Flex Space with
For Sale
$500,000
2631 BERNWOOD DR, Baton Rouge, LA 70816
Sale-leaseback structure includes a current lease through July 2028 with renewal options.
Property Size3,250 SF
Price / SF$153.85
Days on Market1112
Property Features for 2631 BERNWOOD DR
General Information
Standard status
Active
Size
3,250 SF
Property subtype
Other
Zoning
B1
Additional Details
Cap Rate
8.6%
Building Details
Year Built
2001
Listing Agency:
CBRE Baton Rouge
Listed By:
Jake Loach · License #SALE.995703697-ACT
(225) 952-1255
Source:
Lacdb.resimplifi
Added: Oct 3, 2023
Changed: Oct 3
Last Checked: Oct 16 at 5:48AM
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 CBRE Baton Rouge
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Investment Insights
Based on property information with market context.
This flex space was constructed in 2001 and is offered with an existing sale-leaseback arrangement. The current lease runs through July 2028, with renewal options in place, providing an established occupancy structure for the next owner. The property carries an 8.6% cap rate.
Located at 2631 Bernwood Dr in Baton Rouge, the property sits near South Harrell's Ferry Road and Jones Creek Road. It is identified as outside a flood zone, and the property does not appear to contain wetlands.
Located at 2631 Bernwood Dr in Baton Rouge, the property sits near South Harrell's Ferry Road and Jones Creek Road. It is identified as outside a flood zone, and the property does not appear to contain wetlands.
Key Highlights
- Existing sale‑leaseback arrangement
- Current lease expires July 2028
- Renewal options are in place
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,673
Cap Rate
4.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$433,460
$433.5K
Cap Rate 7%
$309,614
$309.6K
Cap Rate 9%
$240,811
$240.8K
Market Conditions
NOI Build-Up for 3,250 SF
Gross rent
$31.6K $9.72/SF
− Vacancy
−$629 −$0.19/SF
EGI
$31.0K $9.53/SF
− OpEx
−$9.3K −$2.86/SF
NOI
$21.7K $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 Rate 5%
$433,460
Cap Rate 7%
$309,614
Cap Rate 9%
$240,811
Alternative Uses
Best Use
Industrial
$309.6K
$270.9K – $361.2K
NOI $21,673 @ 7.0% cap · market cap 4.33%
Second Best
Flex RnD
$301.7K
$264.0K – $352.0K
NOI $21,117 @ 7.0% cap · market cap 4.22%
Theoretical Best
Specialty Retail
$778.3K
$681.1K – $908.1K
NOI $54,484 @ 7.0% cap · market cap 10.90%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
548
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 70816, LA
45,232
Population
21,024
Households
2.2
Avg Household Size
34
Median Age
36%
College-Educated
94%
High-School Grad
16.3 sq mi
ZIP Area
2,775
Density / Sq Mi
$65,894
Median Household Income
$39,344
Median Earnings
$1,155
Median Rent
$232,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Togo's Concessions — Baton Rouge, LA 70816
Frequently Asked Questions
What type of property is this?
Flex space - Sale-leaseback structure includes a current lease through July 2028 with renewal options.
Where is this flex space located?
The property is located at 2631 BERNWOOD DR Baton Rouge, LA.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Existing sale‑leaseback arrangement; Current lease expires July 2028; Renewal options are in place
