Mixed-Use Property with Two
For Sale
$550,000
3529 Cole Dr, Baton Rouge, LA 70806
The B-1 property is currently used as a residence and includes two kitchens, a garage, and on- and off-street parking.
Property Size2,884 SF
Price / SF$190.71
Days on Market1005
Property Features for 3529 Cole Dr
General Information
Standard status
Active
Size
2,884 SF
Property subtype
Other
Zoning
B1
Amenities
two kitchens
small pool
Water
Sewer
Listing Agency:
Coldwell Banker Commercial One
Listed By:
David Palmer · License #0912122348
(225) 925-2300
Source:
Lacdb.resimplifi
Added: Jan 17, 2024
Changed: Oct 11
Last Checked: Oct 16 at 5:42AM
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 Coldwell Banker Commercial One
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Investment Insights
Based on property information with market context.
This 2,884-square-foot mixed-use property is currently used as a residence and includes two kitchens, a two-car garage, on-street parking, off-street parking, and a small pool. The building previously contained separate residential, hair salon, and upstairs rental areas, with the upper portion occupied by LSU students.
Zoned B-1, the property is positioned near the corner of Acadian and Government. Its existing configuration combines residential space with multiple interior areas and garage parking. The listing agent must be present for all showings.
Zoned B-1, the property is positioned near the corner of Acadian and Government. Its existing configuration combines residential space with multiple interior areas and garage parking. The listing agent must be present for all showings.
Key Highlights
- 2,884‑square‑foot mixed‑use property
- B‑1 zoning
- Two kitchens within the building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,994
Cap Rate
4.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$539,880
$539.9K
Cap Rate 7%
$385,629
$385.6K
Cap Rate 9%
$299,933
$299.9K
Market Conditions
NOI Build-Up for 2,884 SF
Gross rent
$45.0K $15.60/SF
− Vacancy
−$1.8K −$0.62/SF
EGI
$43.2K $14.98/SF
− OpEx
−$16.2K −$5.62/SF
NOI
$27.0K $9.36/SF
Area
Baton Rouge, LA
Vacancy
4.00%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$539,880
Cap Rate 7%
$385,629
Cap Rate 9%
$299,933
Alternative Uses
Best Use
Mixed Use
$385.6K
$337.4K – $449.9K
NOI $26,994 @ 7.0% cap · market cap 4.91%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$690.7K
$604.4K – $805.8K
NOI $48,348 @ 7.0% cap · market cap 8.79%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,625
Businesses Nearby
Explore this area
Business Placement
Demographics for 70806, LA
27,898
Population
14,972
Households
1.9
Avg Household Size
37
Median Age
40%
College-Educated
90%
High-School Grad
8.9 sq mi
ZIP Area
3,135
Density / Sq Mi
$53,430
Median Household Income
$41,894
Median Earnings
$1,014
Median Rent
$321,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Mixed-use property - The B-1 property is currently used as a residence and includes two kitchens, a garage, and on- and off-street parking.
Where is this mixed-use property located?
The property is located at 3529 Cole Dr Baton Rouge, LA.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 2,884‑square‑foot mixed‑use property; B‑1 zoning; Two kitchens within the building
