Tigerland Bar with
For Sale
Contact for pricing
705 E Boyd Dr, Baton Rouge, LA 70808
Bogie’s Bar in Baton Rouge, furniture, fixtures, and equipment included.
Property Size3,561 SF
Lot Size0.67 Acres
Price / SF$421.23
Days on Market153
Property Features for 705 E Boyd Dr
General Information
Standard status
Active
Size
3,561 SF
Lot size
0.67 Acres
Property subtype
Retail
Zoning
C-AB-2 (Heavy Commercial)
Building Details
Buildings
1
Units
1
Tenancy
Single
Listing Agency:
Elifin Realty - New Orleans, LA
(800) 895-9329
Listed By:
Noah Loveland · License #995711824
Source:
Crexi
Added: Mar 13
Changed: Aug 8
Last Checked: Aug 11 at 9:24AM
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 Elifin Realty - New Orleans, LA
Investment Insights
Based on property information with market context.
Located at 705 E Boyd Dr in Baton Rouge, Bogie’s Bar is now for sale. This well-known Tigerland nightlife property is offered with all furniture, fixtures, and equipment included. The property features a building of approximately 3,561 square feet situated on a site of approximately 0.67 acres. It includes an outdoor covered patio area, making it suitable for bar, entertainment, or hospitality uses. The site is zoned C-AB-2 (Heavy Commercial). Positioned seconds from Burbank Dr and Nicholson Dr, the property sits just south of LSU near Tigerland, Baton Rouge’s primary student nightlife district anchored by a dense cluster of bars and entertainment venues. This offering presents an opportunity to acquire an established entertainment property in one of Baton Rouge’s most concentrated nightlife corridors.
Key Highlights
- Offered with all furniture, fixtures, and equipment (FF&E) included.
- Located seconds from Burbank Dr and Nicholson Dr, near LSU and Tigerland.
- ±3,561 SF bar building on a ±0.67‑acre site.**
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
$59,698
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
3.98%
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%
$1,193,960
$1.2M
Cap Rate 7%
$852,829
$852.8K
Cap Rate 9%
$663,311
$663.3K
Market Conditions
NOI Build-Up for 3,561 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
$79.9K $22.44/SF
− Vacancy
−$312 −$0.09/SF
EGI
$79.6K $22.35/SF
− OpEx
−$19.9K −$5.59/SF
NOI
$59.7K $16.76/SF
Area
Baton Rouge, LA
Vacancy
0.39%
Lease Rate
$22.44 /SF/Yr
Expense Ratio
25.00%
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%
$1,193,960
Cap Rate 7%
$852,829
Cap Rate 9%
$663,311
Alternative Uses
Best Use
Specialty Retail
$852.8K
$746.2K – $995.0K
NOI $59,698 @ 7.0% cap · market cap 3.98%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
412
Businesses Nearby
73k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 64%
Shops & Services 36%
Home Improvements & Furnishings 1%
SONIC Drive In
Dining
17,298 visits/mo
0.1 miles
Taco Bell
Dining
16,111 visits/mo
0.1 miles
Circle K
Shops & Services
12,208 visits/mo
0.2 miles
Citgo
Shops & Services
7,647 visits/mo
0.1 miles
Valero Energy
Shops & Services
6,214 visits/mo
0.3 miles
Demographics for 70808, LA
32,510
Population
18,833
Households
1.7
Avg Household Size
35
Median Age
65%
College-Educated
97%
High-School Grad
12.0 sq mi
ZIP Area
2,709
Density / Sq Mi
$69,078
Median Household Income
$41,162
Median Earnings
$1,283
Median Rent
$392,600
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Toasted Comfort Food & Cocktails — 5201 Nicholson Dr suite f, Baton Rouge, LA 70820
- MID TAP — 660 Arlington Creek Centre Dr STE D, Baton Rouge, LA 70820
- JL's — 1115 Bob Pettit Blvd, Baton Rouge, LA 70820
- MIKE'S IN TIGER LAND — 1125 Bob Pettit Blvd, Baton Rouge, LA 70820
- The House — 1003 Bob Pettit Blvd, Baton Rouge, LA 70820
Frequently Asked Questions
What type of property is this?
Bar & Pub - Bogie’s Bar in Baton Rouge, furniture, fixtures, and equipment included.
Where is this bar & pub located?
The property is located at 705 E Boyd Dr Baton Rouge, LA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Offered with all furniture, fixtures, and equipment (FF&E) included.; Located seconds from Burbank Dr and Nicholson Dr, near LSU and Tigerland.; ±3,561 SF bar building on a ±0.67‑acre site.**
