Millerville Road Commercial
For Sale
$1,800,000
2875 Millerville Rd, Baton Rouge, LA 70816
Versatile commercial property with warehouse, office, showroom, and fenced yard.
Property Size7,500 SF
Price / SF$240
Days on Market331
Property Features for 2875 Millerville Rd
General Information
Standard status
Active
Size
7,500 SF
Property subtype
Industrial
Building Details
Building Size
7,500 SF
Listing Agency:
NAI Rampart Commercial Real Estate Baton Rouge
Listed By:
Blake Howard
(501) 416-4538
Source:
Naiglobal
Added: Nov 21, 2025
Changed: Oct 16
Last Checked: Oct 16 at 5:52AM
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 NAI Rampart Commercial Real Estate Baton Rouge
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Investment Insights
Based on property information with market context.
Located on Millerville Road in Baton Rouge, less than a quarter mile south of Interstate 12, this property offers excellent access and visibility. The site features a 7,200 SF building that includes warehouse space, office areas, and a showroom, offering versatile functionality for a range of industrial and commercial uses. Situated on approximately 2 acres, the property also includes a 53,000 SF fenced and stabilized yard, ideal for outdoor storage, fleet parking, or equipment staging. The property is currently leased to Golf Carts of Louisiana, a well-established tenant with 5 years remaining on the lease, providing stable income for investors.
Key Highlights
- Strategic location on Millerville Road, less than a quarter mile south of Interstate 12, offering excellent access and visibility.
- Currently leased to Golf Carts of Louisiana with 5 years remaining on the lease, providing stable income.
- Features a 7,200 SF building with warehouse, office, and showroom space.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$117,351
Cap Rate
6.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,347,020
$2.3M
Cap Rate 7%
$1,676,443
$1.7M
Cap Rate 9%
$1,303,900
$1.3M
Market Conditions
NOI Build-Up for 7,500 SF
Gross rent
$168.3K $22.44/SF
− Vacancy
−$656 −$0.09/SF
EGI
$167.6K $22.35/SF
− OpEx
−$50.3K −$6.71/SF
NOI
$117.4K $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 Rate 5%
$2,347,020
Cap Rate 7%
$1,676,443
Cap Rate 9%
$1,303,900
Alternative Uses
Best Use
Retail
$1.68M
$1.47M – $1.96M
NOI $117,351 @ 7.0% cap · market cap 6.52%
Second Best
Warehouse
$867.6K
$759.2K – $1.01M
NOI $60,732 @ 7.0% cap · market cap 3.37%
Theoretical Best
Specialty Retail
$1.80M
$1.57M – $2.10M
NOI $125,733 @ 7.0% cap · market cap 6.99%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
411
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 70816, LA
45,232
Population
21,024
Households
2.2
Avg Household Size
34
Median Age
36%
College-Educated
94%
High-School Grad
16.3 sq mi
ZIP Area
2,775
Density / Sq Mi
$65,894
Median Household Income
$39,344
Median Earnings
$1,155
Median Rent
$232,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- North American Van Lines — 13455. S. Harrell, 13455 S Harrells Ferry Rd Suite 100, Baton Rouge, LA 70816
- David Moving Company — 13455 S Harrells Ferry Rd, Baton Rouge, LA 70816
- Stevens Storage Units — 2168 O'Neal Ln, Baton Rouge, LA 70816
- Near2Me Storage Units — 13606 millerville greens blvd, baton rouge, la 70816
- The Storage Center — 1920 O'Neal Ln, Baton Rouge, LA 70816
Frequently Asked Questions
What type of property is this?
Warehouse - Versatile commercial property with warehouse, office, showroom, and fenced yard.
Where is this warehouse located?
The property is located at 2875 Millerville Rd Baton Rouge, LA.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Strategic location on Millerville Road, less than a quarter mile south of Interstate 12, offering **excellent access and visibility**.; Currently leased to Golf Carts of Louisiana with 5 years remaining on the lease, providing **stable income**.; Features a **7,200 SF building** with warehouse, office, and showroom space.
