Retail Showroom and Warehouse
For Sale
$525,000
13365 & 13367 Perkins Road, Baton Rouge, LA 70810
Two buildings: retail showroom/office and unconditioned warehouse for sale.
Property Size6,200 SF
Price / SF$84.68
Days on Market275
Property Features for 13365 & 13367 Perkins Road
General Information
Standard status
Active
Size
6,200 SF
Property subtype
Retail
Building Details
Building Size
6,200 SF
Listing Agency:
Lee & Associates Louisiana
(225) 241-8616
Listed By:
Evan Scroggs, SIOR, CCIM · License #LA #995712516
(225) 241-8616
Source:
Lee-associates
Added: Nov 26, 2025
Changed: Aug 26
Last Checked: Aug 28 at 7:10AM
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 Lee & Associates Louisiana
Investment Insights
Based on property information with market context.
The property includes two buildings: a retail showroom/office building of approximately 4,000 square feet and an unconditioned warehouse totaling 2,200 square feet. The main building can be subdivided into two separate suites. The property's facade has been recently renovated. The owners are currently storing antique furniture in the 2,000 square foot warehouse. Colonial period antiques sourced from English Plantations in India are included in the sale of the building. The furniture has an estimated value of $100,000 - $150,000 and is included with the sale of the property. The property is located at 13365 & 13367 Perkins Road, Baton Rouge, LA 70810.
Key Highlights
- Includes colonial period antique furniture (estimated value $100k - $150k)
- Retail showroom/office building (4,000 SF) can be subdivided into two suites
- Additional 2,200 SF unconditioned warehouse
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
$41,345
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
7.88%
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%
$826,900
$826.9K
Cap Rate 7%
$590,643
$590.6K
Cap Rate 9%
$459,389
$459.4K
Market Conditions
NOI Build-Up for 6,200 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
$60.3K $9.72/SF
− Vacancy
−$1.2K −$0.19/SF
EGI
$59.1K $9.53/SF
− OpEx
−$17.7K −$2.86/SF
NOI
$41.3K $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%
$826,900
Cap Rate 7%
$590,643
Cap Rate 9%
$459,389
Alternative Uses
Best Use
Retail
$1.39M
$1.21M – $1.62M
NOI $97,010 @ 7.0% cap · market cap 18.48%
Second Best
Warehouse
$717.2K
$627.6K – $836.8K
NOI $50,205 @ 7.0% cap · market cap 9.56%
Theoretical Best
Specialty Retail
$1.48M
$1.30M – $1.73M
NOI $103,939 @ 7.0% cap · market cap 19.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
700
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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 Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Showroom - Two buildings: retail showroom/office and unconditioned warehouse for sale.
Where is this showroom located?
The property is located at 13365 & 13367 Perkins Road Baton Rouge, LA.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Includes colonial period antique furniture (estimated value $100k - $150k); Retail showroom/office building (4,000 SF) can be subdivided into two suites; Additional 2,200 SF unconditioned warehouse
