Flex Space with Concrete
For Sale
$132,000
1815 Wooddale Ct, Baton Rouge, LA 70806
Flex space in Baton Rouge with a concrete driveway and access to major regional thoroughfares.
Property Size1,250 SF
Price / SF$105.60
Days on Market278
Property Features for 1815 Wooddale Ct
General Information
Standard status
Active
Size
1,250 SF
Property subtype
General Commercial
Additional Details
Highway Access
Yes
Amenities
3
Concrete Driveway.
50 x 180
Listing Agency:
Century 21 Heritage
(903) 658-0646
Listed By:
Martha McDougal · License #0503243
(903) 658-0646
Source:
Xome
Added: Nov 27, 2025
Changed: Aug 31
Last Checked: Aug 31 at 3:22PM
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 Century 21 Heritage
Investment Insights
Based on property information with market context.
This flex space is located at 1815 Wooddale Ct in Baton Rouge, Louisiana. The property includes a concrete driveway and exterior dimensions of 50 x 180.
Florida Blvd and Airline Highway are identified as major thoroughfares serving the Baton Rouge area. The address is within the 70806 ZIP code and is offered for sale.
Florida Blvd and Airline Highway are identified as major thoroughfares serving the Baton Rouge area. The address is within the 70806 ZIP code and is offered for sale.
Key Highlights
- Flex space at 1815 Wooddale Ct, Baton Rouge, LA 70806
- Concrete driveway
- Exterior dimensions of 50 x 180
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
$8,336
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
6.32%
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%
$166,720
$166.7K
Cap Rate 7%
$119,086
$119.1K
Cap Rate 9%
$92,622
$92.6K
Market Conditions
NOI Build-Up for 1,250 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
$12.2K $9.72/SF
− Vacancy
−$242 −$0.19/SF
EGI
$11.9K $9.53/SF
− OpEx
−$3.6K −$2.86/SF
NOI
$8.3K $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%
$166,720
Cap Rate 7%
$119,086
Cap Rate 9%
$92,622
Alternative Uses
Best Use
Industrial
$119.1K
$104.2K – $138.9K
NOI $8,336 @ 7.0% cap · market cap 6.32%
Second Best
Flex RnD
$116.0K
$101.5K – $135.4K
NOI $8,122 @ 7.0% cap · market cap 6.15%
Theoretical Best
Specialty Retail
$299.4K
$261.9K – $349.3K
NOI $20,955 @ 7.0% cap · market cap 15.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
876
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 70806, LA
27,898
Population
14,972
Households
1.9
Avg Household Size
37
Median Age
40%
College-Educated
90%
High-School Grad
8.9 sq mi
ZIP Area
3,135
Density / Sq Mi
$53,430
Median Household Income
$41,894
Median Earnings
$1,014
Median Rent
$321,400
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Similar Off Market Nearby
- cuzn cookn&catering llc — 6851 Rembrandt Ave, Baton Rouge, LA 70806
- Dee's Delightful Catering Service LLC — 8386 Airline Hwy, Baton Rouge, LA 70815
Frequently Asked Questions
What type of property is this?
Flex space - Flex space in Baton Rouge with a concrete driveway and access to major regional thoroughfares.
Where is this flex space located?
The property is located at 1815 Wooddale Ct Baton Rouge, LA.
What is the asking price?
The asking price for this property is $132,000.
What are key features of this property?
This property features: Flex space at 1815 Wooddale Ct, Baton Rouge, LA 70806; Concrete driveway; Exterior dimensions of 50 x 180
