Building Details

Year Built 1985

Tenancy Multi

Listing Agency: Trusty Investment Properties, LLC

Listed By: John Trusty · License #995692199 Show Phone

Source: Lacdb.resimplifi

Added: May 5, 2024 Changed: Oct 6 Last Checked: Oct 16 at 5:49AM

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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 Trusty Investment Properties, LLC

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Investment Insights

Based on property information with market context.

This C1-zoned storefront retail property was built in 1985 and is identified with two occupants, TBR and Succulent. The asset is located at 7276 Highland Road in Baton Rouge, Louisiana, and carries a listed property size of 4,000.

The property sits in the Kenilworth retail hub, opposite Superior Grill and First Horizon Bank. Its Highland Road setting places the storefront within an established commercial area with nearby retail and banking uses.

Key Highlights

• C1 zoning supports the property’s retail classification
• Two identified occupants: TBR and Succulent
• Built in 1985

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$62,587

Cap Rate

4.85%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,251,740 $1.3M

Cap Rate 7%

$894,100 $894.1K

Cap Rate 9%

$695,411 $695.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,000 SF

Gross rent

$89.8K $22.44/SF

− Vacancy

−$350 −$0.09/SF

EGI

$89.4K $22.35/SF

− OpEx

−$26.8K −$6.71/SF

NOI

$62.6K $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%

$1,251,740

Cap Rate 7%

$894,100

Cap Rate 9%

$695,411

Alternative Uses

Best Use

Retail

$894.1K

$782.3K – $1.04M (±1% cap)

NOI $62,587 @ 7.0% cap · market cap 4.85%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$958.0K

$838.2K – $1.12M (±1% cap)

NOI $67,057 @ 7.0% cap · market cap 5.20%

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

Property Analytics

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Current Use

Baton Rouge Succulent ... Garden Center La Belle Maison ... Furniture & Home Goods Norah (Bike/Boat/Book/etc) Store La Belle Maison ... Furniture & Home Goods

Suggested Use

Top Pick Restaurant Building Supply Dental Office Real Estate Agency Law Firm Big Box & Wholesale Store

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

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

249

Businesses Nearby

8k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Home Improvements & Furnishings 54% Shops & Services 46%

Highland Hardware & Garden Home Improvements & Furnishings

4,082 visits/mo 0.1 miles

Chase Bank Shops & Services

3,501 visits/mo 0.0 miles

Demographics for 70808, LA

32,510

Population

18,833

Households

1.7

Avg Household Size

35

Median Age

65%

College-Educated

97%

High-School Grad

12.0 sq mi

ZIP Area

2,709

Density / Sq Mi

$69,078

Median Household Income

$41,162

Median Earnings

$1,283

Median Rent

$392,600

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 - C1-zoned retail asset with two identified occupants near established commercial businesses.

Where is this storefront property located?

The property is located at 7276 HIGHLAND RD Baton Rouge, LA.

What is the asking price?

The asking price for this property is $1,290,000.

What are key features of this property?

This property features: C1 zoning supports the property’s retail classification; Two identified occupants: TBR and Succulent; Built in 1985