Commercial Building on Acadian
For Sale
Contact for pricing
3515 N Acadian Thruway, Baton Rouge, LA 70805
1,400 SF building on a high-traffic thoroughfare.
Property Size1,400 SF
Lot Size0.29 Acres
Price / SF$89.29
Days on Market2008
Property Features for 3515 N Acadian Thruway
General Information
Standard status
Active
Size
1,400 SF
Lot size
0.29 Acres
Property subtype
Retail
Listing Agency:
Saurage Rotenberg Commercial Real Estate
Listed By:
Carmen Austin, MBA, CCIM, SIOR · License #LA BROK.0912122713-ASA
(225) 328-1778
Source:
Crexi
Added: Mar 5, 2021
Changed: Aug 18
Last Checked: Sep 3 at 10:50AM
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.
The property features a +/- 1,400 SF building situated on a 120' x 105' lot with frontage on N. Acadian Thruway. Zoned C-2, the property is suitable for various commercial uses, including auto-related businesses, tire shops, oil change centers, used car sales, and drive-thru restaurants. The roof was replaced in 2014, and new roll-up doors have been installed. The large lot provides ample parking space or room for additions. Located on high-traffic N. Acadian, the property is near Baton Rouge Community College Acadian. The property is being offered "AS IS", presenting an opportunity for a small business owner to acquire commercial real estate.
Key Highlights
- High‑traffic location on N. Acadian Thrwy, ideal for business visibility.
- Large 120' x 105' lot provides ample parking or expansion possibilities.
- Zoned C‑2, suitable for a variety of commercial uses (auto‑related, restaurant, etc.).
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
$9,336
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
7.47%
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%
$186,720
$186.7K
Cap Rate 7%
$133,371
$133.4K
Cap Rate 9%
$103,733
$103.7K
Market Conditions
NOI Build-Up for 1,400 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
$13.6K $9.72/SF
− Vacancy
−$271 −$0.19/SF
EGI
$13.3K $9.53/SF
− OpEx
−$4.0K −$2.86/SF
NOI
$9.3K $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 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%
$186,720
Cap Rate 7%
$133,371
Cap Rate 9%
$103,733
Alternative Uses
Best Use
Retail
$312.9K
$273.8K – $365.1K
NOI $21,905 @ 7.0% cap · market cap 17.52%
Second Best
Industrial
$133.4K
$116.7K – $155.6K
NOI $9,336 @ 7.0% cap · market cap 7.47%
Theoretical Best
Specialty Retail
$335.3K
$293.4K – $391.2K
NOI $23,470 @ 7.0% cap · market cap 18.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
429
Businesses Nearby
26k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 53%
Shops & Services 36%
Electronics 11%
Popeyes Louisiana Kitchen
Dining
11,210 visits/mo
0.5 miles
Family Dollar
Shops & Services
7,981 visits/mo
0.5 miles
Domino's Pizza
Dining
2,383 visits/mo
0.3 miles
Metro by T-Mobile
Electronics
1,562 visits/mo
0.4 miles
Boost Mobile
Electronics
1,311 visits/mo
0.3 miles
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Automotive property - 1,400 SF building on a high-traffic thoroughfare.
Where is this automotive property located?
The property is located at 3515 N Acadian Thruway Baton Rouge, LA.
What is the asking price?
The asking price for this property is $125,000.
What are key features of this property?
This property features: High‑traffic location on N. Acadian Thrwy, ideal for business visibility.; Large 120' x 105' lot provides ample parking or expansion possibilities.; Zoned C‑2, suitable for a variety of commercial uses (auto‑related, restaurant, etc.).
