Retail Strip Center For
For Sale
$2,400,000
18291 Highland Rd, Baton Rouge, LA 70810
Retail strip center in Baton Rouge with income potential.
Property Size9,500 SF
Price / SF$252.63
Days on Market1911
Property Features for 18291 Highland Rd
General Information
Standard status
Active
Size
9,500 SF
Property subtype
Retail
Zoning
C2
Building Details
Year Built
2006
Listing Agency:
Kurz & Hebert
Listed By:
Mark Hebert
(225) 337-5555
Source:
Lacdb.resimplifi
Added: Jul 28, 2021
Changed: Oct 9
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 Kurz & Hebert
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This retail strip center is located on an outparcel of Home Depot along Highland Road, across from the Highland Market Place. The property is situated in a South Baton Rouge location near the intersection of Highland Road and Interstate 10. The surrounding area features high-income demographics within the Baton Rouge Metropolitan Statistical Area. The property has a total size of 9,500 square feet. Currently, the property is 76% occupied with stable tenants. A 2,500 square foot end cap unit is available, which can be divided into two 1,250 square foot spaces. This presents an opportunity for an owner-occupant to take advantage of financing terms and generate income.
Key Highlights
- Premier location: Outparcel of Home Depot on Highland Road, across from Highland Market Place.
- High‑income demographics: Located in the Baton Rouge MSA's highest income area.
- Income‑generating: 76% occupied with stable tenants.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$148,644
Cap Rate
6.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,972,880
$3.0M
Cap Rate 7%
$2,123,486
$2.1M
Cap Rate 9%
$1,651,600
$1.7M
Market Conditions
NOI Build-Up for 9,500 SF
Gross rent
$213.2K $22.44/SF
− Vacancy
−$831 −$0.09/SF
EGI
$212.3K $22.35/SF
− OpEx
−$63.7K −$6.71/SF
NOI
$148.6K $15.65/SF
Area
Baton Rouge, LA
Vacancy
0.39%
Lease Rate
$22.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,972,880
Cap Rate 7%
$2,123,486
Cap Rate 9%
$1,651,600
Alternative Uses
Best Use
Retail
$2.12M
$1.86M – $2.48M
NOI $148,644 @ 7.0% cap · market cap 6.19%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.28M
$1.99M – $2.65M
NOI $159,261 @ 7.0% cap · market cap 6.64%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
535
Businesses Nearby
170k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 39%
Dining 39%
Home Improvements & Furnishings 19%
Beauty & Spa 2%
The Home Depot
Home Improvements & Furnishings
31,538 visits/mo
0.2 miles
Exxon
Shops & Services
19,586 visits/mo
0.1 miles
Circle K
Shops & Services
19,169 visits/mo
0.1 miles
Shell
Shops & Services
18,085 visits/mo
0.4 miles
Starbucks
Dining
15,777 visits/mo
0.1 miles
Demographics for 70810, LA
42,472
Population
19,195
Households
2.2
Avg Household Size
38
Median Age
55%
College-Educated
95%
High-School Grad
26.2 sq mi
ZIP Area
1,621
Density / Sq Mi
$93,712
Median Household Income
$52,510
Median Earnings
$1,406
Median Rent
$353,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Strip mall - Retail strip center in Baton Rouge with income potential.
Where is this strip mall located?
The property is located at 18291 Highland Rd Baton Rouge, LA.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: Premier location: Outparcel of Home Depot on Highland Road, across from Highland Market Place.; High‑income demographics: Located in the Baton Rouge MSA's highest income area.; Income‑generating: 76% occupied with stable tenants.
