Fully Leased Industrial Investment
For Sale
Contact for pricing
15590 Florida Blvd, Baton Rouge, LA 70819
Stabilized industrial property for sale in Baton Rouge, Louisiana.
Property Size6,300 SF
Lot Size0.72 Acres
Price / SF$109.52
Days on Market166
Property Features for 15590 Florida Blvd
General Information
Standard status
Active
Size
6,300 SF
Class
B
Lot size
0.72 Acres
Property subtype
Industrial
Occupancy
100%
Investment Type
Stabilized
Building Details
Year Built
2013
Listing Agency:
IronHorn Enterprises
Listed By:
Ryan Jenkins · License #0225268974
Source:
Crexi
Added: Feb 26
Changed: Aug 10
Last Checked: Aug 8 at 1:01PM
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 IronHorn Enterprises
Investment Insights
Based on property information with market context.
The property at 15590 Florida Blvd in Baton Rouge, Louisiana, is a fully leased, stabilized industrial investment. It includes two buildings totaling 6,300 square feet, situated on 0.72 acres across two parcels. Constructed in 2013, the property features modern, well-maintained improvements with a functional layout suitable for light industrial, service, or contractor-oriented uses. The buildings have 20-foot clear heights and a 14-foot grade-level drive-in door, facilitating equipment access and operational flexibility. The property is strategically located along Florida Boulevard (US-190), a primary east–west commercial corridor in Baton Rouge, offering strong visibility, consistent traffic, and convenient connectivity to I-12 and Airline Highway. This location within an established industrial and commercial corridor enhances tenant demand and long-term investment durability, making it a compelling income-producing asset in the Baton Rouge market.
Key Highlights
- Fully leased, stabilized industrial investment providing immediate income.
- Modern construction (2013) ensures well‑maintained improvements.
- Strategic location on Florida Boulevard (US‑190) offers high visibility and traffic.
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
$42,012
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
6.09%
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%
$840,240
$840.2K
Cap Rate 7%
$600,171
$600.2K
Cap Rate 9%
$466,800
$466.8K
Market Conditions
NOI Build-Up for 6,300 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
$61.2K $9.72/SF
− Vacancy
−$1.2K −$0.19/SF
EGI
$60.0K $9.53/SF
− OpEx
−$18.0K −$2.86/SF
NOI
$42.0K $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%
$840,240
Cap Rate 7%
$600,171
Cap Rate 9%
$466,800
Alternative Uses
Best Use
Industrial
$600.2K
$525.2K – $700.2K
NOI $42,012 @ 7.0% cap · market cap 6.09%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.51M
$1.32M – $1.76M
NOI $105,615 @ 7.0% cap · market cap 15.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
365
Businesses Nearby
Explore this area
Business Placement
Demographics for 70819, LA
5,104
Population
1,604
Households
3.2
Avg Household Size
34
Median Age
33%
College-Educated
92%
High-School Grad
4.6 sq mi
ZIP Area
1,110
Density / Sq Mi
$77,150
Median Household Income
$43,882
Median Earnings
$1,228
Median Rent
$167,900
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.
Frequently Asked Questions
What type of property is this?
Industrial property - Stabilized industrial property for sale in Baton Rouge, Louisiana.
Where is this industrial property located?
The property is located at 15590 Florida Blvd Baton Rouge, LA.
What is the asking price?
The asking price for this property is $690,000.
What are key features of this property?
This property features: Fully leased, stabilized industrial investment providing immediate income.; Modern construction (2013) ensures well‑maintained improvements.; Strategic location on Florida Boulevard (US‑190) offers high visibility and traffic.
