Building Details

Building Size 18,300 SF

Tenancy Single

Listing Agency: Elifin Realty

Listed By: Noah Loveland · License #995711824 Show Phone

Source: Elifinrealty

Added: Jun 2 Changed: Oct 7 Last Checked: Oct 16 at 7:12AM

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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

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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.

Key Highlights

• ±18,300 SF retail building
• Existing lease in place
• 9% CAP rate

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$286,335

Cap Rate

8.80%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$5,726,700 $5.7M

Cap Rate 7%

$4,090,500 $4.1M

Cap Rate 9%

$3,181,500 $3.2M

Is this asking price fair?

Market Conditions

NOI Build-Up for 18,300 SF

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 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 (±1% cap)

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 (±1% cap)

NOI $306,788 @ 7.0% cap · market cap 9.43%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Splash Pools and Spas (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Parking Lot & Garage Electrical Service HVAC Service Plumbing Service Kitchen & Bath Showroom Barber Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

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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