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10-Acre Mini Ranch on Plank Rd

15151 Plank Rd, Baker, LA 70714

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For Sale

$479,500

10-acre mini ranch with home, lake, and commercial potential.

Type:Commercial/Industrial

Property size:

3,060 SF

Lot size:

7.41 Acres

Price / SF:

$156/SF

We can help!

Contact an agent

Dick Brien

Real Estate License ID: 0000053138

HighLights

10‑acre mini ranch featuring a 5‑acre stocked lake (bass, brim, catfish) and a small pond.
Zoned C‑2, offering diverse commercial possibilities such as daycare, office, retail, restaurant, etc., with 500' frontage on Plank Rd.
3,000 Sq.Ft. home with a brand new roof (Feb 2023).
Includes a 1‑bedroom, 1‑bath efficiency garage apartment attached to a 20’ x 24’ garage.
Features a 2‑stall horse barn and tack room.
Located on the Northside of Baker on the West side of Plank Rd., with White Bayou as the Northern boundary.

For Sale

$479,500

10-acre mini ranch with home, lake, and commercial potential.

Type:Commercial/Industrial

Property size:

3,060 SF

Lot size:

7.41 Acres

Price / SF:

$156/SF

Added:: Jun 15, 2024
Days on Market:: 753
Last Refresh:: Jun 28 at 3:50 am

Property Features for 15151 Plank Rd

General Information

Standard status: Active
Size: 3,060 SF
Lot size: 7.41 Acres
Property subtype: Commercial/Industrial

We can help!

Contact an agent

Dick Brien

Listing office Dick Brien Real Estate, Inc

Listing date Jun 15, 2024

Source Exitrealty

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 Dick Brien Real Estate, Inc

HighLights

10‑acre mini ranch featuring a 5‑acre stocked lake (bass, brim, catfish) and a small pond.
Zoned C‑2, offering diverse commercial possibilities such as daycare, office, retail, restaurant, etc., with 500' frontage on Plank Rd.
3,000 Sq.Ft. home with a brand new roof (Feb 2023).
Includes a 1‑bedroom, 1‑bath efficiency garage apartment attached to a 20’ x 24’ garage.
Features a 2‑stall horse barn and tack room.
Located on the Northside of Baker on the West side of Plank Rd., with White Bayou as the Northern boundary.

Overview

This 10-acre property, a mini ranch, is located on the Northside of Baker, on the West side of Plank Rd. The land features large oak and magnolia trees. A 3,000 sq ft white frame home overlooks a small pond in a cypress bottom and a 5-acre, 20-foot deep lake stocked with bass, brim, and catfish. Improvements include an efficiency 1-bedroom, 1-bath garage apartment attached to a 20 ft x 24 ft garage used for storage, and a 2-stall horse barn with a tack room overlooking the cypress bottom. White Bayou forms the Northern boundary of the ranch. The property has 500 ft of frontage on Plank Rd. Zoned C-2, the property offers possibilities for future use such as a daycare, office, beauty shop, retail supply store, drugstore, catering or restaurant, grocery store, or pawn shop. The home has a new roof as of February 2023.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$53.6k	$17.52
− Vacancy	−$10.1k	−$3.31
EGI	$43.5k	$14.21
− OpEx	−$10.9k	−$3.55
NOI	$32.6k	$10.66

3,060 SF · lease $17.52/SF/yr · vacancy 18.87% · expense 25.00%

Alternative Uses

Best Use

Office B

$466.0K

$407.8K – $543.7K (±1% cap)

NOI $32,621 @ 7.0% cap · market cap 6.80%

Second Best

Specialty Retail

$449.2K

$393.1K – $524.1K (±1% cap)

NOI $31,445 @ 7.0% cap · market cap 6.56%

Theoretical Best

Office A

$631.3K

$552.4K – $736.5K (±1% cap)

NOI $44,191 @ 7.0% cap · market cap 9.22%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Commercial land

Suggested Use

Location Insight

Map
Local Demand

City: Baker
County: East Baton Rouge
State: Louisiana
Longitude: -91.1262598
Latitude: 30.5849507

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For sale
Commercial land
LA
Baker
70714
15151 Plank Rd

What type of property is this?

Commercial land - 10-acre mini ranch with home, lake, and commercial potential.

Where is this commercial land located?

The property is located at 15151 Plank Rd Baker, LA.

What is the asking price?

The asking price for this property is $479,500.

What are key features of this property?

This property features: 10‑acre mini ranch featuring a **5‑acre stocked lake** (bass, brim, catfish) and a small pond.; Zoned C‑2, offering diverse commercial possibilities such as daycare, office, retail, restaurant, etc., with 500' frontage on Plank Rd.; 3,000 Sq.Ft. home with a brand new roof (Feb 2023).