Industrial Investment Property For
For Sale
$2,900,000
7000 Greenwell Springs Rd, Baton Rouge, LA 70805
Industrial investment property available on Greenwell Springs Road.
Property Size38,479 SF
Price / SF$75.37
Days on Market162
Property Features for 7000 Greenwell Springs Rd
General Information
Standard status
Active
Size
38,479 SF
Property subtype
Industrial
Building Details
Building Size
38,479 SF
Year Built
1993
Listing Agency:
Beau Box Commercial Real Estate Baton Rouge
Listed By:
Cade Bogan · License #0995693088
(225) 333-9807
Source:
Beaubox
Added: Mar 27
Changed: Sep 2
Last Checked: Sep 4 at 5:42AM
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 Beau Box Commercial Real Estate Baton Rouge
Investment Insights
Based on property information with market context.
This industrial investment property is located at 7000 Greenwell Springs Road. The property is positioned on the south side of Greenwell Springs Road, less than half a mile west of the Greenwell Springs Road (LA-37) and Airline Highway interchange. The tenants are Central Plumbing Company, Inc., and Entergy. The property size is 38479 square feet. Complete lease documentation is available upon execution of a Confidentiality Agreement.
Key Highlights
- Industrial investment property.
- Located on Greenwell Springs Road.
- Proximity to Greenwell Springs Road (LA‑37) and Airline Hwy interchange.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$256,601
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.85%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$5,132,020
$5.1M
Cap Rate 7%
$3,665,729
$3.7M
Cap Rate 9%
$2,851,122
$2.9M
Market Conditions
NOI Build-Up for 38,479 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$374.0K $9.72/SF
− Vacancy
−$7.4K −$0.19/SF
EGI
$366.6K $9.53/SF
− OpEx
−$110.0K −$2.86/SF
NOI
$256.6K $6.67/SF
Area
Baton Rouge, LA
Vacancy
1.99%
Lease Rate
$9.72 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$5,132,020
Cap Rate 7%
$3,665,729
Cap Rate 9%
$2,851,122
Alternative Uses
Best Use
Industrial
$3.67M
$3.21M – $4.28M
NOI $256,601 @ 7.0% cap · market cap 8.85%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$9.22M
$8.06M – $10.75M
NOI $645,076 @ 7.0% cap · market cap 22.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
730
Businesses Nearby
Explore this area
Business Placement
Demographics for 70805, LA
26,025
Population
11,502
Households
2.3
Avg Household Size
34
Median Age
11%
College-Educated
72%
High-School Grad
11.4 sq mi
ZIP Area
2,283
Density / Sq Mi
$26,301
Median Household Income
$24,287
Median Earnings
$833
Median Rent
$103,100
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Industrial property - Industrial investment property available on Greenwell Springs Road.
Where is this industrial property located?
The property is located at 7000 Greenwell Springs Rd Baton Rouge, LA.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: Industrial investment property.; Located on Greenwell Springs Road.; Proximity to Greenwell Springs Road (LA‑37) and Airline Hwy interchange.
