Warehouse with Rail and
For Sale
$1,850,000
2125 Sorrel Avenue, Baton Rouge, LA 70802
25,000 SF warehouse with coolers, truck well, and rail.
Property Size25,000 SF
Price / SF$74
Days on Market269
Property Features for 2125 Sorrel Avenue
General Information
Standard status
Active
Size
25,000 SF
Class
B
Property subtype
Industrial
Building Details
Building Size
25,000 SF
Listing Agency:
Lee & Associates Louisiana
(318) 282-2974
Listed By:
Tom McGee
(318) 282-2974
Source:
Lee-associates
Added: Nov 26, 2025
Changed: Aug 17
Last Checked: Aug 22 at 4:25AM
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 Lee & Associates Louisiana
Investment Insights
Based on property information with market context.
This 25,000 square foot warehouse, formerly a seafood processing plant, features two 2,250 square foot coolers and a large truck well with space for four trucks. It includes two 16' wide by 14' tall roll-up doors and a single 12' x 12' grade-level roll-up door. The property has rail access on an 8-car rail spur. It is suitable for use as a seafood processing plant, cold/food storage distribution center, or a generic distribution center. Located in the North Baton Rouge Development Company Industrial Park, the property benefits from heavy industrial zoning (M-1 or M-2) and excellent rail access. The industrial park is situated just north of the Governor's Mansion and south of the Exxon Refinery, providing easy access to Interstate 10.
Key Highlights
- 25,000 SF warehouse ideal for seafood processing, cold/food storage, or general distribution.
- Benefit from rail access via an 8‑car rail spur.
- Features two large 2,250 SF coolers.
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
$166,715
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
9.01%
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%
$3,334,300
$3.3M
Cap Rate 7%
$2,381,643
$2.4M
Cap Rate 9%
$1,852,389
$1.9M
Market Conditions
NOI Build-Up for 25,000 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
$243.0K $9.72/SF
− Vacancy
−$4.8K −$0.19/SF
EGI
$238.2K $9.53/SF
− OpEx
−$71.4K −$2.86/SF
NOI
$166.7K $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%
$3,334,300
Cap Rate 7%
$2,381,643
Cap Rate 9%
$1,852,389
Alternative Uses
Best Use
Warehouse
$2.89M
$2.53M – $3.37M
NOI $202,440 @ 7.0% cap · market cap 10.94%
Second Best
Industrial
$2.38M
$2.08M – $2.78M
NOI $166,715 @ 7.0% cap · market cap 9.01%
Theoretical Best
Specialty Retail
$5.99M
$5.24M – $6.99M
NOI $419,109 @ 7.0% cap · market cap 22.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
309
Businesses Nearby
Explore this area
Business Placement
Demographics for 70802, LA
26,519
Population
13,887
Households
1.9
Avg Household Size
29
Median Age
24%
College-Educated
82%
High-School Grad
7.1 sq mi
ZIP Area
3,735
Density / Sq Mi
$34,082
Median Household Income
$23,215
Median Earnings
$935
Median Rent
$105,100
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Distribution center - 25,000 SF warehouse with coolers, truck well, and rail.
Where is this distribution center located?
The property is located at 2125 Sorrel Avenue Baton Rouge, LA.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: 25,000 SF warehouse ideal for seafood processing, cold/food storage, or general distribution.; Benefit from rail access via an 8‑car rail spur.; Features two large 2,250 SF coolers.
