Corner Property on Florida
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15840 Florida Blvd, Baton Rouge, LA 70819
High-visibility commercial property with redevelopment potential in Baton Rouge, LA.
Property Size5,000 SF
Lot Size0.85 Acres
Price / SF$119.80
Days on Market148
Property Features for 15840 Florida Blvd
General Information
Standard status
Active
Size
5,000 SF
Lot size
0.85 Acres
Property subtype
Special Purpose
Zoning
R
Occupancy
100%
Lease Type
NN
Investment Type
Redevelopment
Building Details
Year Built
1984
Buildings
2
Tenancy
Single
Listing Agency:
Stirling Properties Baton Rouge
(225) 572-5689
Listed By:
Travis Thornton · License #LA 0995697813
Source:
Crexi
Added: Mar 17
Changed: Aug 7
Last Checked: Aug 11 at 7:24PM
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 Stirling Properties Baton Rouge
Investment Insights
Based on property information with market context.
This commercial property is located near the intersection of O’Neal Lane and Florida Boulevard in Baton Rouge, Louisiana. It consists of two adjacent tracts totaling approximately 10.85 acres and includes two metal buildings totaling approximately 5,000 square feet. The property is currently fully leased to an automotive sales and repair tenant, providing immediate income. Positioned along Florida Boulevard, the property benefits from traffic counts of approximately 35,000 vehicles per day and convenient access to Interstate 12, providing connectivity between Baton Rouge and Denham Springs. It is also close to the O’Neal Lane and Central Thruway commercial corridor and nearby medical and retail amenities. The long-term value of the property lies in its visible corner location and redevelopment potential. The site offers flexibility for future owner-user occupancy, redevelopment, or repositioning. This property is suitable for automotive shops, retail, office, warehouse, and other commercial uses.
Key Highlights
- Prime corner location on Florida Boulevard with high visibility (35,000 vehicles per day).
- Significant redevelopment potential in an evolving commercial corridor.
- Currently fully leased, providing immediate income.
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
$47,824
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
7.98%
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%
$956,480
$956.5K
Cap Rate 7%
$683,200
$683.2K
Cap Rate 9%
$531,378
$531.4K
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
$65.4K $13.08/SF
− Vacancy
−$1.6K −$0.33/SF
EGI
$63.8K $12.75/SF
− OpEx
−$15.9K −$3.19/SF
NOI
$47.8K $9.56/SF
Area
Baton Rouge, LA
Vacancy
2.50%
Lease Rate
$13.08 /SF/Yr
Expense Ratio
25.00%
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%
$956,480
Cap Rate 7%
$683,200
Cap Rate 9%
$531,378
Alternative Uses
Best Use
Retail
$1.12M
$977.9K – $1.30M
NOI $78,234 @ 7.0% cap · market cap 13.06%
Second Best
Office B
$683.2K
$597.8K – $797.1K
NOI $47,824 @ 7.0% cap · market cap 7.98%
Theoretical Best
Specialty Retail
$1.20M
$1.05M – $1.40M
NOI $83,822 @ 7.0% cap · market cap 13.99%
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
Well-served
Demand for This Use
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 Office in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Mike's Transmission-Automotive — 16314 Strain Rd, Baton Rouge, LA 70816
- Plasencia Printing & Party — 15336 Old Hammond Hwy, Baton Rouge, LA 70816
- EAuto Touch LLC — 16198 Strain Rd, Baton Rouge, LA 70816
- Ita truck sales & service llc — 763 O'Neal Ln, Baton Rouge, LA 70816
- Mobile Mechanic — 16178 Strain Rd, Baton Rouge, LA 70816
Frequently Asked Questions
What type of property is this?
Auto shop - High-visibility commercial property with redevelopment potential in Baton Rouge, LA.
Where is this auto shop located?
The property is located at 15840 Florida Blvd Baton Rouge, LA.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Prime corner location on Florida Boulevard with high visibility (35,000 vehicles per day).; Significant redevelopment potential in an evolving commercial corridor.; Currently fully leased, providing immediate income.
