Renovated 44-Unit Apartment
For Sale
$3,490,000
11352 Bard Ave, Baton Rouge, LA 70815
Renovated 44-unit complex with 40 one-bedroom and 4 two-bedroom apartments on 1.26 acres.
Property Size26,458 SF
Lot Size1.26 Acres
Price / SF$131.91
Days on Market52
Property Features for 11352 Bard Ave
General Information
Standard status
Active
Size
26,458 SF
Lot size
1.26 Acres
Additional Details
Highway Access
Yes
Multifamily Units
44
Building Details
Year Built
1984
Tenancy
Multi
Listing Agency:
K Company Realty
Listed By:
Kimberly Doughty
Source:
Dominionplace
Added: Jul 25
Changed: Sep 8
Last Checked: Sep 13 at 4:27PM
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 K Company Realty
Investment Insights
Based on property information with market context.
Renovated 44-unit multifamily apartment complex featuring 40 one-bedroom units and 4 two-bedroom units. The property is described as well-maintained and designed to minimize immediate capital improvement needs, offering a turnkey option for an incoming owner.
The community is located at 11352 BARD Avenue in Baton Rouge, Louisiana, and sits on 1.26 acres. The property is in Flood Zone X.
From a practical unit-mix standpoint, the combination of one- and two-bedroom apartments supports a diversified residential offering within a single property footprint.
The community is located at 11352 BARD Avenue in Baton Rouge, Louisiana, and sits on 1.26 acres. The property is in Flood Zone X.
From a practical unit-mix standpoint, the combination of one- and two-bedroom apartments supports a diversified residential offering within a single property footprint.
Key Highlights
- Renovated 44‑unit multifamily apartment complex in Baton Rouge
- Unit mix includes 40 one‑bedroom units and 4 two‑bedroom units
- Situated on 1.26 acres
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$242,253
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.94%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,845,060
$4.8M
Cap Rate 7%
$3,460,757
$3.5M
Cap Rate 9%
$2,691,700
$2.7M
Market Conditions
NOI Build-Up for 26,458 SF
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.
Gross rent
$463.5K $17.52/SF
− Vacancy
−$23.1K −$0.87/SF
EGI
$440.5K $16.65/SF
− OpEx
−$198.2K −$7.49/SF
NOI
$242.3K $9.16/SF
Area
Baton Rouge, LA
Vacancy
4.98%
Lease Rate
$17.52 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,845,060
Cap Rate 7%
$3,460,757
Cap Rate 9%
$2,691,700
Alternative Uses
Best Use
Apartment 5plus
$3.46M
$3.03M – $4.04M
NOI $242,253 @ 7.0% cap · market cap 6.94%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$6.34M
$5.54M – $7.39M
NOI $443,552 @ 7.0% cap · market cap 12.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
44
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
563
Businesses Nearby
Explore this area
Business Placement
Demographics for 70815, LA
29,376
Population
12,060
Households
2.4
Avg Household Size
37
Median Age
30%
College-Educated
86%
High-School Grad
9.5 sq mi
ZIP Area
3,092
Density / Sq Mi
$55,804
Median Household Income
$36,158
Median Earnings
$984
Median Rent
$213,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Renovated 44-unit complex with 40 one-bedroom and 4 two-bedroom apartments on 1.26 acres.
Where is this apartment building located?
The property is located at 11352 Bard Ave Baton Rouge, LA.
What is the asking price?
The asking price for this property is $3,490,000.
What are key features of this property?
This property features: Renovated 44‑unit multifamily apartment complex in Baton Rouge; Unit mix includes 40 one‑bedroom units and 4 two‑bedroom units; Situated on 1.26 acres
