Flex Office and Rear
For Sale
$625,000
1514 Cottondale Dr, Baton Rouge, LA 70815
Built-out veterinary office is readily convertible, with additional warehouse space in the rear and dedicated off-street parking.
Property Size8,600 SF
Days on Market81
Property Features for 1514 Cottondale Dr
General Information
Standard status
Active
Size
8,600 SF
Property subtype
Industrial
Additional Details
Highway Access
Yes
Amenities
dedicated off-street parking
signage
Building Details
Building Size
8,600 SF
Listing Agency:
Elifin Realty
(225) 485-0238
Listed By:
Alex Ruch
Source:
Elifinrealty
Added: Jun 3
Changed: Aug 8
Last Checked: Aug 21 at 5:40AM
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
Investment Insights
Based on property information with market context.
The property features a fully built-out veterinary office area that can be readily converted for various office uses. A warehouse space is located in the rear, creating a flexible office-and-industrial configuration suitable for mixed use within the on-site layout.
The site is located in a quiet business park about 1,500 feet off Airline Hwy, with approximately 3–4 minutes access to major routes including Florida Blvd and I-12. The property also includes off-street parking and signage.
The site is located in a quiet business park about 1,500 feet off Airline Hwy, with approximately 3–4 minutes access to major routes including Florida Blvd and I-12. The property also includes off-street parking and signage.
Key Highlights
- Fully built‑out veterinary office that is readily convertible for various office uses
- Additional warehouse space in the rear
- Located in a quiet business park about 1,500 ft off Airline Hwy
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
$57,350
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
9.18%
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%
$1,147,000
$1.1M
Cap Rate 7%
$819,286
$819.3K
Cap Rate 9%
$637,222
$637.2K
Market Conditions
NOI Build-Up for 8,600 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
$83.6K $9.72/SF
− Vacancy
−$1.7K −$0.19/SF
EGI
$81.9K $9.53/SF
− OpEx
−$24.6K −$2.86/SF
NOI
$57.3K $6.67/SF
Area
Baton Rouge, LA
Vacancy
1.99%
Lease Rate
$9.72 /SF/Yr
Expense Ratio
30.00%
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%
$1,147,000
Cap Rate 7%
$819,286
Cap Rate 9%
$637,222
Alternative Uses
Best Use
Office B
$1.18M
$1.03M – $1.37M
NOI $82,257 @ 7.0% cap · market cap 13.16%
Second Best
Warehouse
$994.8K
$870.5K – $1.16M
NOI $69,639 @ 7.0% cap · market cap 11.14%
Theoretical Best
Specialty Retail
$2.06M
$1.80M – $2.40M
NOI $144,174 @ 7.0% cap · market cap 23.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
593
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 70815, LA
29,376
Population
12,060
Households
2.4
Avg Household Size
37
Median Age
30%
College-Educated
86%
High-School Grad
9.5 sq mi
ZIP Area
3,092
Density / Sq Mi
$55,804
Median Household Income
$36,158
Median Earnings
$984
Median Rent
$213,100
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Built-out veterinary office is readily convertible, with additional warehouse space in the rear and dedicated off-street parking.
Where is this flex space located?
The property is located at 1514 Cottondale Dr Baton Rouge, LA.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Fully built‑out veterinary office that is readily convertible for various office uses; Additional warehouse space in the rear; Located in a quiet business park about 1,500 ft off Airline Hwy
