Commercial Flex
For Sale
$400,000
273 N 15th St, Port Allen, LA 70767
The space is presented for retail, office, professional services, showroom, or event use.
Property Size5,159 SF
Price / SF$77.53
Days on Market8
Property Features for 273 N 15th St
General Information
Standard status
Active
Size
5,159 SF
Listing Agency:
Keller Williams Realty Red Stick Partners
Listed By:
Clonise Stewart · License #0000007968
(225) 768-1800
Source:
Smithsquared
Added: Sep 30
Changed: Oct 1
Last Checked: Oct 5 at 9:45PM
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 Keller Williams Realty Red Stick Partners
Investment Insights
Based on property information with market context.
This 5,159-square-foot flex property at 273 N 15th St in Port Allen offers interior space described for a range of commercial functions. Potential uses identified include retail, office, professional services, showroom, and event space.
Key Highlights
- 5,159 square feet of flex space
- Potential uses include retail, office, professional services, showroom, and event space
- Located at 273 N 15th St in Port Allen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,403
Cap Rate
8.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$688,060
$688.1K
Cap Rate 7%
$491,471
$491.5K
Cap Rate 9%
$382,256
$382.3K
Market Conditions
NOI Build-Up for 5,159 SF
Gross rent
$50.1K $9.72/SF
− Vacancy
−$998 −$0.19/SF
EGI
$49.1K $9.53/SF
− OpEx
−$14.7K −$2.86/SF
NOI
$34.4K $6.67/SF
Area
West Baton Rouge County, 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 Rate 5%
$688,060
Cap Rate 7%
$491,471
Cap Rate 9%
$382,256
Alternative Uses
Best Use
Retail
$1.15M
$1.01M – $1.35M
NOI $80,722 @ 7.0% cap · market cap 20.18%
Second Best
Industrial
$491.5K
$430.0K – $573.4K
NOI $34,403 @ 7.0% cap · market cap 8.60%
Theoretical Best
Specialty Retail
$1.24M
$1.08M – $1.44M
NOI $86,487 @ 7.0% cap · market cap 21.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
355
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 70767, LA
15,309
Population
6,817
Households
2.2
Avg Household Size
40
Median Age
18%
College-Educated
85%
High-School Grad
152.6 sq mi
ZIP Area
100
Density / Sq Mi
$71,964
Median Household Income
$45,069
Median Earnings
$934
Median Rent
$197,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- BTR Catering Llc — 141 Harry Brown St, Port Allen, LA 70767
Frequently Asked Questions
What type of property is this?
Flex space - The space is presented for retail, office, professional services, showroom, or event use.
Where is this flex space located?
The property is located at 273 N 15th St Port Allen, LA.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: 5,159 square feet of flex space; Potential uses include retail, office, professional services, showroom, and event space; Located at 273 N 15th St in Port Allen
