Office/Warehouse in Premier Industrial
For Sale
Contact for pricing
11800 Industriplex Blvd, Baton Rouge, LA 70809
13,000 SF office/warehouse with 3-phase power and docks.
Property Size13,000 SF
Price / SF$120
Days on Market679
Property Features for 11800 Industriplex Blvd
General Information
Standard status
Active
Size
13,000 SF
Class
C
Property subtype
Industrial
Zoning
M-1 (LIGHT INDUSTRIAL)
Building Details
Buildings
1
Stories
1
Units
2
Listing Agency:
Saurage Rotenberg Commercial Real Estate
(225) 766-0000
Listed By:
Brian Nicolich · License #LA 995695629
Source:
Crexi
Added: Sep 30, 2024
Changed: Aug 8
Last Checked: May 12 at 8:23PM
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 Saurage Rotenberg Commercial Real Estate
Investment Insights
Based on property information with market context.
This 13,000 square foot office/warehouse is located in a premier industrial area. The property features 7,754 square feet of office space and 5,246 square feet of warehouse space. It includes 3-phase electrical power, 4 docks, and a 16-foot eave height. The building is equipped with wet sprinklers and constructed with tilt wall concrete. There are 3 restrooms. The property is conveniently located between Airline Highway, I-10, Siegen Lane, and Pecue Lane. It is zoned M-1 (Light Industrial).
Key Highlights
- Premier industrial area location
- 13,000 SF total, featuring 7,754 SF of office space and 5,246 SF of warehouse space
- Benefit from 4 docks and 3‑phase electrical
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
$124,342
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
7.97%
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%
$2,486,840
$2.5M
Cap Rate 7%
$1,776,314
$1.8M
Cap Rate 9%
$1,381,578
$1.4M
Market Conditions
NOI Build-Up for 13,000 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
$170.0K $13.08/SF
− Vacancy
−$4.3K −$0.33/SF
EGI
$165.8K $12.75/SF
− OpEx
−$41.4K −$3.19/SF
NOI
$124.3K $9.56/SF
Area
Baton Rouge, LA
Vacancy
2.50%
Lease Rate
$13.08 /SF/Yr
Expense Ratio
25.00%
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%
$2,486,840
Cap Rate 7%
$1,776,314
Cap Rate 9%
$1,381,578
Alternative Uses
Best Use
Office B
$1.78M
$1.55M – $2.07M
NOI $124,342 @ 7.0% cap · market cap 7.97%
Second Best
Warehouse
$1.50M
$1.32M – $1.75M
NOI $105,269 @ 7.0% cap · market cap 6.75%
Theoretical Best
Specialty Retail
$3.11M
$2.72M – $3.63M
NOI $217,937 @ 7.0% cap · market cap 13.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
997
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
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Similar Off Market Nearby
- Cristal Self Storage Facility — 11632 Industriplex Blvd, Baton Rouge, LA 70809
- Exchequer Storage Facility — 7150 Exchequer Dr, Baton Rouge, LA 70809
- Pecue Storage Units — 7150 Pecue Ln, Baton Rouge, LA 70817
- Sonic Self Storage Unit Facility — 6678 Siegen Ln, Baton Rouge, LA 70809
- The Storage Center — 12340 Industriplex Blvd, Baton Rouge, LA 70809
Frequently Asked Questions
What type of property is this?
Warehouse - 13,000 SF office/warehouse with 3-phase power and docks.
Where is this warehouse located?
The property is located at 11800 Industriplex Blvd Baton Rouge, LA.
What is the asking price?
The asking price for this property is $1,560,000.
What are key features of this property?
This property features: Premier industrial area location; 13,000 SF total, featuring 7,754 SF of office space and 5,246 SF of warehouse space; Benefit from 4 docks and 3‑phase electrical
