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    5500 Florida Blvd Baton Rouge, LA 70806

    Sponsored
    For Lease
    $10 SF/Yr

    Flexible office suites, prime location.

    Lot size:
    33,424 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    415
    This exceptional commercial property, located at 5500 Florida Blvd in Baton Rouge, Louisiana, offers a fantastic opportunity for businesses seeking flexible office space. The building, encompassing 33,424 square feet, features two stories and is situated in the vibrant Mid-City area of East Baton Rouge Parish (APN 908894). Two available suites provide ample space, with one offering approximately 2,000 square feet on the first floor and another approximately 11,200 square feet on the second floor. The second-floor suite presents a unique opportunity for tenant improvements and build-out, allowing businesses to customize their space to perfectly meet their needs. Convenience is key, with elevator access ensuring handicap accessibility throughout the building. The property's strategic location directly on Florida Boulevard, moments from Government Street, provides easy access to a wealth of amenities. Nearby establishments include popular restaurants such as Superior Grill, Soji, and Cork's Cajun Fried Fish & Shrimp, as well as Baton Rouge Community College. This makes it an ideal location for businesses seeking a blend of convenience, accessibility, and a thriving community atmosphere. The building consists of one structure with a total of two stories. This listing is for multiple tenancies within the building.

    Property Features for 5500 Florida Blvd

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    33,424 SF
    Total Rate
    27853.33

    Building Details

    Buildings
    1
    Stories
    2

    Unit(s) available at that property

    Space
    A
    Size
    2,000 SF
    Rate per SF
    $10
    Space
    B
    Size
    11,200 SF
    Rate per SF
    $10

    We can help!

    Listing Contact
    Jacob Loveland
    Jacob Loveland

    Learn more

    Property Insight Report

    HighLights

    • Tenant improvements/build‑out available for the 11,200 SF second‑floor suite.
    • Handicap accessible with elevator.
    • ±2,000 SF available on the first floor and ±11,200 SF available on the second floor.
    • Excellent location near Superior Grill, Soji, and Baton Rouge Community College.
    Property Profile Location Intelligence

    Current Use by Public Records

    Presidential Grooming Barber Shop Cut Theory 101 Beauty Salon Beacon For Life Assisted ... Assisted Living Facility Dr Check Loan Agency Habitat For Humanity of Greater ... Non-Profit Organization

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office 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
    -91.133038396033
    Latitude
    30.450748681886

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    FAQs

    What type of property is this?
    Office Property / Space - Flexible office suites, prime location.
    Where is this office property / space located?
    The property is located at 5500 Florida Blvd Baton Rouge, LA.
    What is the lease rate?
    The lease rate is $10 SF/Yr.
    What are key features of this property?
    This property features: Tenant improvements/build-out available for the 11,200 SF second-floor suite.; Handicap accessible with elevator.; ±2,000 SF available on the first floor and ±11,200 SF available on the second floor.
    Request Owner's contact information
    5500 Florida Blvd Baton Rouge, LA 70806
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    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
    5500 Florida Blvd Baton Rouge, LA 70806
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    We can help!
    Listing Contact
    Jacob Loveland
    Jacob Loveland
    Real Estate License ID: LA
    Learn more
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