Building Details

Year Built 2012

Buildings 1

Stories 1

Tenancy Single

Listing Agency: Marcus & Millichap - Orlando

Listed By: Christopher Biuso · License #Fl SL3424071 Show Phone

Source: Crexi

Added: May 26 Changed: Oct 26 Last Checked: Oct 26 at 3:05PM

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Investment Insights

Based on property information with market context.

This commercial real estate offering features an office space with a size of 2,500 square feet. The property is located in Brusly, Louisiana. The property has a capitalization rate of 9.00%.

Key Highlights

• 9.00% CAP Rate
• Office Property
• 2,500 SqFt of space

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$23,912

Cap Rate

4.92%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$478,240 $478.2K

Cap Rate 7%

$341,600 $341.6K

Cap Rate 9%

$265,689 $265.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,500 SF

Gross rent

$32.7K $13.08/SF

− Vacancy

−$818 −$0.33/SF

EGI

$31.9K $12.75/SF

− OpEx

−$8.0K −$3.19/SF

NOI

$23.9K $9.56/SF

Area

West Baton Rouge County, LA

Vacancy

2.50%

Lease Rate

$13.08 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$478,240

Cap Rate 7%

$341,600

Cap Rate 9%

$265,689

Alternative Uses

Best Use

Office B

$341.6K

$298.9K – $398.5K (±1% cap)

NOI $23,912 @ 7.0% cap · market cap 4.92%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$598.7K

$523.9K – $698.5K (±1% cap)

NOI $41,911 @ 7.0% cap · market cap 8.62%

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

Property Analytics

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Current Use

Daniel T. Fontenot, ... Physician The Spine Diagnostic & Pain ... Physician Emily Santa Ana Physician Baton Rouge Cardiology ... Medical Clinic Nakia A. Newsome, MD, ... Physician

Suggested Use

Top Pick Real Estate Agency Dental Office Auto Repair Shop Building Supply HVAC Service Storage Facility

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

178

Businesses Nearby

Explore this area Business Placement

Demographics for 70719, LA

4,396

Population

1,669

Households

2.6

Avg Household Size

38

Median Age

23%

College-Educated

97%

High-School Grad

15.6 sq mi

ZIP Area

282

Density / Sq Mi

$92,231

Median Household Income

$40,801

Median Earnings

$990

Median Rent

$235,700

Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

Frequently Asked Questions

What type of property is this?

Office unit - 2,500 SqFt office space with 9.00% CAP rate.

Where is this office unit located?

The property is located at 467 Oak Plaza Blvd Brusly, LA.

What is the asking price?

The asking price for this property is $486,000.

What are key features of this property?

This property features: 9.00% CAP Rate; Office Property; 2,500 SqFt of space