Warehouse Units For
For Sale
Contact for pricing
Pending
10242 Patriot Drive, Baton Rouge, LA 70816
Seven warehouse units available for lease, suitable for storage.
Property Size8,990 SF
Days on Market552
Property Features for 10242 Patriot Drive
General Information
Standard status
Pending
Size
8,990 SF
Property subtype
Industrial
Zoning
C2
Building Details
Buildings
3
Stories
1
Tenancy
Multi
Listing Agency:
Stirling Properties Baton Rouge
Listed By:
W. Foster Murphy · License #LA SALE.0995688217-ACT
Source:
Crexi
Added: Feb 28, 2025
Changed: Aug 27
Last Checked: Sep 1 at 10:52PM
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 Stirling Properties Baton Rouge
Investment Insights
Based on property information with market context.
The property at 10242 Patriot Drive features seven warehouse units available for lease. These units are suitable for storing equipment, materials, supplies, boats, ATVs, and trailers away from homes or offices. Each unit is wired for electricity and stubbed out for plumbing, allowing tenants to install a bathroom if desired. The property is classified as a commercial real estate offering, encompassing warehouses and industrial properties. The total property size is 8990 square feet.
Key Highlights
- Seven warehouse units available for lease.
- Ideal for storing equipment, materials, boats, ATVs, and trailers.
- Wired for electricity.
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
$72,797
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
6.48%
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%
$1,455,940
$1.5M
Cap Rate 7%
$1,039,957
$1.0M
Cap Rate 9%
$808,856
$808.9K
Market Conditions
NOI Build-Up for 8,990 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
$87.4K $9.72/SF
− Vacancy
−$1.7K −$0.19/SF
EGI
$85.6K $9.53/SF
− OpEx
−$12.8K −$1.43/SF
NOI
$72.8K $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 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%
$1,455,940
Cap Rate 7%
$1,039,957
Cap Rate 9%
$808,856
Alternative Uses
Best Use
Warehouse
$1.04M
$910.0K – $1.21M
NOI $72,797 @ 7.0% cap · market cap 6.48%
Second Best
Industrial
$856.4K
$749.4K – $999.2K
NOI $59,951 @ 7.0% cap · market cap 5.33%
Theoretical Best
Specialty Retail
$2.15M
$1.88M – $2.51M
NOI $150,712 @ 7.0% cap · market cap 13.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
993
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 70816, LA
45,232
Population
21,024
Households
2.2
Avg Household Size
34
Median Age
36%
College-Educated
94%
High-School Grad
16.3 sq mi
ZIP Area
2,775
Density / Sq Mi
$65,894
Median Household Income
$39,344
Median Earnings
$1,155
Median Rent
$232,300
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - Seven warehouse units available for lease, suitable for storage.
Where is this warehouse located?
The property is located at 10242 Patriot Drive Baton Rouge, LA.
What is the asking price?
The asking price for this property is $1,123,750.
What are key features of this property?
This property features: Seven warehouse units available for lease.; Ideal for storing equipment, materials, boats, ATVs, and trailers.; Wired for electricity.
