Flex Industrial Building With Secure
For Sale
Contact for pricing
2838 Crater Lake Dr, Baton Rouge, LA 70814
Secured yard with separate office and warehouse areas supports flexible industrial operations.
Property Size5,000 SF
Price / SF$0.45
Days on Market181
Property Features for 2838 Crater Lake Dr
General Information
Standard status
Active
Size
5,000 SF
Property subtype
Industrial
Zoning
M1
Lease Type
NNN
Listing Agency:
GoldenX Realty
Listed By:
Allen Lewis · License #995698258
(225) 288-0742
Source:
Lacdb.resimplifi
Added: Apr 21
Changed: Oct 7
Last Checked: Oct 16 at 5:47AM
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 GoldenX Realty
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Investment Insights
Based on property information with market context.
This 5,000-square-foot flex industrial property combines approximately 300 square feet of office space with two warehouse areas. The front warehouse contains about 2,900 square feet and three bay doors, while the rear warehouse provides approximately 1,800 square feet and two bay doors. A fenced, secured side yard includes grade-level drive-in access.
The property is located in the S Choctaw Industrial Corridor near Mammoth Ave and approximately 1 mile from the new Amazon Distribution fulfillment center. M-1 zoning supports its industrial setting. The building is currently occupied and scheduled to be available September 1, 2026. Showings are by appointment and require coordination around the existing tenant.
The property is located in the S Choctaw Industrial Corridor near Mammoth Ave and approximately 1 mile from the new Amazon Distribution fulfillment center. M-1 zoning supports its industrial setting. The building is currently occupied and scheduled to be available September 1, 2026. Showings are by appointment and require coordination around the existing tenant.
Key Highlights
- 5,000‑square‑foot flex industrial property with approximately 300 square feet of office space
- Front warehouse includes approximately 2,900 square feet and 3 bay doors
- Rear warehouse provides approximately 1,800 square feet and 2 bay doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,487
Suggested Prices Based on Cap Rates
Cap Rate 5%
$649,740
$649.7K
Cap Rate 7%
$464,100
$464.1K
Cap Rate 9%
$360,967
$361.0K
Market Conditions
NOI Build-Up for 5,000 SF
Gross rent
$51.0K $10.20/SF
− Vacancy
−$1.0K −$0.20/SF
EGI
$50.0K $10.00/SF
− OpEx
−$17.5K −$3.50/SF
NOI
$32.5K $6.50/SF
Area
Baton Rouge, LA
Vacancy
2.00%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$649,740
Cap Rate 7%
$464,100
Cap Rate 9%
$360,967
Alternative Uses
Best Use
Office B
$683.2K
$597.8K – $797.1K
NOI $47,824 @ 7.0% cap · market cap 2,125.51%
Second Best
Warehouse
$578.4K
$506.1K – $674.8K
NOI $40,488 @ 7.0% cap · market cap 1,799.47%
Theoretical Best
Specialty Retail
$1.20M
$1.05M – $1.40M
NOI $83,822 @ 7.0% cap · market cap 3,725.42%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
406
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 70814, LA
14,061
Population
5,126
Households
2.7
Avg Household Size
37
Median Age
19%
College-Educated
92%
High-School Grad
8.9 sq mi
ZIP Area
1,580
Density / Sq Mi
$53,280
Median Household Income
$36,031
Median Earnings
$1,064
Median Rent
$181,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- Catering Cajun — 1625 N Airway Dr, Baton Rouge, LA 70815
Frequently Asked Questions
What type of property is this?
Flex space - Secured yard with separate office and warehouse areas supports flexible industrial operations.
Where is this flex space located?
The property is located at 2838 Crater Lake Dr Baton Rouge, LA.
What are key features of this property?
This property features: 5,000‑square‑foot flex industrial property with approximately 300 square feet of office space; Front warehouse includes approximately 2,900 square feet and 3 bay doors; Rear warehouse provides approximately 1,800 square feet and 2 bay doors
