Fully Occupied Apartment
For Sale
Contact for pricing
5133 Brightside View Dr, Baton Rouge, LA 70820
Apartment property near LSU with 100% occupancy and student rental use.
Property Size15,000 SF
Price / SF$163.33
Days on Market60
Property Features for 5133 Brightside View Dr
General Information
Standard status
Active
Size
15,000 SF
Property subtype
Multifamily
Occupancy
100%
Investment Type
Stabilized
Net Operating Income
$215,201
Building Details
Buildings
8
Stories
2
Units
18
Tenancy
Multi
Listing Agency:
JRE Brokerage
Listed By:
Mark Segalla · License #SALE.995699471‐ACT
(800) 895-9329
Source:
Crexi
Added: Aug 19
Changed: Oct 2
Last Checked: Oct 16 at 8:57AM
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.
This apartment property comprises 15,000 square feet and is reported as 100% occupied. The asset is identified as a student rental near LSU and is located at 5133 Brightside View Dr in Baton Rouge, Louisiana.
Key Highlights
- 15,000‑square‑foot apartment property
- 100% occupied student rental asset
- Located near LSU at 5133 Brightside View Dr, Baton Rouge, LA 70820
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$137,342
Cap Rate
5.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,746,840
$2.7M
Cap Rate 7%
$1,962,029
$2.0M
Cap Rate 9%
$1,526,022
$1.5M
Market Conditions
NOI Build-Up for 15,000 SF
Gross rent
$262.8K $17.52/SF
− Vacancy
−$13.1K −$0.87/SF
EGI
$249.7K $16.65/SF
− OpEx
−$112.4K −$7.49/SF
NOI
$137.3K $9.16/SF
Area
Baton Rouge, LA
Vacancy
4.98%
Lease Rate
$17.52 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,746,840
Cap Rate 7%
$1,962,029
Cap Rate 9%
$1,526,022
Alternative Uses
Best Use
Apartment 5plus
$1.96M
$1.72M – $2.29M
NOI $137,342 @ 7.0% cap · market cap 5.61%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.59M
$3.14M – $4.19M
NOI $251,465 @ 7.0% cap · market cap 10.26%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
186
Businesses Nearby
Explore this area
Business Placement
Demographics for 70820, LA
23,470
Population
11,589
Households
2
Avg Household Size
26
Median Age
54%
College-Educated
94%
High-School Grad
20.6 sq mi
ZIP Area
1,139
Density / Sq Mi
$47,556
Median Household Income
$23,397
Median Earnings
$1,057
Median Rent
$293,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Apartment property near LSU with 100% occupancy and student rental use.
Where is this apartment building located?
The property is located at 5133 Brightside View Dr Baton Rouge, LA.
What is the asking price?
The asking price for this property is $2,450,000.
What are key features of this property?
This property features: 15,000‑square‑foot apartment property; 100% occupied student rental asset; Located near LSU at 5133 Brightside View Dr, Baton Rouge, LA 70820
