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    16410 Florida Blvd Baton Rouge, LA 70819

    For Sale
    $990,000

    5.68-acre commercial/industrial land, Baton Rouge.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    Exceptional investment opportunity: a 5.68-acre commercial and industrial land parcel located at 16410 Florida Blvd, Baton Rouge, Louisiana, 70819. This property boasts over 500 feet of frontage on Florida Boulevard and features a mix of existing structures, including a roughly 2,000 square foot mobile office building and a metal building equipped with two roll-up doors. Currently leased until June 30, 2028, the property generates a stable annual income of $60,000, subject to annual increases. The lease agreement includes tenant responsibility for utilities and grounds maintenance, while property taxes and insurance are covered by the landlord. The property is zoned Rural (APN: TMP182164) and presents a compelling pro-forma cap rate of 6.06% and a pro-forma NOI of $60,000. This offering represents a strong cash-flowing investment with a remaining lease term of approximately 3.6 years. Please note: Do not disturb the tenant. Further details are available upon request.

    Property Features for 16410 Florida Blvd

    General Information

    Property type
    Land
    Lot Size
    247,421 SF

    HighLights

    • Strong annual income of $60,000, with built‑in annual rent increases.
    • Lease expires June 30, 2028.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    J & S Construction ... General Contractor Superior Fleet Solutions ... Truck Repair Shop U-Haul Neighborhood Dealer Trailer Rental Service

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Baton Rouge
    County
    East Baton Rouge Parish
    State
    Louisiana
    Longitude
    -91.0059008
    Latitude
    30.4663991

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    FAQs

    What type of property is this?
    Land - 5.68-acre commercial/industrial land, Baton Rouge.
    Where is this land located?
    The property is located at 16410 Florida Blvd Baton Rouge, LA.
    What is the asking price?
    The asking price for this property is $990,000.
    What are key features of this property?
    This property features: Strong annual income of $60,000, with built-in annual rent increases.; Lease expires June 30, 2028.;
    Request Owner's contact information
    16410 Florida Blvd Baton Rouge, LA 70819
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    Baton Rouge, LA 70819
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    16410 Florida Blvd Baton Rouge, LA 70819
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