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    17700-17800 Old Perkins Rd Baton Rouge, LA 70809

    For Sale
    $1,833,331

    1600 sq ft Retail/Office Land

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional commercial property, located at 5205 BROADWAY Street, offers a prime retail or office space totaling 1,600 square feet. Situated in a high-traffic area with an average daily count exceeding 20,000 vehicles, this location ensures maximum visibility and accessibility for your business. The property is a single-tenant building on a commercially zoned lot (APN 23-7-0698-021-00), designated as C2 - Commercial District in Quincy. The building is an end-cap space, providing excellent street frontage and exposure. A 60-month triple net lease is available, with a base rent of $22.00 per square foot. Estimated additional costs include common area maintenance ($2.00/sf), property taxes ($3.90/sf), and property insurance ($0.40/sf), resulting in a total estimated lease price of $28.30 per square foot, or approximately $3,773.33 per month. The lease includes four additional 60-month renewal options, providing long-term stability for your investment. This is a rare opportunity to secure a highly visible and well-located commercial space in a thriving area. The property's single-tenant occupancy simplifies management and provides a straightforward investment opportunity. Don't miss this chance to establish your business in a prime location.

    Property Features for 17700-17800 Old Perkins Rd

    General Information

    Property type
    Land
    Lot Size
    246,550 SF

    HighLights

    • Land, Office, and Retail property at 5205 BROADWAY Street.
    • Single‑tenant occupancy.
    • 1,600 square feet.
    • High‑traffic location with approximately 20,000+ vehicles daily.
    • 60‑month triple net lease at $22.00/SF base rent, plus $2.00/SF CAM, $3.90/SF taxes, and $0.40/SF insurance (total $28.30/SF or ~$3,773.33/month).
    • Four 60‑month lease option periods.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

    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
    -91.0282893
    Latitude
    30.353171

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    FAQs

    What type of property is this?
    Land - 1600 sq ft Retail/Office Land
    Where is this land located?
    The property is located at 17700-17800 Old Perkins Rd Baton Rouge, LA.
    What is the asking price?
    The asking price for this property is $1,833,331.
    What are key features of this property?
    This property features: Land, Office, and Retail property at 5205 BROADWAY Street.; Single-tenant occupancy.; 1,600 square feet.
    Request Owner's contact information
    17700-17800 Old Perkins Rd Baton Rouge, LA 70809
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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
    17700-17800 Old Perkins Rd Baton Rouge, LA 70809
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