Industriplex Flex Space For
For Sale
$1,010,000
11711 Sun Belt Court, Baton Rouge, LA 70809
Two-story office warehouse with stabilized yard in premier business park.
Property Size11,456 SF
Price / SF$88.16
Days on Market281
Property Features for 11711 Sun Belt Court
General Information
Standard status
Active
Size
11,456 SF
Property subtype
Office Warehouse
Building Details
Building Size
11,456 SF
Listing Agency:
(225) 413-1195
Listed By:
Bobby Smith, CCIM
(225) 413-1195
Source:
Naiglobal
Added: Nov 21, 2025
Changed: Aug 23
Last Checked: Aug 28 at 8:15AM
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 Bobby Smith, CCIM
Investment Insights
Based on property information with market context.
This two-story office warehouse, located at 11711 Sun Belt Court in the Industriplex subdivision of Baton Rouge, offers a total of 11,456 square feet of flex space. The property is situated in Baton Rouge's premier business park and provides convenient access to Interstate 10, Siegen Lane, and Airline Highway. The building features approximately 5,642 square feet of warehouse space (49%) and approximately 5,814 square feet of office space (51%). The warehouse area includes a 20-foot clear height, a 56-foot clear span, and three grade-level roll-up doors, along with one grade-level overhead door. An uncovered loading dock at the rear of the warehouse connects to another roll-up door. The property also includes an approximately 0.3-acre stabilized yard at the rear, which is fenced and gated. The office space spans two stories, with the potential to lease out the second story for additional income. The property is located in Flood Zone AE.
Key Highlights
- Located in Industriplex, Baton Rouge's premier business park, with easy access to major transportation routes.
- Balanced flex space: ±5,814 SF of office space and ±5,642 SF of warehouse space.
- Warehouse features: 20' clear height, 56' clear span, and multiple grade‑level doors plus a loading dock.
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
$92,766
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
9.18%
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%
$1,855,320
$1.9M
Cap Rate 7%
$1,325,229
$1.3M
Cap Rate 9%
$1,030,733
$1.0M
Market Conditions
NOI Build-Up for 11,456 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
$111.4K $9.72/SF
− Vacancy
−$2.2K −$0.19/SF
EGI
$109.1K $9.53/SF
− OpEx
−$16.4K −$1.43/SF
NOI
$92.8K $8.10/SF
Area
Baton Rouge, LA
Vacancy
1.99%
Lease Rate
$9.72 /SF/Yr
Expense Ratio
15.00%
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%
$1,855,320
Cap Rate 7%
$1,325,229
Cap Rate 9%
$1,030,733
Alternative Uses
Best Use
Office B
$1.57M
$1.37M – $1.83M
NOI $109,574 @ 7.0% cap · market cap 10.85%
Second Best
Warehouse
$1.33M
$1.16M – $1.55M
NOI $92,766 @ 7.0% cap · market cap 9.18%
Theoretical Best
Specialty Retail
$2.74M
$2.40M – $3.20M
NOI $192,053 @ 7.0% cap · market cap 19.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,339
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 70809, LA
25,302
Population
13,872
Households
1.8
Avg Household Size
40
Median Age
55%
College-Educated
97%
High-School Grad
14.4 sq mi
ZIP Area
1,757
Density / Sq Mi
$81,310
Median Household Income
$55,827
Median Earnings
$1,336
Median Rent
$305,900
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- MF Good Catering LLC — 6721 Exchequer Dr, Baton Rouge, LA 70809
- Firehouse Subs Siegen Lane — 6555 Siegen Ln STE 9, Baton Rouge, LA 70809
Frequently Asked Questions
What type of property is this?
Flex space - Two-story office warehouse with stabilized yard in premier business park.
Where is this flex space located?
The property is located at 11711 Sun Belt Court Baton Rouge, LA.
What is the asking price?
The asking price for this property is $1,010,000.
What are key features of this property?
This property features: Located in Industriplex, Baton Rouge's premier business park, with easy access to major transportation routes.; Balanced flex space: **±5,814 SF of office space** and ±5,642 SF of warehouse space.; Warehouse features: **20' clear height**, 56' clear span, and multiple grade‑level doors plus a loading dock.
