Building Details

Year Built 1998

Buildings 1

Construction brick

Listing Agency: L Brooks Real Estate, LLC

Listed By: Lynda Brooks Show Phone

Source: Lbrooksrealestate

Added: Oct 23, 2025 Changed: Oct 24 Last Checked: Oct 24 at 2:50PM

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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 L Brooks Real Estate, LLC

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Investment Insights

Based on property information with market context.

Built in 1998, this brick mixed-use building has five rooms, a kitchen, and two bathrooms. The kitchen is all electric, and a fenced area beside the building provides storage space. A metal roof was installed in 2008.

The property fronts LA Hwy. 1 in Addis, Louisiana.

Key Highlights

• Five rooms suited to office or storage use
• Brick construction with a metal roof replaced in 2008
• Kitchen with all‑electric equipment and two bathrooms

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$72,072

Cap Rate

4.80%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,441,440 $1.4M

Cap Rate 7%

$1,029,600 $1.0M

Cap Rate 9%

$800,800 $800.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 7,700 SF

Gross rent

$120.1K $15.60/SF

− Vacancy

−$4.8K −$0.62/SF

EGI

$115.3K $14.98/SF

− OpEx

−$43.2K −$5.62/SF

NOI

$72.1K $9.36/SF

Area

West Baton Rouge County, LA

Vacancy

4.00%

Lease Rate

$15.60 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,441,440

Cap Rate 7%

$1,029,600

Cap Rate 9%

$800,800

Alternative Uses

Best Use

Mixed Use

$1.03M

$900.9K – $1.20M (±1% cap)

NOI $72,072 @ 7.0% cap · market cap 4.80%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$1.84M

$1.61M – $2.15M (±1% cap)

NOI $129,086 @ 7.0% cap · market cap 8.61%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Mixed-use properties

Suggested Use

Top Pick Building Supply Real Estate Agency Auto Parts Store HVAC Service Big Box & Wholesale Store Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

112

Businesses Nearby

Explore this area Business Placement

Demographics for 70710, LA

6,749

Population

2,922

Households

2.3

Avg Household Size

32

Median Age

32%

College-Educated

95%

High-School Grad

8.0 sq mi

ZIP Area

844

Density / Sq Mi

$105,635

Median Household Income

$54,521

Median Earnings

$1,451

Median Rent

$242,300

Median Home Value

Frequently Asked Questions

What type of property is this?

Mixed-use property - A five-room interior layout can support office use or storage.

Where is this mixed-use property located?

The property is located at 7530 La Hwy 1 Addis, 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: Five rooms suited to office or storage use; Brick construction with a metal roof replaced in 2008; Kitchen with all‑electric equipment and two bathrooms