Leased Storefront
For Sale
$3,253,333
13031 Perkins Rd, Baton Rouge, LA 70810
Existing retail lease supports continued commercial occupancy at this Baton Rouge property.
Property Size18,300 SF
Price / SF$177.78
Days on Market92
Property Features for 13031 Perkins Rd
General Information
Standard status
Active
Size
18,300 SF
Property subtype
Retail
Additional Details
Cap Rate
9%
Building Details
Building Size
18,300 SF
Tenancy
Single
Listing Agency:
Elifin Realty - New Orleans, LA
(225) 955-8546
Listed By:
Noah Loveland · License #995711824
(225) 955-8546
Source:
Elifinrealty
Added: Jun 2
Changed: Aug 31
Last Checked: Aug 31 at 4:05PM
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 - New Orleans, LA
Investment Insights
Based on property information with market context.
The property is a retail storefront building containing approximately 18,300 SF. It is leased to an operating occupant, providing an established commercial use within the building.
Located at 13031 Perkins Rd in Baton Rouge, Louisiana, the property is positioned at the Perkins Road address identified in the listing. The offering reflects a 9% CAP rate and is available for sale.
Located at 13031 Perkins Rd in Baton Rouge, Louisiana, the property is positioned at the Perkins Road address identified in the listing. The offering reflects a 9% CAP rate and is available for sale.
Key Highlights
- ±18,300 SF retail building
- Existing lease in place
- 9% CAP rate
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
$286,335
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
8.80%
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%
$5,726,700
$5.7M
Cap Rate 7%
$4,090,500
$4.1M
Cap Rate 9%
$3,181,500
$3.2M
Market Conditions
NOI Build-Up for 18,300 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
$410.7K $22.44/SF
− Vacancy
−$1.6K −$0.09/SF
EGI
$409.1K $22.35/SF
− OpEx
−$122.7K −$6.71/SF
NOI
$286.3K $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%
$5,726,700
Cap Rate 7%
$4,090,500
Cap Rate 9%
$3,181,500
Alternative Uses
Best Use
Retail
$4.09M
$3.58M – $4.77M
NOI $286,335 @ 7.0% cap · market cap 8.80%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.38M
$3.83M – $5.11M
NOI $306,788 @ 7.0% cap · market cap 9.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
728
Businesses Nearby
101k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 50%
Dining 27%
Groceries 21%
Electronics 1%
Winn-Dixie
Groceries
21,115 visits/mo
0.1 miles
Exxon
Shops & Services
15,401 visits/mo
0.2 miles
Starbucks
Dining
14,283 visits/mo
0.1 miles
Circle K
Shops & Services
8,786 visits/mo
0.2 miles
Jack in the Box
Dining
8,051 visits/mo
0.1 miles
Demographics for 70810, LA
42,472
Population
19,195
Households
2.2
Avg Household Size
38
Median Age
55%
College-Educated
95%
High-School Grad
26.2 sq mi
ZIP Area
1,621
Density / Sq Mi
$93,712
Median Household Income
$52,510
Median Earnings
$1,406
Median Rent
$353,100
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?
Storefront property - Existing retail lease supports continued commercial occupancy at this Baton Rouge property.
Where is this storefront property located?
The property is located at 13031 Perkins Rd Baton Rouge, LA.
What is the asking price?
The asking price for this property is $3,253,333.
What are key features of this property?
This property features: ±18,300 SF retail building; Existing lease in place; 9% CAP rate
