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    6647 Sullivan Road Central, LA 70739

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    For Lease
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    Renovated strip center in Central, LA with high visibility.

    Type:Retail, Office, Restaurant
    Added:
    Oct 12, 2024
    Days on Market:
    551
    Last Refresh:
    Mar 17 at 1:22 pm

    Property Features for 6647 Sullivan Road

    General Information

    Standard status
    Active
    Property subtype
    Retail, Office, Restaurant

    Spaces For Lease

    at 6647 Sullivan Road Contact us

    Suite 6637 $13 /Mo

    Size
    1,053 SF
    Type
    Retail, Office
    $13.00 SF/yrnShellnNNN Expenses: $2.55 SF/YRnRetail/Restaurant Space Available Fully...
    show more
    Contact us

    Suite 6647 $15 /Mo

    Size
    1,045 SF
    Type
    Retail, Office
    NNN Expenses: $2.55 SF/YRnWhite BoxnRetail/Restaurant Space Available Fully Renovated...
    show more
    Contact us

    Suite 6691 $15 /Mo

    Size
    1,800 SF
    Type
    Retail, Office
    Restaurant SpacenNNN Expenses: $2.55 SF/YRnRetail/Restaurant Space Available Fully...
    show more
    Contact us

    Suite 6681 $13 /Mo

    Size
    Type
    Retail, Office
    Former Childcare CenternNNN Expenses: $2.55 SF/YRnRetail/Restaurant Space Available...
    show more
    Contact us

    6657 Sullivan Road $15 /Mo

    Size
    2,714 SF
    Type
    Retail, Office
    Gym / Fitness Space, Previously Fit Body Boot CampnNNN Expenses: $2.55 SF/YR
    Contact us

    6697 Sullivan Road $15 /Mo

    Size
    1,139 SF
    Type
    Retail, Office, Restaurant
    Former Pizza Hut, Available ImmediatelynNNN Expenses: $2.55 SF/YR
    Contact us

    6643 Sullivan Road $16 /Mo

    Size
    Type
    Retail, Office
    Restaurant SpacenNNN Expenses: $2.55 SF/YR
    Contact us
    Show more

    We can help!

    Listing Contact
    Will Watson
    Will Watson

    Listing agent Will Watson License #995701278-ACT

    Listing office Lee & Associates - Baton Rouge

    Listing date Oct 12, 2024

    Source Crexi

    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 Lee & Associates - Baton Rouge

    Overview

    Central LA Strip Center

    South Pointe Square is a strip center in Central, Louisiana, renovated in 2022. It offers high visibility and convenient access, suitable for retail and service-oriented businesses. Located at 6647 Sullivan Road, the property benefits from high traffic and accessibility. The surrounding area includes residential, retail, and commercial developments. It is located one mile south of The Settlement on Shoe Creek, a 150-acre development. Proximity to major highways and public transportation enhances connectivity. Nearby anchors include Walmart Supercenter, Rouses Market, and CVS Pharmacy. Local schools like Central High School and major employers in the area contribute to a steady flow of customers. The property has ample parking and a diverse tenant mix, making it a potential retail hub.
    Location Intelligence

    Current Use by Public Records

    Strip malls

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Central
    County
    East Baton Rouge
    State
    Louisiana
    Longitude
    -91.0307556
    Latitude
    30.5138105

    Nearby Similar for Lease

    • Contact for pricing

      Freestanding Building on Greenwell Springs Road

      6,000 SF freestanding building with showroom and office space.
      15151 Greenwell Springs Rd, Central, LA 70739
      View Details
    • Contact for pricing

      Retail Space in River Crossing

      Retail space available in established River Crossing shopping center.
      18564 Magnolia Bridge Rd, Central, LA 70739
      View Details
    • Contact for pricing

      Retail Space with Exxon Fuel

      Retail space available in renovated convenience store with Exxon fuel.
      17070 Greenwell Springs Rd, Central, LA 70739
      View Details

    FAQs

    What type of property is this?
    Strip mall - Renovated strip center in Central, LA with high visibility.
    Where is this strip mall located?
    The property is located at 6647 Sullivan Road Central, LA.
    What are key features of this property?
    This property features: Prime location in Central, Louisiana with high visibility and convenient access.; Comprehensive renovation in 2022 provides a modern appeal.; Located one mile south of The Settlement on Shoe Creek, a 150‑acre development.
    (318) 914-1576 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Will Watson
    Will Watson
    Real Estate License ID: 995701278-ACT
    Learn More
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    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
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