Flex Building with
For Sale
Contact for pricing
13953 Perkins Rd, Baton Rouge, LA 70810
Flex property offering approximately 2,000 SF of office space and 3,000 SF of warehouse/storage space.
Property Size5,000 SF
Price / SF$100
Days on Market200
Property Features for 13953 Perkins Rd
General Information
Standard status
Active
Size
5,000 SF
Property subtype
OFFICE
Listing Agency:
Elifin Realty
(800) 895-9329
Listed By:
Fabian Edwards
(985) 974-8301
Source:
Moodyscre
Added: Feb 20
Changed: Jul 22
Last Checked: Aug 14 at 7:54AM
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 Elifin Realty
Investment Insights
Based on property information with market context.
This flex building includes approximately 2,000 SF of office space and approximately 3,000 SF of warehouse/storage space, totaling about 5,000 SF. Monument signage is in place, supporting brand visibility for commercial users.
The property is located near the upcoming Pecue Lane interchange. It is zoned C-2 – Heavy Commercial.
With both office and warehouse/storage space under one roof, the layout is designed to support operations that require an on-site work area alongside storage and light logistics functions.
The property is located near the upcoming Pecue Lane interchange. It is zoned C-2 – Heavy Commercial.
With both office and warehouse/storage space under one roof, the layout is designed to support operations that require an on-site work area alongside storage and light logistics functions.
Key Highlights
- Approximately 2,000 SF of office space plus 3,000 SF of warehouse/storage space
- Monument signage in place
- Located near the upcoming Pecue Lane interchange
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
$33,343
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
6.67%
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%
$666,860
$666.9K
Cap Rate 7%
$476,329
$476.3K
Cap Rate 9%
$370,478
$370.5K
Market Conditions
NOI Build-Up for 5,000 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
$48.6K $9.72/SF
− Vacancy
−$967 −$0.19/SF
EGI
$47.6K $9.53/SF
− OpEx
−$14.3K −$2.86/SF
NOI
$33.3K $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%
$666,860
Cap Rate 7%
$476,329
Cap Rate 9%
$370,478
Alternative Uses
Best Use
Industrial
$476.3K
$416.8K – $555.7K
NOI $33,343 @ 7.0% cap · market cap 6.67%
Second Best
Flex RnD
$464.1K
$406.1K – $541.5K
NOI $32,487 @ 7.0% cap · market cap 6.50%
Theoretical Best
Specialty Retail
$1.20M
$1.05M – $1.40M
NOI $83,822 @ 7.0% cap · market cap 16.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
292
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?
Flex space - Flex property offering approximately 2,000 SF of office space and 3,000 SF of warehouse/storage space.
Where is this flex space located?
The property is located at 13953 Perkins Rd 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: Approximately 2,000 SF of office space plus 3,000 SF of warehouse/storage space; Monument signage in place; Located near the upcoming Pecue Lane interchange
