Free-Standing Warehouse with Fenced
For Sale
Contact for pricing
120 S 14th St, Baton Rouge, LA 70802
3,000 SF warehouse with fenced laydown yard near I-110.
Property Size3,000 SF
Price / SF$78.33
Days on Market656
Property Features for 120 S 14th St
General Information
Standard status
Active
Size
3,000 SF
Property subtype
Industrial
Zoning
M1 and C2
Investment Type
Owner/User
Building Details
Year Built
1980
Buildings
1
Stories
1
Units
1
Listing Agency:
Beau Box Commercial Real Estate Baton Rouge
(225) 333-9807
Listed By:
Cade Bogan · License #0995693088
Source:
Crexi
Added: Nov 6, 2024
Changed: Aug 24
Last Checked: Aug 24 at 6:03PM
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 Beau Box Commercial Real Estate Baton Rouge
Investment Insights
Based on property information with market context.
The property at 120 S. 24th Street is a free-standing 3,000-square-foot warehouse building featuring a stabilized, fenced laydown yard. It is located on the corner of S. 14th Street and North Blvd, less than half a mile west of I-110 and south of Government Street. Property improvements include a new fence fully enclosing the back, with an access gate on the south side of the building on S. 14th St. and the southwest corner of the property on S. 13th St. A new motorized roll-up door faces S. 14th St.
Key Highlights
- Free‑standing 3,000‑square‑foot warehouse building
- Stabilized, fenced laydown yard
- Strategic location less than half a mile west of I‑110
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
$20,006
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
8.51%
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%
$400,120
$400.1K
Cap Rate 7%
$285,800
$285.8K
Cap Rate 9%
$222,289
$222.3K
Market Conditions
NOI Build-Up for 3,000 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
$29.2K $9.72/SF
− Vacancy
−$580 −$0.19/SF
EGI
$28.6K $9.53/SF
− OpEx
−$8.6K −$2.86/SF
NOI
$20.0K $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%
$400,120
Cap Rate 7%
$285,800
Cap Rate 9%
$222,289
Alternative Uses
Best Use
Warehouse
$347.0K
$303.7K – $404.9K
NOI $24,293 @ 7.0% cap · market cap 10.34%
Second Best
Industrial
$285.8K
$250.1K – $333.4K
NOI $20,006 @ 7.0% cap · market cap 8.51%
Theoretical Best
Specialty Retail
$718.5K
$628.7K – $838.2K
NOI $50,293 @ 7.0% cap · market cap 21.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,821
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 70802, LA
26,519
Population
13,887
Households
1.9
Avg Household Size
29
Median Age
24%
College-Educated
82%
High-School Grad
7.1 sq mi
ZIP Area
3,735
Density / Sq Mi
$34,082
Median Household Income
$23,215
Median Earnings
$935
Median Rent
$105,100
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - 3,000 SF warehouse with fenced laydown yard near I-110.
Where is this warehouse located?
The property is located at 120 S 14th St Baton Rouge, LA.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: Free‑standing 3,000‑square‑foot warehouse building; Stabilized, fenced laydown yard; Strategic location less than half a mile west of I‑110
