Two-Office
For Sale
$65,000
5515 Superior Dr, Baton Rouge, LA 70816
The layout includes a kitchenette and a reception and waiting area for visitors.
Property Size616 SF
Price / SF$105.52
Days on Market19
Property Features for 5515 Superior Dr
General Information
Standard status
Active
Size
616 SF
Property subtype
Office
Zoning
LC1
Additional Details
HOA Fee
$72.25
Highway Access
Yes
Amenities
Water
Vacant
Listing Agency:
NAI Rampart Commercial Real Estate Baton Rouge
Listed By:
Chris Town
(225) 295-0800
Source:
Lacdb.resimplifi
Added: Oct 1
Changed: Oct 18
Last Checked: Oct 19 at 3:26AM
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 NAI Rampart Commercial Real Estate Baton Rouge
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 616-square-foot office condo is arranged with two private offices, a kitchenette, and a reception and waiting room. The property is zoned LC1, and roadside marquee and unit-door signage are allowed subject to association standards.
Airline Highway and I-10 are accessible from the property. The surrounding area includes residential neighborhoods and commercial corridors. Planned improvements along Airline Highway South are intended to increase roadway capacity, while pedestrian and accessibility upgrades have been made to nearby South Sherwood Forest Boulevard.
Airline Highway and I-10 are accessible from the property. The surrounding area includes residential neighborhoods and commercial corridors. Planned improvements along Airline Highway South are intended to increase roadway capacity, while pedestrian and accessibility upgrades have been made to nearby South Sherwood Forest Boulevard.
Key Highlights
- 616 SF office condo with two private offices
- Kitchenette and reception/waiting room
- LC1 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$5,892
Cap Rate
9.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$117,840
$117.8K
Cap Rate 7%
$84,171
$84.2K
Cap Rate 9%
$65,467
$65.5K
Market Conditions
NOI Build-Up for 616 SF
Gross rent
$8.1K $13.08/SF
− Vacancy
−$201 −$0.33/SF
EGI
$7.9K $12.75/SF
− OpEx
−$2.0K −$3.19/SF
NOI
$5.9K $9.56/SF
Area
Baton Rouge, 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%
$117,840
Cap Rate 7%
$84,171
Cap Rate 9%
$65,467
Alternative Uses
Best Use
Office B
$84.2K
$73.7K – $98.2K
NOI $5,892 @ 7.0% cap · market cap 9.06%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$147.5K
$129.1K – $172.1K
NOI $10,327 @ 7.0% cap · market cap 15.89%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,106
Businesses Nearby
Explore this area
Business Placement
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
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - The layout includes a kitchenette and a reception and waiting area for visitors.
Where is this office unit located?
The property is located at 5515 Superior Dr Baton Rouge, LA.
What is the asking price?
The asking price for this property is $65,000.
What are key features of this property?
This property features: 616 SF office condo with two private offices; Kitchenette and reception/waiting room; LC1 zoning
