Office Warehouse Investment
For Sale
$1,975,000
8900 S Choctaw Dr, Baton Rouge, LA 70815
22,695 SF office/warehouse, 66% leased, high-traffic location.
Property Size22,695 SF
Price / SF$87.02
Days on Market1363
Property Features for 8900 S Choctaw Dr
General Information
Standard status
Active
Size
22,695 SF
Property subtype
Other
Listing Agency:
Elifin Realty
Listed By:
Alex Ruch · License #995714093
(225) 485-0238
Source:
Lacdb.resimplifi
Added: Jan 25, 2023
Changed: Oct 11
Last Checked: Oct 19 at 3:30AM
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 Elifin Realty
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Investment Insights
Based on property information with market context.
This approximately 22,695 SF office/warehouse property includes approximately 15,495 SF of office space and approximately 7,200 SF of warehouse space. The office space is divided into two suites with common areas but can be utilized as one contiguous office space. It features a lobby/reception area, an array of private offices, conference rooms, open cubical areas, a file/copy room, mechanical closets, a break room, and restrooms. The climate-controlled warehouse area is divided into two spaces, approximately 2,300 SF and approximately 3,650 SF, and includes 16.0’ ceilings comprised of an exposed metal frame with mounted light fixtures. There are six grade-level roll-up overhead doors. The detached truck bay is approximately 1,250 SF and has approximately 14.0’ clearance. New silicone roofing was installed 2024-2025. The property is located on the corner of S Choctaw Dr and Oak Villa Blvd, with approximately 31,768 daily traffic. S Choctaw Dr/Choctaw Dr is a major commercial/industrial thoroughfare running from Downtown Baton Rouge to the eastern edge of Baton Rouge city limits. The property enjoys approximately 1 mile of access to Airline Hwy and approximately 10 minutes of access to I-12. The property is 66% leased to a national long-term tenant through June 2028 at $17.17/SF gross, with the remaining space currently owner-occupied.
Key Highlights
- 66% leased to a national long‑term tenant through June 2028 at $17.17/SF gross.
- Located on a highly visible corner with ±31,768 daily traffic.
- ±22,695 SF office / warehouse with flexible space configuration (±15,495 SF office, ±7,200 SF warehouse).
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$151,344
Cap Rate
7.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,026,880
$3.0M
Cap Rate 7%
$2,162,057
$2.2M
Cap Rate 9%
$1,681,600
$1.7M
Market Conditions
NOI Build-Up for 22,695 SF
Gross rent
$220.6K $9.72/SF
− Vacancy
−$4.4K −$0.19/SF
EGI
$216.2K $9.53/SF
− OpEx
−$64.9K −$2.86/SF
NOI
$151.3K $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 Rate 5%
$3,026,880
Cap Rate 7%
$2,162,057
Cap Rate 9%
$1,681,600
Alternative Uses
Best Use
Industrial
$2.16M
$1.89M – $2.52M
NOI $151,344 @ 7.0% cap · market cap 7.66%
Second Best
Flex RnD
$2.11M
$1.84M – $2.46M
NOI $147,458 @ 7.0% cap · market cap 7.47%
Theoretical Best
Specialty Retail
$5.44M
$4.76M – $6.34M
NOI $380,467 @ 7.0% cap · market cap 19.26%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
437
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 70815, LA
29,376
Population
12,060
Households
2.4
Avg Household Size
37
Median Age
30%
College-Educated
86%
High-School Grad
9.5 sq mi
ZIP Area
3,092
Density / Sq Mi
$55,804
Median Household Income
$36,158
Median Earnings
$984
Median Rent
$213,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Catering Cajun — 1625 N Airway Dr, Baton Rouge, LA 70815
Frequently Asked Questions
What type of property is this?
Flex space - 22,695 SF office/warehouse, 66% leased, high-traffic location.
Where is this flex space located?
The property is located at 8900 S Choctaw Dr Baton Rouge, LA.
What is the asking price?
The asking price for this property is $1,975,000.
What are key features of this property?
This property features: 66% leased to a national long‑term tenant through June 2028 at $17.17/SF gross.; Located on a highly visible corner with ±31,768 daily traffic.; ±22,695 SF office / warehouse with flexible space configuration (±15,495 SF office, ±7,200 SF warehouse).
