Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    5309 Plank Rd Baton Rouge, LA 70805

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Well-maintained auto shop with showroom and bay doors for sale.

    Property size:
    8,180 SF
    Lot size:
    0.49 Acres

    Property Features for 5309 Plank Rd

    General Information

    Size
    8,180 SF
    Lot size
    0.49 Acres

    We can help!

    Listing Contact
    John Dearmond
    John Dearmond
    Source: Moodyscre

    Listing Agency: Stirling | Baton Rouge Listing Agent: John Dearmond

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Former Firestone Auto Shop

    This well-maintained former Firestone automotive repair shop is available for sale. Situated on Plank Road, the property benefits from visibility and foot traffic, with its position next to Tony's Seafood. The building features a showroom floor and eight functional bay doors, making it suitable for automotive repair businesses, tire shops, or similar enterprises. The property has C2 zoning, allowing for a multitude of commercial uses. The location sees 22,000 vehicles per day on Plank Road, which is currently undergoing an overlay. The property is in Flood Zone X, outside the 100-year flood plain, and includes ample parking with a fully paved lot and gated yard at the rear.
    Location Intelligence

    Current Use by Public Records

    Bridgestone (Bike/Boat/Book/etc) Store Firestone Complete Auto ... (Bike/Boat/Book/etc) Store

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Bridgestone, Street Demons Rim & Tire Alignment Services, Delmont Garden Car Wash, Firestone Complete Auto Care, Gary & Nicholas, Inc.

    Location Insight

    • Map
    • Local Demand
    City
    Baton Rouge
    County
    East Baton Rouge
    State
    Louisiana
    Longitude
    -91.1541044
    Latitude
    30.4979755

    Nearby Similar for Lease

    • $3,750 /Mo
      3,288 SF

      Turnkey Office Suite in Baton Rouge

      Centrally located, 2,800 SF suite ideal for medical or professional use.
      4747 Oneal Ln, Baton Rouge, LA 70817
      View Details
    • New
      $1,250 /Mo
      5,000 SF

      Retail Space on Coursey Boulevard

      Prime retail location with reception, offices, restroom, and kitchen.
      11924 Coursey Bl, Baton Rouge, LA 70816
      View Details
    • $995 /Mo
      1,092 SF

      Baton Rouge Office Suite Rental

      Well-maintained office suite for rent in Baton Rouge, LA.
      9654 Brookline Ave, Baton Rouge, LA 70809
      View Details
    • $595 /Mo
      685 SF

      Baton Rouge Office Suite Rental

      Well-maintained office suite available for rent in Baton Rouge.
      9654 Brookline Ave, Baton Rouge, LA 70809
      View Details
    • $1,250 /Mo
      4,189 SF

      Baton Rouge Office Suite

      Office suite featuring four offices and a reception area.
      3084 Westfork Dr, Baton Rouge, LA 70816
      View Details
    • $900 /Mo
      600 SF

      Secured Retail Space on Florida

      600 SF commercial space with security features on Florida Blvd.
      8700 Florida Blvd, Baton Rouge, LA 70815
      View Details
    • $900 /Mo
      600 SF

      Secured Retail Space on Florida

      600 SF retail space with security features on Florida Blvd.
      8700 Florida Blvd, Baton Rouge, LA 70815
      View Details
    • $1,000 /Mo
      1,500 SF

      Renovated Commercial Space in Baton Rouge

      Completely renovated commercial space in the heart of Mid City.
      3844 Florida Blvd, Baton Rouge, LA 70806
      View Details
    • $1,695 /Mo
      8,872 SF

      Office Space in Baton Rouge

      Professional office space for rent in Baton Rouge, Louisiana.
      4100 S Sherwood Forest Blvd, Baton Rouge, LA 70816
      View Details
    • $2,495 /Mo
      2,607 SF

      Stand-Alone Office Building For Rent

      Stand-alone office building with two connecting suites available for lease.
      11823 Market Place Ave, Baton Rouge, LA 70816
      View Details
    • $250 SF/Yr
      1,200 SF

      Mid City Commercial Rental

      Single room commercial rental in the heart of Mid City.
      335 S Acadian Thwy, Baton Rouge, LA 70806
      View Details
    • Contact for pricing

      LA, Baton Rouge - Downtown - One American Place

      Workspaces, services and support to help you work better in John Wayne Airport
      301 Main St, Baton Rouge, LA 70802
      View Details

    FAQs

    What type of property is this?
    Auto shop - Well-maintained auto shop with showroom and bay doors for sale.
    Where is this auto shop located?
    The property is located at 5309 Plank Rd Baton Rouge, LA.
    What are key features of this property?
    This property features: - High-visibility location on Plank Road with 22,000 VPD and proximity to Tony's Seafood.; - Eight functional bay doors suitable for automotive or similar businesses.; - Spacious showroom floor ideal for customer-facing operations.
    (225) 926-4481 Call to check price and availability
    Request Owner's contact information
    5309 Plank Rd Baton Rouge, LA 70805
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5309 Plank Rd
    Baton Rouge, LA 70805
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5309 Plank Rd Baton Rouge, LA 70805
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing John Dearmond
    John Dearmond
    Real Estate License ID: 995712402
    (225) 926-4481 (225) 202-4649
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!