Versatile Commercial Property on Market
For Sale
$725,000
15006 Market St, Baton Rouge, LA 70817
Multi-use property suitable for various businesses, move-in ready.
Property Size4,279 SF
Price / SF$169.43
Days on Market510
Property Features for 15006 Market St
General Information
Standard status
Active
Size
4,279 SF
Property subtype
General Commercial
Amenities
Central Air
3
Parking.
On Site, Concrete Driveway, Lot.
Listing Agency:
Borne2Sell Realty
(225) 937-0900
Listed By:
Brianna Underwood · License #995716611
(225) 937-0900
Source:
Xome
Added: Apr 7, 2025
Changed: Aug 25
Last Checked: Aug 28 at 7:29AM
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 Borne2Sell Realty
Investment Insights
Based on property information with market context.
This 4,279 square foot, two-year-old custom-built multi-use property is zoned C2 Heavy Commercial. Currently operating as a daycare facility, the layout is adaptable to a range of uses, including professional offices, medical or wellness practices, or private suites. The interior features a waiting/reception area, eight individual rooms suitable for offices or suites, a full-size kitchen, and four bathrooms. Ample storage space and laundry hookups are available. The property is located on Market Street between Jones Creek Road and Coursey Boulevard, offering visibility and accessibility. A personal, non-shared parking lot is available for staff and clients. The property offers location, functionality, and value in a move-in-ready setting.
Key Highlights
- Versatile C2 Heavy Commercial zoning allows for a wide range of business uses.
- Nearly new (2023 construction) and move‑in‑ready condition minimizes upfront costs.
- Excellent location on Market Street provides high visibility and easy access.
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
$40,051
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
5.52%
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%
$801,020
$801.0K
Cap Rate 7%
$572,157
$572.2K
Cap Rate 9%
$445,011
$445.0K
Market Conditions
NOI Build-Up for 4,279 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
$66.8K $15.60/SF
− Vacancy
−$2.7K −$0.62/SF
EGI
$64.1K $14.98/SF
− OpEx
−$24.0K −$5.62/SF
NOI
$40.1K $9.36/SF
Area
Baton Rouge, LA
Vacancy
4.00%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
37.50%
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%
$801,020
Cap Rate 7%
$572,157
Cap Rate 9%
$445,011
Alternative Uses
Best Use
Mixed Use
$572.2K
$500.6K – $667.5K
NOI $40,051 @ 7.0% cap · market cap 5.52%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.02M
$896.7K – $1.20M
NOI $71,735 @ 7.0% cap · market cap 9.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
626
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 70817, LA
35,025
Population
14,106
Households
2.5
Avg Household Size
40
Median Age
50%
College-Educated
96%
High-School Grad
25.4 sq mi
ZIP Area
1,379
Density / Sq Mi
$102,878
Median Household Income
$58,613
Median Earnings
$1,363
Median Rent
$288,400
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Willow Learning Academy, LLC — Hickory Ridge Blvd, Baton Rouge, LA 70817
Frequently Asked Questions
What type of property is this?
Day care center - Multi-use property suitable for various businesses, move-in ready.
Where is this day care center located?
The property is located at 15006 Market St Baton Rouge, LA.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Versatile C2 Heavy Commercial zoning allows for a wide range of business uses.; Nearly new (2023 construction) and move‑in‑ready condition minimizes upfront costs.; Excellent location on Market Street provides high visibility and easy access.
