Turnkey Flex Warehouse
For Sale
Contact for pricing
15025-15045 Market St, Baton Rouge, LA 70817
Turnkey flex-warehouse offering two onsite buildings with office space, conference areas, and roll-up warehouse doors.
Property Size10,600 SF
Lot Size2.00 Acres
Price / SF$150
Days on Market286
Property Features for 15025-15045 Market St
General Information
Standard status
Active
Size
10,600 SF
Total Parking Spaces
56
Lot size
2.00 Acres
Property subtype
INDUSTRIAL
Additional Details
Road Access
Yes
Drive-In Doors
2
Amenities
private offices
conference areas
breakrooms
climate-controlled storage
Listing Agency:
Lee & Associates | Baton Rouge
(225) 427-9200
Listed By:
Will Watson · License #995701278-ACT
(318) 914-1576
Source:
Moodyscre
Added: Dec 2, 2025
Changed: Sep 4
Last Checked: Sep 13 at 11:02AM
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 Lee & Associates | Baton Rouge
Investment Insights
Based on property information with market context.
This turnkey flex warehouse property includes two improved facilities on one site. Building 1 consists of a 5,044-square-foot office building built in 2008 with several private offices, a training/conference room, breakroom/kitchenette, and a 1,000-square-foot storage area furnished with two garage doors. Building 2 is a 5,556-square-foot flex/warehouse building built in 2016 featuring 5 private offices, a large training/conference room, a kitchenette, and two warehouse areas totaling 2,348 square feet, each served by large roll-up doors.
The property is situated on approximately 2 acres and offers ample parking with 56 spaces and great visibility with approximately 280 feet of frontage. The site is positioned for practical day-to-day access across both facilities.
Additional functional space includes climate-controlled storage of approximately 1,000 square feet. Overall, the configuration supports combined office and warehouse use within a single, operationally ready package.
The property is situated on approximately 2 acres and offers ample parking with 56 spaces and great visibility with approximately 280 feet of frontage. The site is positioned for practical day-to-day access across both facilities.
Additional functional space includes climate-controlled storage of approximately 1,000 square feet. Overall, the configuration supports combined office and warehouse use within a single, operationally ready package.
Key Highlights
- Two onsite buildings totaling 10,600 SF: 8,252 SF office/flex space and 2,348 SF warehouse space
- Building 1: 5,044 SF office building built in 2008 with private offices, training/conference room, breakroom/kitchenette, and 1,000 SF storage with two garage doors
- Building 2: 5,556 SF flex/warehouse building built in 2016 with 5 private offices, large training/conference room, kitchenette, and two 2,348 SF warehouse areas with large roll‑up doors
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
$85,834
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
5.40%
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%
$1,716,680
$1.7M
Cap Rate 7%
$1,226,200
$1.2M
Cap Rate 9%
$953,711
$953.7K
Market Conditions
NOI Build-Up for 10,600 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
$103.0K $9.72/SF
− Vacancy
−$2.1K −$0.19/SF
EGI
$101.0K $9.53/SF
− OpEx
−$15.1K −$1.43/SF
NOI
$85.8K $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%
$1,716,680
Cap Rate 7%
$1,226,200
Cap Rate 9%
$953,711
Alternative Uses
Best Use
Warehouse
$1.23M
$1.07M – $1.43M
NOI $85,834 @ 7.0% cap · market cap 5.40%
Second Best
Industrial
$1.01M
$883.6K – $1.18M
NOI $70,687 @ 7.0% cap · market cap 4.45%
Theoretical Best
Specialty Retail
$2.54M
$2.22M – $2.96M
NOI $177,702 @ 7.0% cap · market cap 11.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Drive-in doors
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
603
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 70817, LA
35,025
Population
14,106
Households
2.5
Avg Household Size
40
Median Age
50%
College-Educated
96%
High-School Grad
25.4 sq mi
ZIP Area
1,379
Density / Sq Mi
$102,878
Median Household Income
$58,613
Median Earnings
$1,363
Median Rent
$288,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Flex space - Turnkey flex-warehouse offering two onsite buildings with office space, conference areas, and roll-up warehouse doors.
Where is this flex space located?
The property is located at 15025-15045 Market St Baton Rouge, LA.
What is the asking price?
The asking price for this property is $1,590,000.
What are key features of this property?
This property features: Two onsite buildings totaling 10,600 SF: 8,252 SF office/flex space and 2,348 SF warehouse space; Building 1: 5,044 SF office building built in 2008 with private offices, training/conference room, breakroom/kitchenette, and 1,000 SF storage with two garage doors; Building 2: 5,556 SF flex/warehouse building built in 2016 with 5 private offices, large training/conference room, kitchenette, and two 2,348 SF warehouse areas with large roll‑up doors
