3202 S Sherwood Forest Blvd, Baton Rouge, LA 70816

Listing Agency: Keller Williams First Choice

Listed By: Jeff Zheng · License LA #0995700118 Show Phone

Source: Crexi

Added: Nov 5 Changed: Nov 8 Last Checked: Nov 8 at 6:10PM

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

This 8,365-square-foot restaurant building in Baton Rouge was renovated two years ago. Kitchen and dining equipment convey with the property, and the building previously operated as Ombu Buffet.

The property is located at 3202 S Sherwood Forest Blvd. Its restaurant configuration and included equipment provide a basis for continued restaurant use or leasing to a restaurant operator.

Key Highlights

• 8,365 SF restaurant building
• Kitchen and dining equipment convey with the property
• Renovated two years ago

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$140,234

Cap Rate

8.50%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,804,680 $2.8M

Cap Rate 7%

$2,003,343 $2.0M

Cap Rate 9%

$1,558,156 $1.6M

Is this asking price fair?

Market Conditions

NOI Build-Up for 8,365 SF

Gross rent

$187.7K $22.44/SF

− Vacancy

−$732 −$0.09/SF

EGI

$187.0K $22.35/SF

− OpEx

−$46.7K −$5.59/SF

NOI

$140.2K $16.76/SF

Area

Baton Rouge, LA

Vacancy

0.39%

Lease Rate

$22.44 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,804,680

Cap Rate 7%

$2,003,343

Cap Rate 9%

$1,558,156

Alternative Uses

Best Use

Specialty Retail

$2.00M

$1.75M – $2.34M (±1% cap)

NOI $140,234 @ 7.0% cap · market cap 8.50%

Second Best

—

—

no second resolved use

Theoretical Best

—

—

same as Best Use

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Volcano Restaurant

Suggested Use

Top Pick Building Supply Big Box & Wholesale Store Garden Center Gym & Fitness Center Kitchen & Bath Showroom Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,664

Businesses Nearby

119k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Dining 52% Shops & Services 44% Electronics 2% Apparel 2%

Raising Cane's Chicken Fingers Dining

31,585 visits/mo 0.4 miles

RaceTrac Shops & Services

27,837 visits/mo 0.2 miles

Starbucks Dining

12,355 visits/mo 0.4 miles

Shell Shops & Services

10,351 visits/mo 0.4 miles

Chase Bank Shops & Services

7,655 visits/mo 0.2 miles

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

Market

Average Price Trend$/SF for Conventional restaurants in East Baton Rouge County, LA

$130 Jul

$145 Aug

$164 Sep

$159 Oct

Properties on Market for Conventional restaurants in East Baton Rouge County

Jul

Aug

Sep

Oct

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

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Frequently Asked Questions

What type of property is this?

Conventional restaurant - Kitchen and dining equipment are included, supporting continued restaurant use.

Where is this conventional restaurant located?

The property is located at 3202 S Sherwood Forest Blvd Baton Rouge, LA.

What is the asking price?

The asking price for this property is $1,650,000.

What are key features of this property?

This property features: 8,365 SF restaurant building; Kitchen and dining equipment convey with the property; Renovated two years ago