Baton Rouge Flex/Industrial/Office
8377 Picardy Ave Baton Rouge, LA 70809
8377 Picardy Ave, Baton Rouge, LA, 70809
Contact for pricing
For Sale
Contact for pricing
Flex, industrial, and office property available for sale.
Property Size8,633 SF
Price / SF$167.96
Days on Market893
Property Features for 8377 Picardy Ave
General Information
- Standard status
- Active
- Size
- 8,633 SF
- Property subtype
- Industrial, Office
Listing agency
Saurage Rotenberg Commercial Real Estate
Listed by
Mike Stinson, CCIM · License #LA SALE.0000071948-ACT
Source
Crexi
Added: Feb 9, 2024 Updated: Jul 10 at 11:22AM Checked: Jul 20 at 2:17AM
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 Saurage Rotenberg Commercial Real Estate
Investment Insights
Based on property information with market context.
This commercial real estate property, located at 8377 Picardy Ave in Baton Rouge, Louisiana, offers 8,633 square feet of flex, industrial, and office space. The property is available for sale.
Key Highlights
- Flex property suitable for industrial and office use.
- Property available for sale.
- Industrial space available.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $112.9k | $13.08 |
| − Vacancy | −$2.8k | −$0.33 |
| EGI | $110.1k | $12.75 |
| − OpEx | −$27.5k | −$3.19 |
| NOI | $82.6k | $9.56 |
8,633 SF · lease $13.08/SF/yr · vacancy 2.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.18M
$1.03M – $1.38M
NOI $82,572 @ 7.0% cap · market cap 5.69%
Second Best
Industrial
$822.4K
$719.6K – $959.5K
NOI $57,570 @ 7.0% cap · market cap 3.97%
Theoretical Best
Specialty Retail
$2.07M
$1.81M – $2.41M
NOI $144,727 @ 7.0% cap · market cap 9.98%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Flex, industrial, and office property available for sale.
Where is this flex space located?
The property is located at 8377 Picardy Ave Baton Rouge, LA.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: Flex property suitable for industrial and office use.; Property available for sale.; Industrial space available.
