Vacant Automotive Dealership
For Sale
$6,700,000
13000 Florida Blvd, Baton Rouge, LA 70815
Four-building automotive campus with service bays, paint/body space, wash bay, and paved parking on gated acreage.
Property Size85,252 SF
Lot Size9.45 Acres
Price / SF$78.82
Days on Market102
Property Features for 13000 Florida Blvd
General Information
Standard status
Active
Size
85,252 SF
Total Parking Spaces
398
Lot size
9.45 Acres
Zoning
C-2
Site & Location
Fenced Yard
Yes
Outdoor Storage
Yes
Additional Details
Heavy Power
Yes
Amenities
Commercial
Yes
No
IDX
Active
Free-Standing Building, Mixed Use, Street Retail, Vehicle Related
Industrial, Retail, Special Purpose
Truck Term/Transit Fac., Other
Central Air
Central
85252
Governmental, High-Tech, Institutional, Mixed Use, Flex Space, Net Leased, Office Building, Research & Development, Other
Square Feet
Appraiser
Metal
Public Sewer
no
Partial
440 Volts Elec
Natural Gas Available
Public
9.45
398
Storage
Parking Lot, On Site, Rear Parking, Secured
yes
Slab
411642
Metal Const
Building Details
Building Size
85,252 SF
Listed By:
JAMIE OURSO
(225) 802-7159
Source:
Oursorealestate.idxbroker
Added: May 27
Changed: Aug 23
Last Checked: Sep 4 at 2:09AM
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 JAMIE OURSO
Investment Insights
Based on property information with market context.
Vacant automotive dealership facility for sale comprising four buildings totaling approximately 85,000± square feet across three gated parcels totaling 9.45± acres. Improvements include two showroom and administrative buildings, a dedicated paint and body facility, a finish/detail building, and automotive service bays with lift-equipped service areas. The site also features multiple overhead doors and a wash bay, supported by extensive paved parking.
The property has approximately 811± feet of frontage along Florida Boulevard and includes approximately 398 existing parking spaces. Existing C-2 zoning and 3-phase power are noted in the remarks, supporting a range of automotive and other commercial operating needs. The configuration offers room for outdoor storage or expanded vehicle inventory and can accommodate a variety of heavy-to-light commercial uses, depending on business requirements.
The facility is described as having immediate occupancy potential, with the former dealership footprint providing a turnkey layout for automotive sales, service, collision repair, and related operations, subject to permitting and site planning.
The property has approximately 811± feet of frontage along Florida Boulevard and includes approximately 398 existing parking spaces. Existing C-2 zoning and 3-phase power are noted in the remarks, supporting a range of automotive and other commercial operating needs. The configuration offers room for outdoor storage or expanded vehicle inventory and can accommodate a variety of heavy-to-light commercial uses, depending on business requirements.
The facility is described as having immediate occupancy potential, with the former dealership footprint providing a turnkey layout for automotive sales, service, collision repair, and related operations, subject to permitting and site planning.
Key Highlights
- 1972 vacant automotive dealership campus with 4 buildings totaling approx. 85,000± SF
- Three gated parcels on 9.45± acres with approx. 811± ft of frontage along Florida Boulevard
- Dedicated paint/body facility plus finish/detail building, service bays, and lift‑equipped service areas
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
$566,831
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
8.46%
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%
$11,336,620
$11.3M
Cap Rate 7%
$8,097,586
$8.1M
Cap Rate 9%
$6,298,122
$6.3M
Market Conditions
NOI Build-Up for 85,000 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
$826.2K $9.72/SF
− Vacancy
−$16.4K −$0.19/SF
EGI
$809.8K $9.53/SF
− OpEx
−$242.9K −$2.86/SF
NOI
$566.8K $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%
$11,336,620
Cap Rate 7%
$8,097,586
Cap Rate 9%
$6,298,122
Alternative Uses
Best Use
Retail
$19.00M
$16.62M – $22.17M
NOI $1,329,973 @ 7.0% cap · market cap 19.85%
Second Best
Industrial
$8.10M
$7.09M – $9.45M
NOI $566,831 @ 7.0% cap · market cap 8.46%
Theoretical Best
Specialty Retail
$20.36M
$17.81M – $23.75M
NOI $1,424,971 @ 7.0% cap · market cap 21.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Heavy power
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
365
Businesses Nearby
54k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 69%
Shops & Services 30%
Home Improvements & Furnishings 1%
McDonald's
Dining
18,260 visits/mo
0.2 miles
Sonny's BBQ
Dining
11,195 visits/mo
0.3 miles
Dollar General
Shops & Services
7,463 visits/mo
0.3 miles
Jack in the Box
Dining
6,491 visits/mo
0.3 miles
O'Reilly Auto Parts
Shops & Services
3,077 visits/mo
0.4 miles
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 Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Superior Transmission — 11833 Florida Blvd, Baton Rouge, LA 70815
- Marks Seat Cover Center Inc. — 11760 Florida Blvd, Baton Rouge, LA 70815
- Paint & Body — 11863 Florida Blvd, Baton Rouge, LA 70815
- Brakes & More — 11809 Florida Blvd, Baton Rouge, LA 70815
- Centurion Car Care — 11857 Florida Blvd, Baton Rouge, LA 70815
Frequently Asked Questions
What type of property is this?
Auto shop - Four-building automotive campus with service bays, paint/body space, wash bay, and paved parking on gated acreage.
Where is this auto shop located?
The property is located at 13000 Florida Blvd Baton Rouge, LA.
What is the asking price?
The asking price for this property is $6,700,000.
What are key features of this property?
This property features: 1972 vacant automotive dealership campus with 4 buildings totaling approx. 85,000± SF; Three gated parcels on 9.45± acres with approx. 811± ft of frontage along Florida Boulevard; Dedicated paint/body facility plus finish/detail building, service bays, and lift‑equipped service areas
