C1-Zoned Storefront
For Sale
$350,000
2836 Government St, Baton Rouge, LA 70806
Commercial building along Government Street in Baton Rouge’s Mid-City corridor.
Property Size2,000 SF
Price / SF$175
Days on Market71
Property Features for 2836 Government St
General Information
Standard status
Active
Size
2,000 SF
Property subtype
Retail
Zoning
C1
Listing Agency:
Maestri-Murrell Inc
(337) 591-6411
Listed By:
Drew Gonzales · License #0000008180
(337) 591-6411
Source:
Lacdb.resimplifi
Added: Jun 22
Changed: Aug 29
Last Checked: Aug 31 at 1:21PM
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 Maestri-Murrell Inc
Investment Insights
Based on property information with market context.
This storefront property includes a 2,000-square-foot commercial building at 2836 Government Street in Baton Rouge. The site is located within the city’s Mid-City corridor and carries C1 zoning, providing a defined commercial land-use designation.
The property’s Government Street address places the building within an established Baton Rouge corridor. Its storefront configuration and commercial zoning provide a straightforward basis for evaluating retail or other uses permitted under the applicable designation.
The property’s Government Street address places the building within an established Baton Rouge corridor. Its storefront configuration and commercial zoning provide a straightforward basis for evaluating retail or other uses permitted under the applicable designation.
Key Highlights
- 2,000‑square‑foot commercial building
- C1 zoning
- Located at 2836 Government Street
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
$31,293
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
8.94%
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%
$625,860
$625.9K
Cap Rate 7%
$447,043
$447.0K
Cap Rate 9%
$347,700
$347.7K
Market Conditions
NOI Build-Up for 2,000 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
$44.9K $22.44/SF
− Vacancy
−$175 −$0.09/SF
EGI
$44.7K $22.35/SF
− OpEx
−$13.4K −$6.71/SF
NOI
$31.3K $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 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%
$625,860
Cap Rate 7%
$447,043
Cap Rate 9%
$347,700
Alternative Uses
Best Use
Retail
$447.0K
$391.2K – $521.6K
NOI $31,293 @ 7.0% cap · market cap 8.94%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$479.0K
$419.1K – $558.8K
NOI $33,529 @ 7.0% cap · market cap 9.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,361
Businesses Nearby
46k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 57%
Dining 40%
Electronics 3%
Family Dollar
Shops & Services
12,803 visits/mo
0.3 miles
Circle K
Shops & Services
10,572 visits/mo
0.5 miles
French Truck Coffee
Dining
8,877 visits/mo
0.1 miles
Domino's Pizza
Dining
5,137 visits/mo
0.1 miles
Pizza Hut
Dining
4,505 visits/mo
0.1 miles
Demographics for 70806, LA
27,898
Population
14,972
Households
1.9
Avg Household Size
37
Median Age
40%
College-Educated
90%
High-School Grad
8.9 sq mi
ZIP Area
3,135
Density / Sq Mi
$53,430
Median Household Income
$41,894
Median Earnings
$1,014
Median Rent
$321,400
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- The Original Heromans — 2291 Government St, Baton Rouge, LA 70806
Frequently Asked Questions
What type of property is this?
Storefront property - Commercial building along Government Street in Baton Rouge’s Mid-City corridor.
Where is this storefront property located?
The property is located at 2836 Government St Baton Rouge, LA.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 2,000‑square‑foot commercial building; C1 zoning; Located at 2836 Government Street
