Shopping Center Retail
For Sale
Contact for pricing
15226 George Oneal Road, Baton Rouge, LA 70817
For-sale retail shopping center offering storefront space within Marblegate Shopping Center on George O'Neal Road.
Property Size18,180 SF
Price / SF$178.77
Days on Market62
Property Features for 15226 George Oneal Road
General Information
Standard status
Active
Size
18,180 SF
Property subtype
Retail
Zoning
C2 - Heavy Commercial
Occupancy
87%
Net Operating Income
$332,878
Building Details
Units
10
Tenancy
Multi
Listing Agency:
JRE Brokerage
(866) 889-0550
Listed By:
Donnie Jarreau Jr · License #BROK.32688-ACT
Source:
Crexi
Added: Jun 29
Changed: Aug 16
Last Checked: Aug 26 at 12:12PM
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 JRE Brokerage
Investment Insights
Based on property information with market context.
Marblegate Shopping Center is a retail-oriented property configured as a shopping center/strip mall with storefront space, presented for sale as a retail investment. The asset is identified as part of the Marblegate Shopping Center, with the property type focused on commercial retail uses.
The property is located at 15226 George O'Neal Road in Baton Rouge, Louisiana. It is positioned as a retail property offering frontage and visibility associated with a shopping center format, serving day-to-day neighborhood shopping needs.
This offering may be of interest to buyers looking for retail storefront exposure through a shopping center structure. As a retail property listing, it is best suited for investors and owner-operators seeking to acquire a commercial retail asset rather than a single-tenant building. Additional leasing details, tenant mix, and unit-level information are not provided here, so interested parties should verify current occupancy, rent roll, and any applicable operating expenses during due diligence.
The property is located at 15226 George O'Neal Road in Baton Rouge, Louisiana. It is positioned as a retail property offering frontage and visibility associated with a shopping center format, serving day-to-day neighborhood shopping needs.
This offering may be of interest to buyers looking for retail storefront exposure through a shopping center structure. As a retail property listing, it is best suited for investors and owner-operators seeking to acquire a commercial retail asset rather than a single-tenant building. Additional leasing details, tenant mix, and unit-level information are not provided here, so interested parties should verify current occupancy, rent roll, and any applicable operating expenses during due diligence.
Key Highlights
- Retail shopping center storefront space for sale within Marblegate Shopping Center
- Located on George O'Neal Road
- For‑sale retail investment opportunity at Marblegate Shopping Center
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
$284,458
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
8.75%
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%
$5,689,160
$5.7M
Cap Rate 7%
$4,063,686
$4.1M
Cap Rate 9%
$3,160,644
$3.2M
Market Conditions
NOI Build-Up for 18,180 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
$408.0K $22.44/SF
− Vacancy
−$1.6K −$0.09/SF
EGI
$406.4K $22.35/SF
− OpEx
−$121.9K −$6.71/SF
NOI
$284.5K $15.65/SF
Area
Baton Rouge, LA
Vacancy
0.39%
Lease Rate
$22.44 /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%
$5,689,160
Cap Rate 7%
$4,063,686
Cap Rate 9%
$3,160,644
Alternative Uses
Best Use
Retail
$4.06M
$3.56M – $4.74M
NOI $284,458 @ 7.0% cap · market cap 8.75%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.35M
$3.81M – $5.08M
NOI $304,776 @ 7.0% cap · market cap 9.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
578
Businesses Nearby
223k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 42%
Groceries 31%
Shops & Services 26%
Electronics 1%
Walmart Neighborhood Market
Groceries
35,815 visits/mo
0.3 miles
Albertsons
Groceries
33,176 visits/mo
0.2 miles
McDonald's
Dining
23,033 visits/mo
0.1 miles
Raising Cane's Chicken Fingers
Dining
20,434 visits/mo
0.2 miles
Circle K
Shops & Services
16,656 visits/mo
0.1 miles
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Shopping center - For-sale retail shopping center offering storefront space within Marblegate Shopping Center on George O'Neal Road.
Where is this shopping center located?
The property is located at 15226 George Oneal Road Baton Rouge, LA.
What is the asking price?
The asking price for this property is $3,250,000.
What are key features of this property?
This property features: Retail shopping center storefront space for sale within Marblegate Shopping Center; Located on George O'Neal Road; For‑sale retail investment opportunity at Marblegate Shopping Center
