3,000 square feet of warehouse space. The building can be configured into two separate suites or used as a single unit. Situated on the corner of Pennywood Avenue and Fieldstone Drive, the property provides access to both streets. It features 13 parking spaces and a fenced yard area in the rear. The property also has a new HVAC system. The Cloverland Subdivision is an established business park in south Baton Rouge, located between Siegen Lane, Airline Highway, and Industriplex Boulevard. The location provides excellent access to I-10 and I-12. The corner lot offers side load access.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Ronnie Howard Construction Construction Company Makaira Design + Build Landscaping

    Suggested Use

    Restaurant Real Estate Agency Law Firm Dental Office Spa & Massage Center Building Supply Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

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

    Similar Places Nearby

    • Cristal Self Storage Facility — 11632 Industriplex Blvd, Baton Rouge, LA 70809
    • Pecue Storage Units — 7150 Pecue Ln, Baton Rouge, LA 70817
    • Near2Me Storage Units — 6555 Siegen Ln, Baton Rouge, LA 70809
    • Sonic Self Storage Unit Facility — 6678 Siegen Ln, Baton Rouge, LA 70809
    • The Storage Center — 12340 Industriplex Blvd, Baton Rouge, LA 70809

    Location Insight

    • Map
    • Local Demand
    City
    Baton Rouge
    County
    East Baton Rouge
    State
    Louisiana
    Longitude
    -91.0549
    Latitude
    30.3917

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    FAQs

    What type of property is this?
    Warehouse - Recently updated office warehouse in Cloverland, Baton Rouge available for lease.
    Where is this warehouse located?
    The property is located at 11346 Pennywood Avenue Baton Rouge Baton Rouge, LA.
    What is the lease rate?
    The lease rate is $11 SF/Yr.
    What are key features of this property?
    This property features: Excellent access to I‑10 and I‑12; Recently updated office space; 3,000 SF of Warehouse and 2,000 SF of Office
    (225) 427-9240
    We can help!
    Listing Contact
    Evan Scroggs, SIOR, CCIM
    Evan Scroggs, SIOR, CCIM
    Real Estate License ID: LA #995712516
    Learn More
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    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
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