Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Newly Renovated Baton Rouge Retail Center Title is generated by Realmo AI

    4373 Florida Blvd, Baton Rouge, LA 70806

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Prime commercial space in a newly renovated Baton Rouge strip center.

    Type:Retail
    Property size:
    4,000 SF
    Added:
    Jan 24, 2024
    Days on Market:
    860
    Last Refresh:
    May 12 at 9:58 pm

    Property Features for 4373 Florida Blvd

    General Information

    Standard status
    Active
    Size
    4,000 SF
    Property subtype
    Retail

    Building Details

    Year Built
    1990

    We can help!

    Listing Contact
    Carmen Austin, MBA, CCIM, SIOR

    Listing agent Carmen Austin, MBA, CCIM, SIOR License #LA BROK.0912122713-ASA

    Listing office Saurage Rotenberg Commercial Real Estate

    Listing date Jan 24, 2024

    Source Crexi

    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

    HighLights

    • Newly renovated "vanilla box" space ready for customization.
    • High visibility location on bustling Florida Blvd.
    • Ample parking for customers.
    • Located in the heart of Baton Rouge near Downtown and Mid‑City.
    • Versatile spaces with flexible unit sizes.
    • Opportunity to lease entire 4,000 SF space with roll‑up door.

    Overview

    This newly renovated strip center is located on Florida Blvd in Baton Rouge, near Downtown and Mid-City. The property offers commercial space for businesses seeking a location near the newly opened Rouse's Grocery Store. Co-tenants include The Athlete's Foot. The property is suitable for a hair salon, nail salon, boutique, cell phone repair, vape shop, check cashing or other retail use. Individual store-front space is provided in a "vanilla box" build-out with new sheet rock, drop-down ceiling, and ADA restrooms. Alternatively, the entire 4,000 SF retail space with roll-up door in rear is available for lease. Businesses have the flexibility to customize their space. The strip center enjoys high visibility. A generously sized parking lot ensures convenient access for customers. Businesses within this strip center benefit from proximity to a diverse community and strategic positioning for commercial success. The exterior facade creates a contemporary and eye-catching presence. Interior spaces have been thoughtfully upgraded to provide a fresh and inviting environment.
    Property Profile Location Intelligence

    Current Use by Public Records

    Strip malls

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Baton Rouge
    County
    East Baton Rouge
    State
    Louisiana
    Longitude
    -91.1448448
    Latitude
    30.4510152

    Nearby Similar for Lease

    • $3,000/Mo
      3,281 SF

      Versatile Commercial Space Near Downtown

      Commercial space ideal for retail, office, or mixed-use.
      739 S 16th St, Baton Rouge, LA 70802
      View Details
    • $2,700/Mo
      1,800 SF

      Capital Heights Commercial Lease Opportunity

      Versatile commercial space in a desirable, walkable Baton Rouge neighborhood.
      545 St Tammany St, Baton Rouge, LA 70806
      View Details
    • $900/Mo
      600 SF

      Secured Retail Space on Florida

      600 SF retail space with security features on Florida Blvd.
      8700 Florida Blvd, Baton Rouge, LA 70815
      View Details
    • $900/Mo
      600 SF

      Secured Retail Space on Florida

      600 SF commercial space with security features on Florida Blvd.
      8700 Florida Blvd, Baton Rouge, LA 70815
      View Details
    • $595/Mo
      685 SF

      Baton Rouge Office Suite Rental

      Well-maintained office suite available for rent in Baton Rouge.
      9654 Brookline Ave, Baton Rouge, LA 70809
      View Details
    • $995/Mo
      1,092 SF

      Baton Rouge Office Suite Rental

      Well-maintained office suite for rent in Baton Rouge, LA.
      9654 Brookline Ave, Baton Rouge, LA 70809
      View Details
    • $2,500/Mo
      1,840 SF

      Retail Space For Rent

      Spacious retail space with storage and ample parking.
      7028 Mickens Rd, Baton Rouge, LA 70811
      View Details
    • $1,000/Mo
      1,200 SF

      Baton Rouge Commercial Rental Space

      Affordable commercial rental in Mid City, ideal for beauty businesses.
      335 S Acadian Thwy, Baton Rouge, LA 70806
      View Details
    • $1,200/Mo
      5,000 SF

      Coursey Boulevard Commercial Space

      Downstairs commercial unit with reception, offices, restroom, and kitchen.
      11924 Coursey Bl, Baton Rouge, LA 70816
      View Details
    • $1,250/Mo
      4,189 SF

      Baton Rouge Office Suite

      Office suite featuring four offices and a reception area.
      3084 Westfork Dr, Baton Rouge, LA 70816
      View Details
    • $2,495/Mo
      2,607 SF

      Stand-Alone Office Building For Rent

      Stand-alone office building with two connecting suites available for lease.
      11823 Market Pl, Baton Rouge, LA 70816
      View Details
    • $1,695/Mo
      8,872 SF

      Office Space in Baton Rouge

      Professional office space available for lease in Baton Rouge.
      4100 S Sherwood Forest Blvd, Baton Rouge, LA 70816
      View Details

    FAQs

    What type of property is this?
    Strip mall - Prime commercial space in a newly renovated Baton Rouge strip center.
    Where is this strip mall located?
    The property is located at 4373 Florida Blvd Baton Rouge, LA.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: Newly renovated "vanilla box" space ready for customization.; **High visibility location on bustling Florida Blvd.**; Ample parking for customers.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Carmen Austin, MBA, CCIM, SIOR
    Real Estate License ID: LA BROK.0912122713-ASA
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    4373 Florida Blvd, Baton Rouge, LA 70806
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!