Small Retail Storefront
For Sale
Contact for pricing
2285 N ACADIAN THRUWAY W, Baton Rouge, LA 70802
Existing small storefront property on a high-traffic corridor, suited for retail, convenience use, office, or redevelopment.
Property Size510 SF
Lot Size0.19 Acres
Price / SF$588.24
Days on Market130
Property Features for 2285 N ACADIAN THRUWAY W
General Information
Standard status
Active
Size
510 SF
Lot size
0.19 Acres
Property subtype
Retail
Additional Details
Highway Access
Yes
Building Details
Units
1
Listing Agency:
Mikel Realty
Listed By:
Mikel Key · License #LA 995692231
(225) 270-6751
Source:
Crexi
Added: May 4
Changed: Sep 6
Last Checked: Sep 9 at 8:17AM
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 Mikel Realty
Investment Insights
Based on property information with market context.
This for-sale storefront property includes an existing structure of approximately 510 square feet on about 0.19 acres. The site is presented as a flexible option for a small retail concept, a convenience store, an office, or redevelopment.
The property is positioned along North Acadian Thruway in the Fairfields area, with easy access to major corridors including Plank Road, Florida Boulevard, and Interstate systems. Public transportation access along North Acadian is also noted for additional visibility and customer accessibility. The surrounding area includes nearby residential neighborhoods and an established commercial corridor with nearby businesses and services, supported by reported strong daily traffic and over 75,000 people within a 3-mile radius.
The property is positioned along North Acadian Thruway in the Fairfields area, with easy access to major corridors including Plank Road, Florida Boulevard, and Interstate systems. Public transportation access along North Acadian is also noted for additional visibility and customer accessibility. The surrounding area includes nearby residential neighborhoods and an established commercial corridor with nearby businesses and services, supported by reported strong daily traffic and over 75,000 people within a 3-mile radius.
Key Highlights
- Commercial property along North Acadian Thruway in the Fairfields area
- Approx. 0.19‑acre site with an existing structure of roughly 510 SF
- Suitable for small retail, convenience store, office, or redevelopment
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
$8,550
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
2.85%
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%
$171,000
$171.0K
Cap Rate 7%
$122,143
$122.1K
Cap Rate 9%
$95,000
$95.0K
Market Conditions
NOI Build-Up for 510 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
$11.4K $22.44/SF
− Vacancy
−$45 −$0.09/SF
EGI
$11.4K $22.35/SF
− OpEx
−$2.8K −$5.59/SF
NOI
$8.5K $16.76/SF
Area
Baton Rouge, LA
Vacancy
0.39%
Lease Rate
$22.44 /SF/Yr
Expense Ratio
25.00%
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%
$171,000
Cap Rate 7%
$122,143
Cap Rate 9%
$95,000
Alternative Uses
Best Use
Specialty Retail
$122.1K
$106.9K – $142.5K
NOI $8,550 @ 7.0% cap · market cap 2.85%
Second Best
Retail
$114.0K
$99.8K – $133.0K
NOI $7,980 @ 7.0% cap · market cap 2.66%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
421
Businesses Nearby
37k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 65%
Dining 30%
Electronics 4%
Popeyes Louisiana Kitchen
Dining
11,210 visits/mo
0.2 miles
Dollar Tree
Shops & Services
10,291 visits/mo
0.5 miles
Family Dollar
Shops & Services
7,981 visits/mo
0.3 miles
AutoZone
Shops & Services
2,617 visits/mo
0.4 miles
Whitney Bank
Shops & Services
2,124 visits/mo
0.5 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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Similar Off Market Nearby
- City town meat market # 4 — 3475 N Acadian Thruway, Baton Rouge, LA 70805
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Existing small storefront property on a high-traffic corridor, suited for retail, convenience use, office, or redevelopment.
Where is this grocery and convenience store located?
The property is located at 2285 N ACADIAN THRUWAY W Baton Rouge, LA.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Commercial property along North Acadian Thruway in the Fairfields area; Approx. 0.19‑acre site with an existing structure of roughly 510 SF; Suitable for small retail, convenience store, office, or redevelopment
