Industrial Flex Building with
For Sale
$750,000
11950 Richcroft Ave, Baton Rouge, LA 70814
M1-zoned property combines office and warehouse areas with an on-site laydown yard and an in-place leaseback arrangement.
Property Size8,000 SF
Lot Size0.90 Acres
Price / SF$93.75
Days on Market171
Property Features for 11950 Richcroft Ave
General Information
Standard status
Active
Size
8,000 SF
Lot size
0.90 Acres
Property subtype
Industrial
Zoning
M1
Site & Location
Road Access
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Warehouse Space
6,400 SF
Office Build-Out
1,600 SF
Additional Details
Cap Rate
8%
Building Details
Building Size
8,000 SF
Tenancy
Single
Listing Agency:
Elifin Realty
Listed By:
Alex Ruch · License #995714093
(225) 485-0238
Source:
Lacdb.resimplifi
Added: Apr 29
Changed: Oct 2
Last Checked: Oct 16 at 5:52AM
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
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Investment Insights
Based on property information with market context.
This M1-zoned flex property contains approximately 8,000 SF, including 1,600 SF of office space and 6,400 SF configured for warehouse use. The improvements sit on approximately 0.9 acres and include a functional laydown yard suited to industrial operations. A regional commercial roofing company occupies the property under a five-year sale-leaseback, providing an existing occupancy and lease structure.
The property is located at 11950 Richcroft Ave in Baton Rouge, Louisiana, just off S Choctaw Dr and within an established industrial corridor. Its combination of office, warehouse, and yard components supports a practical flex-industrial configuration.
The property is located at 11950 Richcroft Ave in Baton Rouge, Louisiana, just off S Choctaw Dr and within an established industrial corridor. Its combination of office, warehouse, and yard components supports a practical flex-industrial configuration.
Key Highlights
- ±8,000 SF industrial flex property on a ±0.9‑acre site
- Includes ±1,600 SF of office space and ±6,400 SF of warehouse space
- Functional laydown yard supports outdoor storage and industrial operations
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$64,781
Cap Rate
8.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,295,620
$1.3M
Cap Rate 7%
$925,443
$925.4K
Cap Rate 9%
$719,789
$719.8K
Market Conditions
NOI Build-Up for 8,000 SF
Gross rent
$77.8K $9.72/SF
− Vacancy
−$1.5K −$0.19/SF
EGI
$76.2K $9.53/SF
− OpEx
−$11.4K −$1.43/SF
NOI
$64.8K $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 Rate 5%
$1,295,620
Cap Rate 7%
$925,443
Cap Rate 9%
$719,789
Alternative Uses
Best Use
Warehouse
$925.4K
$809.8K – $1.08M
NOI $64,781 @ 7.0% cap · market cap 8.64%
Second Best
Industrial
$762.1K
$666.9K – $889.2K
NOI $53,349 @ 7.0% cap · market cap 7.11%
Theoretical Best
Specialty Retail
$1.92M
$1.68M – $2.24M
NOI $134,115 @ 7.0% cap · market cap 17.88%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
330
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 70814, LA
14,061
Population
5,126
Households
2.7
Avg Household Size
37
Median Age
19%
College-Educated
92%
High-School Grad
8.9 sq mi
ZIP Area
1,580
Density / Sq Mi
$53,280
Median Household Income
$36,031
Median Earnings
$1,064
Median Rent
$181,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - M1-zoned property combines office and warehouse areas with an on-site laydown yard and an in-place leaseback arrangement.
Where is this flex space located?
The property is located at 11950 Richcroft Ave Baton Rouge, LA.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: ±8,000 SF industrial flex property on a ±0.9‑acre site; Includes ±1,600 SF of office space and ±6,400 SF of warehouse space; Functional laydown yard supports outdoor storage and industrial operations
