Retail Building on
For Sale
$1,989,500
10420 Coursey Blvd, Baton Rouge, LA 70816
Retail building offered for sale or lease on a 1.99-acre parcel along Coursey Boulevard.
Property Size11,500 SF
Lot Size1.99 Acres
Price / SF$173
Days on Market73
Property Features for 10420 Coursey Blvd
General Information
Standard status
Active
Size
11,500 SF
Lot size
1.99 Acres
Property subtype
Retail
Building Details
Building Size
11,500 SF
Listing Agency:
JRE Brokerage
Listed By:
Donnie Jarreau · License #BROK.32688-ACT
(225) 907-6028
Source:
Gojre
Added: Jun 25
Changed: Sep 4
Last Checked: Sep 4 at 4:37AM
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 JRE Brokerage
Investment Insights
Based on property information with market context.
Available for sale or lease, this 11,500 SF retail building sits on a 1.99-acre parcel along Coursey Boulevard. The offering includes a single retail building configured for general retail use.
The property’s placement along Coursey Boulevard provides direct roadway frontage on the subject site. Interested parties should review the building layout and intended use with the listing broker for fit and buildout options.
This is a straightforward retail real estate opportunity for tenants or buyers seeking a standalone building along a primary boulevard corridor.
The property’s placement along Coursey Boulevard provides direct roadway frontage on the subject site. Interested parties should review the building layout and intended use with the listing broker for fit and buildout options.
This is a straightforward retail real estate opportunity for tenants or buyers seeking a standalone building along a primary boulevard corridor.
Key Highlights
- 11,500 SF retail building available for sale or lease
- Located along Coursey Boulevard on a 1.99‑acre parcel
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
$179,937
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
9.04%
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%
$3,598,740
$3.6M
Cap Rate 7%
$2,570,529
$2.6M
Cap Rate 9%
$1,999,300
$2.0M
Market Conditions
NOI Build-Up for 11,500 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
$258.1K $22.44/SF
− Vacancy
−$1.0K −$0.09/SF
EGI
$257.1K $22.35/SF
− OpEx
−$77.1K −$6.71/SF
NOI
$179.9K $15.65/SF
Area
Baton Rouge, LA
Vacancy
0.39%
Lease Rate
$22.44 /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%
$3,598,740
Cap Rate 7%
$2,570,529
Cap Rate 9%
$1,999,300
Alternative Uses
Best Use
Retail
$2.57M
$2.25M – $3.00M
NOI $179,937 @ 7.0% cap · market cap 9.04%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.75M
$2.41M – $3.21M
NOI $192,790 @ 7.0% cap · market cap 9.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,035
Businesses Nearby
175k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 42%
Home Improvements & Furnishings 27%
Shops & Services 27%
Apparel 4%
The Home Depot
Home Improvements & Furnishings
40,734 visits/mo
0.1 miles
McDonald's
Dining
30,857 visits/mo
0.5 miles
Exxon
Shops & Services
15,008 visits/mo
0.2 miles
CC's Coffee House
Dining
11,972 visits/mo
0.3 miles
Dollar Tree
Shops & Services
11,495 visits/mo
0.1 miles
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 Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Retail building offered for sale or lease on a 1.99-acre parcel along Coursey Boulevard.
Where is this retail space located?
The property is located at 10420 Coursey Blvd Baton Rouge, LA.
What is the asking price?
The asking price for this property is $1,989,500.
What are key features of this property?
This property features: 11,500 SF retail building available for sale or lease; Located along Coursey Boulevard on a 1.99‑acre parcel
