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 Market207
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
Listed By:
Cade Bogan · License #0995693088
(225) 333-9807
Source:
Beaubox
Added: Mar 27
Changed: Oct 16
Last Checked: Oct 19 at 5:40AM
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
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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 / Yr
$256,601
Cap Rate
8.85%
Suggested Prices Based on Cap Rates
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
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 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.
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Property Analytics
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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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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.
