Retail Shopping Center for
4520 S Sherwood Forest Blvd, Baton Rouge, LA 70816
For Sale
Contact for pricing
For-sale shopping center at a signalized intersection with 49,420+ vehicles per day supporting retail visibility.
Property Size146,731 SF
Days on Market139
Property Features for 4520 S Sherwood Forest Blvd
General Information
Standard status
Size
Property subtype
Lease Term
Site & Location
Neighborhood
Traffic Count
Building Details
Building Size
Year Built
Listing Agency:
JRE Brokerage
Listed By:
Mark Segalla
(225) 505-4349
Source:
Gojre
Added: Jun 25
Changed: Nov 3
Last Checked: Nov 10 at 6:29AM
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 JRE Brokerage
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Investment Insights
Based on property information with market context.
Lake Sherwood Shopping Center is a retail shopping center offering retail properties and spaces for sale. The asset is positioned as a retail-focused commercial property at a key intersection, designed for day-to-day consumer access.
The shopping center is located at the signalized intersection of S Sherwood Forest Blvd and Coursey Blvd in Baton Rouge, Louisiana. The intersection sees 49,420+ vehicles per day, providing consistent passing traffic and visibility for surrounding retail uses.
This property is well suited for buyers or operators looking to acquire a retail shopping center anchored by a high-traffic, signalized corner. Its location at the intersection supports straightforward customer navigation and exposure for retail concepts that benefit from frequent drive-by demand. Prospective investors and tenants can evaluate the tenanting and merchandising fit for their specific retail requirements based on the center’s existing retail property configuration.
The shopping center is located at the signalized intersection of S Sherwood Forest Blvd and Coursey Blvd in Baton Rouge, Louisiana. The intersection sees 49,420+ vehicles per day, providing consistent passing traffic and visibility for surrounding retail uses.
This property is well suited for buyers or operators looking to acquire a retail shopping center anchored by a high-traffic, signalized corner. Its location at the intersection supports straightforward customer navigation and exposure for retail concepts that benefit from frequent drive-by demand. Prospective investors and tenants can evaluate the tenanting and merchandising fit for their specific retail requirements based on the center’s existing retail property configuration.
Key Highlights
- Lake Sherwood Shopping Center at the signalized intersection of S Sherwood Forest Blvd and Coursey Blvd
- Traffic count of 49,420+ vehicles per day at the intersection supports retail visibility
- Property built in 1985
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$2,295,862
Suggested Prices Based on Cap Rates
Cap Rate 5%
$45,917,240
$45.9M
Cap Rate 7%
$32,798,029
$32.8M
Cap Rate 9%
$25,509,578
$25.5M
Market Conditions
NOI Build-Up for 146,731 SF
Gross rent
$3.29M $22.44/SF
− Vacancy
−$12.8K −$0.09/SF
EGI
$3.28M $22.35/SF
− OpEx
−$983.9K −$6.71/SF
NOI
$2.30M $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%
$45,917,240
Cap Rate 7%
$32,798,029
Cap Rate 9%
$25,509,578
Alternative Uses
Best Use
Retail
$32.80M
$28.70M – $38.26M
NOI $2,295,862 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$35.14M
$30.75M – $41.00M
NOI $2,459,852 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
49,420 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
1,568
Businesses Nearby
136k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 41%
Shops & Services 30%
Groceries 22%
Beauty & Spa 3%
Walmart Neighborhood Market
Groceries
29,407 visits/mo
0.2 miles
RaceTrac
Shops & Services
20,909 visits/mo
0.0 miles
Wendy's
Dining
14,584 visits/mo
0.1 miles
Starbucks
Dining
12,355 visits/mo
0.4 miles
El Paso Mexican Grill
Dining
8,847 visits/mo
0.1 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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Shopping centers in Baton Rouge
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Pelican Financial Plaza — 4750 Sherwood Common Blvd, Baton Rouge, LA 70816
- Flea market type place — 10549 Airline Hwy Service Rd, Baton Rouge, LA 70816
Frequently Asked Questions
What type of property is this?
Shopping center - For-sale shopping center at a signalized intersection with 49,420+ vehicles per day supporting retail visibility.
Where is this shopping center located?
The property is located at 4520 S Sherwood Forest Blvd Baton Rouge, LA.
What are key features of this property?
This property features: Lake Sherwood Shopping Center at the signalized intersection of S Sherwood Forest Blvd and Coursey Blvd; Traffic count of 49,420+ vehicles per day at the intersection supports retail visibility; Property built in 1985
