Industrial Yard with Renovated
16271 & 16161 Florida Blvd, Baton Rouge, LA 70819
For Sale
$595,000
M1-zoned grounds include a renovated office with five private offices, a conference room, a kitchen area, and two restrooms.
Property Size2,000 SF
Price / SF$297.50
Days on Market89
Property Features for 16271 & 16161 Florida Blvd
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Neighborhood
Listing Agency:
Stirling Baton Rouge
Listed By:
Joseph Canella
(225) 907-6232
Source:
Lacdb.resimplifi
Added: Aug 13
Changed: Nov 7
Last Checked: Nov 8 at 2:15AM
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 Baton Rouge
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Investment Insights
Based on property information with market context.
This M1 industrial property spans approximately 6.18 acres and includes a roughly 2,000-square-foot office building. The renovated interior has five offices, a large meeting and conference room, a break area with kitchen, and two restrooms, including one full bath with a shower. New paint and vinyl plank flooring were installed as part of the interior renovation. The site can accommodate laydown-yard storage of materials, equipment, or vehicles.
The property fronts Florida Boulevard (Hwy 190) at the Central Thruway and O’Neal Lane intersection. Denham Springs is about 1 mile away via Florida Boulevard, and Airline Hwy (Hwy 61) is approximately 5 miles to the west. I-12 access via O’Neal Lane is approximately 1.65 miles away.
The property fronts Florida Boulevard (Hwy 190) at the Central Thruway and O’Neal Lane intersection. Denham Springs is about 1 mile away via Florida Boulevard, and Airline Hwy (Hwy 61) is approximately 5 miles to the west. I-12 access via O’Neal Lane is approximately 1.65 miles away.
Key Highlights
- Approximately 6.18 acres with M1 industrial zoning
- About 200 feet of frontage on Florida Boulevard (Hwy 190)
- Approximately 2,000‑square‑foot renovated office building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,130
Cap Rate
3.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$382,600
$382.6K
Cap Rate 7%
$273,286
$273.3K
Cap Rate 9%
$212,556
$212.6K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$26.2K $13.08/SF
− Vacancy
−$654 −$0.33/SF
EGI
$25.5K $12.75/SF
− OpEx
−$6.4K −$3.19/SF
NOI
$19.1K $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 Rate 5%
$382,600
Cap Rate 7%
$273,286
Cap Rate 9%
$212,556
Alternative Uses
Best Use
Office B
$273.3K
$239.1K – $318.8K
NOI $19,130 @ 7.0% cap · market cap 3.22%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$479.0K
$419.1K – $558.8K
NOI $33,529 @ 7.0% cap · market cap 5.64%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
178
Businesses Nearby
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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
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Market
Properties on Market for Industrial land in East Baton Rouge County
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Industrial land - M1-zoned grounds include a renovated office with five private offices, a conference room, a kitchen area, and two restrooms.
Where is this industrial land located?
The property is located at 16271 & 16161 Florida Blvd Baton Rouge, LA.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Approximately 6.18 acres with M1 industrial zoning; About 200 feet of frontage on Florida Boulevard (Hwy 190); Approximately 2,000‑square‑foot renovated office building
