Retail Strip Center For
18291 Highland Rd Baton Rouge, LA 70810
18291 Highland Rd, Baton Rouge, LA, 70810
Contact for pricing
For Sale
Contact for pricing
Retail strip center in Baton Rouge with income potential.
Property Size9,500 SF
Price / SF$252.63
Days on Market1786
Property Features for 18291 Highland Rd
General Information
- Standard status
- Active
- Size
- 9,500 SF
- Property subtype
- Retail
Listing agency
Kurz & Hebert
(225) 925-0600
Listed by
Mark Hebert · License #LA
Source
Crexi
Added: Aug 31, 2021 Updated: Jul 6 at 8:41AM Checked: Jul 19 at 4:13AM
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 Kurz & Hebert
Investment Insights
Based on property information with market context.
This retail strip center is located on an outparcel of Home Depot along Highland Road, across from the Highland Market Place. The property is situated in a South Baton Rouge location near the intersection of Highland Road and Interstate 10. The surrounding area features high-income demographics within the Baton Rouge Metropolitan Statistical Area. The property has a total size of 9,500 square feet. Currently, the property is 76% occupied with stable tenants. A 2,500 square foot end cap unit is available, which can be divided into two 1,250 square foot spaces. This presents an opportunity for an owner-occupant to take advantage of financing terms and generate income.
Key Highlights
- Premier location: Outparcel of Home Depot on Highland Road, across from Highland Market Place.
- High‑income demographics: Located in the Baton Rouge MSA's highest income area.
- Income‑generating: 76% occupied with stable tenants.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $213.2k | $22.44 |
| − Vacancy | −$831 | −$0.09 |
| EGI | $212.3k | $22.35 |
| − OpEx | −$63.7k | −$6.71 |
| NOI | $148.6k | $15.65 |
9,500 SF · lease $22.44/SF/yr · vacancy 0.39% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.12M
$1.86M – $2.48M
NOI $148,644 @ 7.0% cap · market cap 6.19%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.28M
$1.99M – $2.65M
NOI $159,261 @ 7.0% cap · market cap 6.64%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Resilient Chiropractic
Alternative Medicine Practice
Dr. Amanda Engels
Alternative Medicine Practice
Hello Sushi
Restaurant
Debrah O'hara
Alternative Medicine Practice
Sharkey's Cuts for Kids ...
Hair Salon
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FAQs
What type of property is this?
Strip mall - Retail strip center in Baton Rouge with income potential.
Where is this strip mall located?
The property is located at 18291 Highland Rd Baton Rouge, LA.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: Premier location: Outparcel of Home Depot on Highland Road, across from Highland Market Place.; High‑income demographics: Located in the Baton Rouge MSA's highest income area.; Income‑generating: 76% occupied with stable tenants.
