Event Center with Commercial
For Sale
$2,100,000
14214 Old Hammond Hwy, Baton Rouge, LA 70816
Event venue with a reception hall, bar, fully equipped commercial kitchen, chapel, warehouse with walk-in coolers, and screened cooking area.
Property Size13,613 SF
Lot Size4.34 Acres
Price / SF$154.26
Days on Market142
Property Features for 14214 Old Hammond Hwy
General Information
Standard status
Active
Size
13,613 SF
Lot size
4.34 Acres
Amenities
commercial kitchen
bar area
office areas
chapel
warehouse with walk-in coolers
screened outdoor cooking area
gazebo
patios
scenic pond
Listing Agency:
Smith Squared Real Estate Group, LLC
(225) 937-8245
Listed By:
Tara Smith
(225) 937-8245
Source:
Exprealty
Added: Mar 24
Changed: Jul 22
Last Checked: Aug 12 at 1:14PM
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 Smith Squared Real Estate Group, LLC
Investment Insights
Based on property information with market context.
This fully equipped event center is designed to host weddings, receptions, corporate events, and private gatherings. The main building includes a spacious reception hall, a dedicated bar area, and a fully outfitted commercial kitchen with prep space and office areas to support event operations.
The property also includes a 1,000 sq. ft. rustic-feel chapel for intimate ceremonies and a 1,876 sq. ft. warehouse space with two walk-in coolers. Additional outdoor functionality is provided by a 570 sq. ft. screened cooking area.
Set on 4.341 acres, the grounds feature a gazebo, multiple patios and seating areas, and a scenic pond. The sale includes a work van and trailer, supporting off-site event logistics.
The property also includes a 1,000 sq. ft. rustic-feel chapel for intimate ceremonies and a 1,876 sq. ft. warehouse space with two walk-in coolers. Additional outdoor functionality is provided by a 570 sq. ft. screened cooking area.
Set on 4.341 acres, the grounds feature a gazebo, multiple patios and seating areas, and a scenic pond. The sale includes a work van and trailer, supporting off-site event logistics.
Key Highlights
- Fully equipped event center with 9,472 SF main venue designed for weddings, receptions, corporate events, and private gatherings
- Main building includes a reception hall, dedicated bar area, fully outfitted commercial kitchen, plus prep space and office areas
- Includes a 1,000 SF rustic‑feel chapel for ceremonies and intimate events
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
$90,780
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
4.32%
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%
$1,815,600
$1.8M
Cap Rate 7%
$1,296,857
$1.3M
Cap Rate 9%
$1,008,667
$1.0M
Market Conditions
NOI Build-Up for 13,613 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
$132.3K $9.72/SF
− Vacancy
−$2.6K −$0.19/SF
EGI
$129.7K $9.53/SF
− OpEx
−$38.9K −$2.86/SF
NOI
$90.8K $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%
$1,815,600
Cap Rate 7%
$1,296,857
Cap Rate 9%
$1,008,667
Alternative Uses
Best Use
Specialty Retail
$3.26M
$2.85M – $3.80M
NOI $228,213 @ 7.0% cap · market cap 10.87%
Second Best
Industrial
$1.30M
$1.13M – $1.51M
NOI $90,780 @ 7.0% cap · market cap 4.32%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
822
Businesses Nearby
265k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 38%
Shops & Services 31%
Dining 14%
Groceries 14%
Burlington
Apparel
41,671 visits/mo
0.2 miles
Marshalls
Apparel
37,740 visits/mo
0.2 miles
Albertsons
Groceries
37,117 visits/mo
0.3 miles
Michaels
Shops & Services
29,370 visits/mo
0.3 miles
Murphy USA
Shops & Services
28,568 visits/mo
0.5 miles
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Wedding venue - Event venue with a reception hall, bar, fully equipped commercial kitchen, chapel, warehouse with walk-in coolers, and screened cooking area.
Where is this wedding venue located?
The property is located at 14214 Old Hammond Hwy Baton Rouge, LA.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: Fully equipped event center with 9,472 SF main venue designed for weddings, receptions, corporate events, and private gatherings; Main building includes a reception hall, dedicated bar area, fully outfitted commercial kitchen, plus prep space and office areas; Includes a 1,000 SF rustic‑feel chapel for ceremonies and intimate events
