Multi-Tenant Industrial Office
For Sale
$1,550,000
11724 Industriplex Blvd, Baton Rouge, LA 70809
Two-building, seven-suite industrial and office property with frontage along Industriplex Blvd, parking, and available signage.
Property Size20,865 SF
Price / SF$74.29
Days on Market109
Property Features for 11724 Industriplex Blvd
General Information
Standard status
Active
Size
20,865 SF
Property subtype
Industrial
Zoning
M1
Occupancy
100%
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Office Units
7
Building Details
Building Size
20,865 SF
Stories
2
Tenancy
Multi
Listing Agency:
Elifin Realty
Listed By:
Alex Ruch · License #995714093
(225) 485-0238
Source:
Elifinrealty
Added: May 20
Changed: Sep 4
Last Checked: Jul 26 at 7:46AM
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 Elifin Realty
Investment Insights
Based on property information with market context.
Now for sale, 11724 Industriplex Blvd is a multi-tenant industrial/office property totaling 120,865 square feet across two buildings. The site is configured as seven suites, and all suites are currently occupied. The two-story property provides 160 feet of frontage along Industriplex Blvd and offers ample on-site parking and signage availability.
The property is zoned M1 for Light Industrial. Access is provided to major transportation routes, including proximity to Airline Hwy, Siegen Ln, and I-10, with travel times noted as approximately 2, 4, and 5 minutes respectively.
As a multi-suite offering, the asset provides diversified income streams designed to help mitigate vacancy risk while maintaining operational flexibility across the two buildings.
The property is zoned M1 for Light Industrial. Access is provided to major transportation routes, including proximity to Airline Hwy, Siegen Ln, and I-10, with travel times noted as approximately 2, 4, and 5 minutes respectively.
As a multi-suite offering, the asset provides diversified income streams designed to help mitigate vacancy risk while maintaining operational flexibility across the two buildings.
Key Highlights
- Two‑building, 20,865 SF multi‑tenant industrial/office property with seven suites
- All seven suites are currently occupied, providing diversified income streams
- 160 ft of frontage along Industriplex Blvd, with ample on‑site parking and signage availability
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
$139,140
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
8.98%
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%
$2,782,800
$2.8M
Cap Rate 7%
$1,987,714
$2.0M
Cap Rate 9%
$1,546,000
$1.5M
Market Conditions
NOI Build-Up for 20,865 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
$202.8K $9.72/SF
− Vacancy
−$4.0K −$0.19/SF
EGI
$198.8K $9.53/SF
− OpEx
−$59.6K −$2.86/SF
NOI
$139.1K $6.67/SF
Area
Baton Rouge, LA
Vacancy
1.99%
Lease Rate
$9.72 /SF/Yr
Expense Ratio
30.00%
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%
$2,782,800
Cap Rate 7%
$1,987,714
Cap Rate 9%
$1,546,000
Alternative Uses
Best Use
Office B
$2.85M
$2.49M – $3.33M
NOI $199,569 @ 7.0% cap · market cap 12.88%
Second Best
Industrial
$1.99M
$1.74M – $2.32M
NOI $139,140 @ 7.0% cap · market cap 8.98%
Theoretical Best
Specialty Retail
$5.00M
$4.37M – $5.83M
NOI $349,788 @ 7.0% cap · market cap 22.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
7
Office units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,283
Businesses Nearby
Well-served
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-building, seven-suite industrial and office property with frontage along Industriplex Blvd, parking, and available signage.
Where is this flex space located?
The property is located at 11724 Industriplex Blvd Baton Rouge, LA.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: Two‑building, 20,865 SF multi‑tenant industrial/office property with seven suites; All seven suites are currently occupied, providing diversified income streams; 160 ft of frontage along Industriplex Blvd, with ample on‑site parking and signage availability
