Former Bank Branch
For Sale
$2,329,000
7346 Highland Rd, Baton Rouge, LA 70808
Freestanding bank branch on Highland Road, built in 2003 and zoned C1.
Property Size4,658 SF
Lot Size1.10 Acres
Price / SF$500
Days on Market32
Property Features for 7346 Highland Rd
General Information
Standard status
Active
Size
4,658 SF
Lot size
1.10 Acres
Property subtype
Retail
Zoning
C1
Building Details
Year Built
2003
Listing Agency:
Beau Box Commercial Real Estate Baton Rouge
(225) 333-9807
Listed By:
Cade Bogan · License #0995693088
(225) 333-9807
Source:
Beaubox
Added: Jul 12
Changed: Jul 13
Last Checked: Aug 11 at 6:21AM
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 Beau Box Commercial Real Estate Baton Rouge
Investment Insights
Based on property information with market context.
This former free-standing bank branch offers a 4,658 SF building constructed in 2003. The property sits on approximately 1.101 acres and is zoned C1. It is noted as being located in Flood Zone X.
The building is positioned on the south side of Highland Road, across from Superior Grill and Matherne's Market, and just west of the Highland Road and Kenilworth Parkway T-intersection.
The asset is well-suited for light commercial use based on its C1 zoning and existing freestanding structure.
The building is positioned on the south side of Highland Road, across from Superior Grill and Matherne's Market, and just west of the Highland Road and Kenilworth Parkway T-intersection.
The asset is well-suited for light commercial use based on its C1 zoning and existing freestanding structure.
Key Highlights
- Freestanding 4,658 SF bank branch built in 2003
- Zoned C1 for light commercial use
- Located on Highland Rd (south side), across from Superior Grill and Matherne's Market
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
$78,088
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
3.35%
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%
$1,561,760
$1.6M
Cap Rate 7%
$1,115,543
$1.1M
Cap Rate 9%
$867,644
$867.6K
Market Conditions
NOI Build-Up for 4,658 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
$104.5K $22.44/SF
− Vacancy
−$408 −$0.09/SF
EGI
$104.1K $22.35/SF
− OpEx
−$26.0K −$5.59/SF
NOI
$78.1K $16.76/SF
Area
Baton Rouge, LA
Vacancy
0.39%
Lease Rate
$22.44 /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%
$1,561,760
Cap Rate 7%
$1,115,543
Cap Rate 9%
$867,644
Alternative Uses
Best Use
Specialty Retail
$1.12M
$976.1K – $1.30M
NOI $78,088 @ 7.0% cap · market cap 3.35%
Second Best
Retail
$1.04M
$911.0K – $1.21M
NOI $72,883 @ 7.0% cap · market cap 3.13%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
399
Businesses Nearby
348k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 55%
Groceries 26%
Shops & Services 19%
Rouses Market
Groceries
52,070 visits/mo
0.4 miles
Chick-fil-A
Dining
41,715 visits/mo
0.4 miles
Murphy USA
Shops & Services
40,042 visits/mo
0.3 miles
Walmart Neighborhood Market
Groceries
37,675 visits/mo
0.1 miles
McDonald's
Dining
30,352 visits/mo
0.4 miles
Demographics for 70808, LA
32,510
Population
18,833
Households
1.7
Avg Household Size
35
Median Age
65%
College-Educated
97%
High-School Grad
12.0 sq mi
ZIP Area
2,709
Density / Sq Mi
$69,078
Median Household Income
$41,162
Median Earnings
$1,283
Median Rent
$392,600
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Bank - Freestanding bank branch on Highland Road, built in 2003 and zoned C1.
Where is this bank located?
The property is located at 7346 Highland Rd Baton Rouge, LA.
What is the asking price?
The asking price for this property is $2,329,000.
What are key features of this property?
This property features: Freestanding 4,658 SF bank branch built in 2003; Zoned C1 for light commercial use; Located on Highland Rd (south side), across from Superior Grill and Matherne's Market
