Six-Unit Retail Strip
New
For Sale
$1,700,000
1750 Brightside Dr Baton, Baton Rouge, LA 70820
Fully leased multi-tenant retail property along Brightside Dr, approximately six minutes from LSU.
Property Size6,064 SF
Price / SF$280.34
Days on Market3
Property Features for 1750 Brightside Dr Baton
General Information
Standard status
Active
Size
6,064 SF
Property subtype
Free Standing Building
Occupancy
100%
Additional Details
Traffic Count
17,989 vehicles/day
Building Details
Building Size
6,064 SF
Tenancy
Multi
Listing Agency:
Elifin Realty
(225) 460-0877
Listed By:
Jacob Loveland
(225) 460-0877
Source:
Thebrokerlist
Added: Aug 8
Changed: Aug 9
Last Checked: Aug 9 at 9:07AM
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 Elifin Realty
Investment Insights
Based on property information with market context.
This retail strip center at 1750 Brightside Dr contains approximately 6,064 SF arranged across six units. The property is currently 100% occupied, providing an established multi-tenant configuration for a retail-focused buyer. Its location along Brightside Dr places the center within an active commercial setting with approximately 17,989 annual average daily traffic.
The property is approximately six minutes from LSU and is surrounded by residential communities, including The Retreat, The Blox, and Brightside Villas. Additional nearby context includes national and local retailers, restaurants, and new development activity. The combination of six suites, full occupancy, and proximity to LSU and surrounding housing defines the center’s current commercial profile.
The property is approximately six minutes from LSU and is surrounded by residential communities, including The Retreat, The Blox, and Brightside Villas. Additional nearby context includes national and local retailers, restaurants, and new development activity. The combination of six suites, full occupancy, and proximity to LSU and surrounding housing defines the center’s current commercial profile.
Key Highlights
- Approximately 6,064 SF retail strip center
- Six‑unit configuration with 100% occupancy
- Approximately 17,989 annual average daily traffic along Brightside Dr
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
$94,882
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
5.58%
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%
$1,897,640
$1.9M
Cap Rate 7%
$1,355,457
$1.4M
Cap Rate 9%
$1,054,244
$1.1M
Market Conditions
NOI Build-Up for 6,064 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
$136.1K $22.44/SF
− Vacancy
−$531 −$0.09/SF
EGI
$135.5K $22.35/SF
− OpEx
−$40.7K −$6.71/SF
NOI
$94.9K $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%
$1,897,640
Cap Rate 7%
$1,355,457
Cap Rate 9%
$1,054,244
Alternative Uses
Best Use
Retail
$1.36M
$1.19M – $1.58M
NOI $94,882 @ 7.0% cap · market cap 5.58%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.45M
$1.27M – $1.69M
NOI $101,659 @ 7.0% cap · market cap 5.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
17,989 VPD
Traffic count
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
213
Businesses Nearby
36k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 67%
Dining 33%
Chevron
Shops & Services
13,067 visits/mo
0.4 miles
Circle K
Shops & Services
9,613 visits/mo
0.2 miles
Jimmy John's
Dining
4,337 visits/mo
0.4 miles
Krispy Krunchy Chicken
Dining
3,065 visits/mo
0.4 miles
Domino's Pizza
Dining
2,340 visits/mo
0.4 miles
Demographics for 70820, LA
23,470
Population
11,589
Households
2
Avg Household Size
26
Median Age
54%
College-Educated
94%
High-School Grad
20.6 sq mi
ZIP Area
1,139
Density / Sq Mi
$47,556
Median Household Income
$23,397
Median Earnings
$1,057
Median Rent
$293,900
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?
Strip mall - Fully leased multi-tenant retail property along Brightside Dr, approximately six minutes from LSU.
Where is this strip mall located?
The property is located at 1750 Brightside Dr Baton Baton Rouge, LA.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: Approximately 6,064 SF retail strip center; Six‑unit configuration with 100% occupancy; Approximately 17,989 annual average daily traffic along Brightside Dr
