Mixed-Use Property with
For Sale
$510,000
Pending
3185 Government St, Baton Rouge, LA 70806
The offering combines a retail building with a two-story duplex occupied by tenants.
Property Size1,300 SF
Lot Size0.29 Acres
Days on Market11
Property Features for 3185 Government St
General Information
Standard status
Pending
Size
1,300 SF
Lot size
0.29 Acres
Property subtype
Retail
Zoning
C1
Site & Location
Neighborhood
Mid City
Corner Location
Yes
Mixed-Use Components
retail, residential
Building Details
Buildings
2
Listing Agency:
Elifin Realty
Listed By:
Lindsay Redhead · License #0995702768
(800) 895-9329
Source:
Lacdb.resimplifi
Added: Oct 19
Changed: Oct 26
Last Checked: Oct 28 at 4:48AM
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 Elifin Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
At the Government Street and Beverly Drive corner in Baton Rouge, this mixed-use offering comprises two parcels totaling approximately 0.29 acres. Improvements include an approximately 1,200-square-foot retail building and an approximately 1,900-square-foot, two-story duplex with tenants in place. Both parcels carry C1 light-commercial zoning.
The site has approximately 237 feet of combined frontage along the two streets and lies approximately 1.3 miles from I-10. The retail and residential components provide distinct uses within the same two-parcel property.
The site has approximately 237 feet of combined frontage along the two streets and lies approximately 1.3 miles from I-10. The retail and residential components provide distinct uses within the same two-parcel property.
Key Highlights
- Two parcels total approximately 0.29 acres
- Approximately 1,200 SF retail building
- Approximately 1,900 SF two‑story duplex with tenants in place
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
1,437
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 - The offering combines a retail building with a two-story duplex occupied by tenants.
Where is this mixed-use property located?
The property is located at 3185 Government St 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: Two parcels total approximately 0.29 acres; Approximately 1,200 SF retail building; Approximately 1,900 SF two‑story duplex with tenants in place
