Grocery-Anchored Corner Retail
For Sale
Contact for pricing
18300-18400 Old Perkins Rd E, Baton Rouge, LA 70810
Upscale grocery anchored retail center at the corner of Highland and Old Perkins in Baton Rouge, LA.
Property Size29,000 SF
Days on Market119
Property Features for 18300-18400 Old Perkins Rd E
General Information
Standard status
Active
Size
29,000 SF
Property subtype
Retail
Lease Term
NNN
Building Details
Building Size
29,000 SF
Listing Agency:
JRE Brokerage
Listed By:
Will Chadwick · License #SALE.995691229‐ACT
(225) 753-3573
Source:
Gojre
Added: Jun 25
Changed: Oct 16
Last Checked: Oct 20 at 7:42PM
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 JRE Brokerage
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Highland Park Marketplace is an upscale grocery anchored retail center offered for sale. The center is situated at the corner of Highland and Old Perkins, creating a prominent retail setting for everyday shopping uses.
The property is located at 18300–18400 Old Perkins Rd E in Baton Rouge, Louisiana 70810. The grocery anchor provides a built-in customer draw for the surrounding retail mix within the marketplace.
The property is located at 18300–18400 Old Perkins Rd E in Baton Rouge, Louisiana 70810. The grocery anchor provides a built-in customer draw for the surrounding retail mix within the marketplace.
Key Highlights
- Upscale grocery‑anchored retail center
- Located at the corner of Highland and Old Perkins in Baton Rouge, LA
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$453,755
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,075,100
$9.1M
Cap Rate 7%
$6,482,214
$6.5M
Cap Rate 9%
$5,041,722
$5.0M
Market Conditions
NOI Build-Up for 29,000 SF
Gross rent
$650.8K $22.44/SF
− Vacancy
−$2.5K −$0.09/SF
EGI
$648.2K $22.35/SF
− OpEx
−$194.5K −$6.71/SF
NOI
$453.8K $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 Rate 5%
$9,075,100
Cap Rate 7%
$6,482,214
Cap Rate 9%
$5,041,722
Alternative Uses
Best Use
Specialty Retail
$6.95M
$6.08M – $8.10M
NOI $486,167 @ 7.0% cap · market cap 1,705,849.12%
Second Best
Retail
$6.48M
$5.67M – $7.56M
NOI $453,755 @ 7.0% cap · market cap 1,592,122.81%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
431
Businesses Nearby
160k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 42%
Shops & Services 36%
Home Improvements & Furnishings 20%
Beauty & Spa 2%
The Home Depot
Home Improvements & Furnishings
31,538 visits/mo
0.4 miles
Exxon
Shops & Services
19,586 visits/mo
0.3 miles
Circle K
Shops & Services
19,169 visits/mo
0.4 miles
Shell
Shops & Services
18,085 visits/mo
0.5 miles
Starbucks
Dining
15,777 visits/mo
0.3 miles
Demographics for 70810, LA
42,472
Population
19,195
Households
2.2
Avg Household Size
38
Median Age
55%
College-Educated
95%
High-School Grad
26.2 sq mi
ZIP Area
1,621
Density / Sq Mi
$93,712
Median Household Income
$52,510
Median Earnings
$1,406
Median Rent
$353,100
Median Home Value
Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Highland Park Marketplace — 18303 Perkins Rd E, Baton Rouge, LA 70810
- stay gold beauty — 18303 Perkins Rd E, Baton Rouge, LA 70810
- Highland Commons — LA-42, Baton Rouge, LA 70809
Frequently Asked Questions
What type of property is this?
Shopping center - Upscale grocery anchored retail center at the corner of Highland and Old Perkins in Baton Rouge, LA.
Where is this shopping center located?
The property is located at 18300-18400 Old Perkins Rd E Baton Rouge, LA.
What are key features of this property?
This property features: Upscale grocery‑anchored retail center; Located at the corner of Highland and Old Perkins in Baton Rouge, LA
