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    Flex-Industrial Property on College Drive Title is generated by Realmo AI

    3154 College Dr, Baton Rouge, LA 70808

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    Flex office/warehouse suites and retail space for lease.

    Type:Industrial, Retail
    Property size:
    36,720 SF
    Added:
    Oct 3, 2022
    Days on Market:
    1319
    Last Refresh:
    Mar 16 at 10:20 am

    Property Features for 3154 College Dr

    General Information

    Standard status
    Active
    Size
    36,720 SF
    Property subtype
    Industrial, Retail

    Spaces For Lease

    at 3154 College Dr Contact us

    Suite L $8 /Mo

    Size
    1,700 SF
    Type
    Industrial
    1,700 SF office/warehouse suite.
    Contact us

    Suite X $8 /Mo

    Size
    1,260 SF
    Type
    Industrial
    1,260 SF office/warehouse. Recently renovated.
    Contact us

    Suite V $8 /Mo

    Size
    1,260 SF
    Type
    Industrial
    1,260 SF office/warehouse.
    Contact us

    Suite U $8 /Mo

    Size
    1,260 SF
    Type
    Industrial
    1,260 SF office/warehouse.
    Contact us

    Suite A $18 /Mo

    Size
    1,000 SF
    Type
    Retail
    1,000 SF end-cap retail suite fronting College Dr.
    Contact us
    Show more

    We can help!

    Listing Contact
    Bryant Butler
    Bryant Butler

    Listing agent Bryant Butler License #LA SALE.995706731-ACT

    Listing office Beau Box Commercial Real Estate

    Listing date Oct 3, 2022

    Source Crexi

    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 Beau Box Commercial Real Estate

    HighLights

    • Excellent access to metro Baton Rouge via I‑10, I‑12, and Perkins Rd.
    • Flex‑industrial property with office/warehouse suites ranging from 1,260 SF to 2,000 SF.
    • Each flex suite includes office space and warehouse space with 1 grade‑level rollup door.
    • Surface parking lot with truck turnaround.
    • 13' ceiling height, approx. 12' clear in warehouse space.
    • 1,000 SF end‑cap retail suite available fronting College Drive.

    Overview

    The College Drive Service Center is a 36,720 square foot flex-industrial property situated on College Drive, between Perkins Road and Interstate 10. It features flex office and warehouse suites ranging from 1,260 to 2,000 square feet, as well as three retail suites. Each flex suite includes an office area and a warehouse area, complemented by one grade-level rollup door. The location provides access to metro Baton Rouge via Interstates 10 and 12, and Perkins Road. A surface parking lot is available, which includes a truck turnaround area. The office and warehouse spaces generally consist of an office, a bathroom, and an open or flex area, in addition to the warehouse space. Each suite has a 12' x 12' grade-level door and a 13' ceiling height, with an approximate 12' clear height. A 1,000 square foot end-cap retail suite is also available, fronting College Drive.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Cagley Construction, LLC Construction Company All American Sew ... General Contractor Riverside Limousines Limousine Service Interstate All Battery ... Auto Parts Store Xplicit Cutz Barber Shop

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Cater LJK — Baton Rouge, LA 70808
    • The Caterie — 3753 Perkins Rd D, Baton Rouge, LA 70808

    Location Insight

    • Map
    • Local Demand
    City
    Baton Rouge
    County
    East Baton Rouge
    State
    Louisiana
    Longitude
    -91.1429107
    Latitude
    30.417884

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    FAQs

    What type of property is this?
    Flex space - Flex office/warehouse suites and retail space for lease.
    Where is this flex space located?
    The property is located at 3154 College Dr Baton Rouge, LA.
    What are key features of this property?
    This property features: Excellent access to metro Baton Rouge via I‑10, I‑12, and Perkins Rd.; Flex‑industrial property with office/warehouse suites ranging from 1,260 SF to 2,000 SF.; Each flex suite includes office space and warehouse space with 1 grade‑level rollup door.
    (225) 237-3348 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Bryant Butler
    Bryant Butler
    Real Estate License ID: LA SALE.995706731-ACT
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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