Mixed-Use Property on High-Traffic
For Sale
$3,800,000
8620 Airline Highway, Baton Rouge, LA 70806
Income-generating asset with value-add potential in prime location.
Property Size45,198 SF
Lot Size4.07 Acres
Price / SF$84.07
Days on Market343
Property Features for 8620 Airline Highway
General Information
Standard status
Active
Size
45,198 SF
Total Parking Spaces
238
Lot size
4.07 Acres
Property subtype
Retail
Zoning
C2
Site & Location
Neighborhood
Tara
Amenities
238 Parking Spaces
Listing Agency:
GoldenX Realty
Listed By:
Allen Lewis · License #995698258
(225) 288-0742
Source:
Lacdb.resimplifi
Added: Nov 16, 2025
Changed: Oct 25
Last Checked: Oct 24 at 1:33PM
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 GoldenX Realty
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Investment Insights
Based on property information with market context.
This mixed-use property features a total area of 45,198 square feet situated on 4.07 acres with 238 parking spots. Suite A offers 24,732 square feet with two truck wells available for lease. Suite B, comprising 20,446 square feet, is currently leased to Planet Fitness. Located in a high-traffic corridor at US 190 and US 61, the property benefits from approximately 50,000 average daily traffic in 2024. Neighboring businesses include Planet Fitness, Vivid Ink, Pet Smart, Southern Oaks Dental, Tropical Smoothie, Cox Communications Fleet Services, and Women’s Hospital Graphic Services. This income-generating asset presents a unique investment opportunity with significant value-add potential. The existing lease in Suite B provides a solid base of income, while the vacancy in Suite A offers a strong upside for investors seeking to actively lease or improve the property. It also represents a great opportunity for an owner/operator.
Key Highlights
- High‑traffic location on US 190 and US 61 with approximately 50,000 ADT (2024).
- Existing tenant (Planet Fitness) provides a solid income base.
- Available suite (Suite A) offers 24,732 SF +/- for lease.**
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$301,407
Cap Rate
7.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,028,140
$6.0M
Cap Rate 7%
$4,305,814
$4.3M
Cap Rate 9%
$3,348,967
$3.3M
Market Conditions
NOI Build-Up for 45,198 SF
Gross rent
$439.3K $9.72/SF
− Vacancy
−$8.7K −$0.19/SF
EGI
$430.6K $9.53/SF
− OpEx
−$129.2K −$2.86/SF
NOI
$301.4K $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%
$6,028,140
Cap Rate 7%
$4,305,814
Cap Rate 9%
$3,348,967
Alternative Uses
Best Use
Retail
$10.10M
$8.84M – $11.79M
NOI $707,201 @ 7.0% cap · market cap 18.61%
Second Best
Office B
$6.18M
$5.40M – $7.21M
NOI $432,308 @ 7.0% cap · market cap 11.38%
Theoretical Best
Specialty Retail
$10.82M
$9.47M – $12.63M
NOI $757,716 @ 7.0% cap · market cap 19.94%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,280
Businesses Nearby
Explore this area
Business Placement
Demographics for 70806, LA
27,898
Population
14,972
Households
1.9
Avg Household Size
37
Median Age
40%
College-Educated
90%
High-School Grad
8.9 sq mi
ZIP Area
3,135
Density / Sq Mi
$53,430
Median Household Income
$41,894
Median Earnings
$1,014
Median Rent
$321,400
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 Office in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Income-generating asset with value-add potential in prime location.
Where is this mixed-use property located?
The property is located at 8620 Airline Highway Baton Rouge, LA.
What is the asking price?
The asking price for this property is $3,800,000.
What are key features of this property?
This property features: High‑traffic location on US 190 and US 61 with approximately 50,000 ADT (2024).; Existing tenant (Planet Fitness) provides a solid income base.; Available suite (Suite A) offers 24,732 SF +/- for lease.**
