Warehouse with Yard
For Sale
$1,085,000
5762 Hooper Rd, Baton Rouge, LA 70811
Warehouse property with outdoor storage capacity, C1 and A2 zoning, and access to major transportation corridors.
Property Size10,180 SF
Price / SF$106.58
Days on Market620
Property Features for 5762 Hooper Rd
General Information
Standard status
Active
Size
10,180 SF
Property subtype
Industrial
Zoning
C1 & A2
Listing Agency:
NAI Rampart Commercial Real Estate Baton Rouge
(225) 284-9092
Listed By:
Dexter Shill
(225) 284-9092
Source:
Lacdb.resimplifi
Added: Dec 19, 2024
Changed: Aug 30
Last Checked: Aug 31 at 12:39PM
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 NAI Rampart Commercial Real Estate Baton Rouge
Investment Insights
Based on property information with market context.
This warehouse property includes approximately 10,180 SF of enclosed space on approximately 5.09 acres. The site has a partially stabilized yard area that supports outdoor storage and day-to-day industrial operations. C1 and A2 zoning may accommodate commercial and light industrial uses subject to parish approval.
The property is located at 5762 Hooper Road in Baton Rouge and is minutes from Baton Rouge Metropolitan Airport, with access to major transportation corridors. It is in Flood Zone X. Additional land may be assembled with adjacent parcels at 5862 and 5894 Hooper Road, creating an option for a larger contiguous site.
The property is located at 5762 Hooper Road in Baton Rouge and is minutes from Baton Rouge Metropolitan Airport, with access to major transportation corridors. It is in Flood Zone X. Additional land may be assembled with adjacent parcels at 5862 and 5894 Hooper Road, creating an option for a larger contiguous site.
Key Highlights
- ±10,180 SF warehouse on ±5.09 acres
- Partially stabilized yard area for outdoor storage and operations
- C1 & A2 zoning, with commercial and light industrial uses subject to parish approval
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
$82,433
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
7.60%
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%
$1,648,660
$1.6M
Cap Rate 7%
$1,177,614
$1.2M
Cap Rate 9%
$915,922
$915.9K
Market Conditions
NOI Build-Up for 10,180 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
$98.9K $9.72/SF
− Vacancy
−$2.0K −$0.19/SF
EGI
$97.0K $9.53/SF
− OpEx
−$14.5K −$1.43/SF
NOI
$82.4K $8.10/SF
Area
Baton Rouge, LA
Vacancy
1.99%
Lease Rate
$9.72 /SF/Yr
Expense Ratio
15.00%
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%
$1,648,660
Cap Rate 7%
$1,177,614
Cap Rate 9%
$915,922
Alternative Uses
Best Use
Warehouse
$1.18M
$1.03M – $1.37M
NOI $82,433 @ 7.0% cap · market cap 7.60%
Second Best
Industrial
$969.8K
$848.6K – $1.13M
NOI $67,886 @ 7.0% cap · market cap 6.26%
Theoretical Best
Specialty Retail
$2.44M
$2.13M – $2.84M
NOI $170,661 @ 7.0% cap · market cap 15.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
169
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 70811, LA
13,116
Population
5,093
Households
2.6
Avg Household Size
39
Median Age
19%
College-Educated
82%
High-School Grad
11.3 sq mi
ZIP Area
1,161
Density / Sq Mi
$41,195
Median Household Income
$31,696
Median Earnings
$876
Median Rent
$161,900
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- The Storage Center — 4455 Harding Blvd, Baton Rouge, LA 70807
Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse property with outdoor storage capacity, C1 and A2 zoning, and access to major transportation corridors.
Where is this warehouse located?
The property is located at 5762 Hooper Rd Baton Rouge, LA.
What is the asking price?
The asking price for this property is $1,085,000.
What are key features of this property?
This property features: ±10,180 SF warehouse on ±5.09 acres; Partially stabilized yard area for outdoor storage and operations; C1 & A2 zoning, with commercial and light industrial uses subject to parish approval
