Manufacturing Complex With Secured
For Sale
$3,395,000
2524 N Flannery Rd, Baton Rouge, LA 70815
Three-building industrial property offers loading infrastructure, dual roadway access, and a stabilized yard for manufacturing operations.
Property Size43,300 SF
Lot Size12.00 Acres
Price / SF$78.41
Days on Market155
Property Features for 2524 N Flannery Rd
General Information
Standard status
Active
Size
43,300 SF
Lot size
12.00 Acres
Property subtype
Industrial - Manufacturing
Zoning
M-1 / C-2
Site & Location
Highway Access
Yes
Road Access
Yes
Outdoor Storage
Yes
Additional Details
Clear Height
20 ft
Building Details
Building Size
43,300 SF
Buildings
3
Listing Agency:
JRE Brokerage
(225) 413-7945
Listed By:
Troy Daigle · License #SALE.0000046558-ACT
Source:
Commercialcafe
Added: Mar 31
Changed: Aug 30
Last Checked: Aug 30 at 11:45AM
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
Investment Insights
Based on property information with market context.
This manufacturing complex includes three office-warehouse buildings with a combined 43,300 SF across approximately 12 acres. The improvements provide both dock-high and grade-level loading, along with clear heights of approximately 20 feet. A large stabilized, secured yard supports outdoor storage and industrial operations.
The property carries M-1 (Light Industrial) and C-2 (Heavy Commercial) zoning and has separate access points from North Flannery Road and Rushmore Drive. Connectivity extends to South Choctaw Drive, Central Thruway, and I-12. Waskey occupies one warehouse and most of the yard, while Fabricated Steel Products, Inc. leases a 17,300 SF office warehouse. The remaining building and approximately 1 acre are owner-occupied.
The property carries M-1 (Light Industrial) and C-2 (Heavy Commercial) zoning and has separate access points from North Flannery Road and Rushmore Drive. Connectivity extends to South Choctaw Drive, Central Thruway, and I-12. Waskey occupies one warehouse and most of the yard, while Fabricated Steel Products, Inc. leases a 17,300 SF office warehouse. The remaining building and approximately 1 acre are owner-occupied.
Key Highlights
- Three office‑warehouse buildings totaling 43,300 SF on approximately 12 acres
- M‑1 (Light Industrial) / C‑2 (Heavy Commercial) zoning
- Stabilized and secured yard with dual access from North Flannery Road and Rushmore Drive
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
$288,750
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
8.51%
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%
$5,775,000
$5.8M
Cap Rate 7%
$4,125,000
$4.1M
Cap Rate 9%
$3,208,333
$3.2M
Market Conditions
NOI Build-Up for 43,300 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
$420.9K $9.72/SF
− Vacancy
−$8.4K −$0.19/SF
EGI
$412.5K $9.53/SF
− OpEx
−$123.8K −$2.86/SF
NOI
$288.8K $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%
$5,775,000
Cap Rate 7%
$4,125,000
Cap Rate 9%
$3,208,333
Alternative Uses
Best Use
Warehouse
$5.01M
$4.38M – $5.84M
NOI $350,625 @ 7.0% cap · market cap 10.33%
Second Best
Industrial
$4.12M
$3.61M – $4.81M
NOI $288,750 @ 7.0% cap · market cap 8.51%
Theoretical Best
Specialty Retail
$10.37M
$9.07M – $12.10M
NOI $725,897 @ 7.0% cap · market cap 21.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
20 ft
Clear height
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
118
Businesses Nearby
Explore this area
Business Placement
Demographics for 70815, LA
29,376
Population
12,060
Households
2.4
Avg Household Size
37
Median Age
30%
College-Educated
86%
High-School Grad
9.5 sq mi
ZIP Area
3,092
Density / Sq Mi
$55,804
Median Household Income
$36,158
Median Earnings
$984
Median Rent
$213,100
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?
Manufacturing property - Three-building industrial property offers loading infrastructure, dual roadway access, and a stabilized yard for manufacturing operations.
Where is this manufacturing property located?
The property is located at 2524 N Flannery Rd Baton Rouge, LA.
What is the asking price?
The asking price for this property is $3,395,000.
What are key features of this property?
This property features: Three office‑warehouse buildings totaling 43,300 SF on approximately 12 acres; M‑1 (Light Industrial) / C‑2 (Heavy Commercial) zoning; Stabilized and secured yard with dual access from North Flannery Road and Rushmore Drive
