Mixed-Use Property with
New
For Sale
$510,000
3185 Government St & 460 Beverly Dr, Baton Rouge, LA 70806
Retail space and an occupied two-story residential component share a C1-zoned corner parcel.
Property Size1,300 SF
Days on Market3
Property Features for 3185 Government St & 460 Beverly Dr
General Information
Standard status
Active
Size
1,300 SF
Property subtype
Retail
Zoning
C1
Additional Details
Corner Location
Yes
Building Details
Building Size
1,300 SF
Buildings
2
Listed By:
Lindsay Redhead, MBA
(225) 938-3148
Source:
Elifinrealty
Added: Oct 20
Changed: Oct 21
Last Checked: Oct 21 at 2:30AM
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 Lindsay Redhead, MBA
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Investment Insights
Based on property information with market context.
At 3185 Government St and 460 Beverly Dr in Baton Rouge, this mixed-use property combines an approximately 1,200-square-foot retail building with an approximately 1,900-square-foot, two-story duplex. Tenants are in place in the duplex, and the property is zoned C1 – Light Commercial.
The corner site has 237 feet of frontage across two street sides and lies approximately 1.3 miles from I-10. The existing retail and residential buildings provide distinct commercial and residential components on the same property.
The corner site has 237 feet of frontage across two street sides and lies approximately 1.3 miles from I-10. The existing retail and residential buildings provide distinct commercial and residential components on the same property.
Key Highlights
- Approximately 1,200‑square‑foot retail building
- Approximately 1,900‑square‑foot, two‑story duplex with tenants in place
- Corner property with 237 feet of combined frontage on two street sides
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,341
Cap Rate
3.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$406,820
$406.8K
Cap Rate 7%
$290,586
$290.6K
Cap Rate 9%
$226,011
$226.0K
Market Conditions
NOI Build-Up for 1,300 SF
Gross rent
$29.2K $22.44/SF
− Vacancy
−$114 −$0.09/SF
EGI
$29.1K $22.35/SF
− OpEx
−$8.7K −$6.71/SF
NOI
$20.3K $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 Rate 5%
$406,820
Cap Rate 7%
$290,586
Cap Rate 9%
$226,011
Alternative Uses
Best Use
Retail
$290.6K
$254.3K – $339.0K
NOI $20,341 @ 7.0% cap · market cap 3.99%
Second Best
Multifamily LT 5
$191.7K
$167.8K – $223.7K
NOI $13,420 @ 7.0% cap · market cap 2.63%
Theoretical Best
Specialty Retail
$311.3K
$272.4K – $363.2K
NOI $21,794 @ 7.0% cap · market cap 4.27%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,514
Businesses Nearby
Explore this area
Business Placement
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 Multifamily in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Retail space and an occupied two-story residential component share a C1-zoned corner parcel.
Where is this mixed-use property located?
The property is located at 3185 Government St & 460 Beverly Dr Baton Rouge, LA.
What is the asking price?
The asking price for this property is $510,000.
What are key features of this property?
This property features: Approximately 1,200‑square‑foot retail building; Approximately 1,900‑square‑foot, two‑story duplex with tenants in place; Corner property with 237 feet of combined frontage on two street sides
