Baton Rouge Flex/Industrial/Office
For Sale
$1,450,000
8377 Picardy Ave, Baton Rouge, LA 70809
Flex, industrial, and office property available for sale.
Property Size12,513 SF
Price / SF$115.88
Days on Market997
Property Features for 8377 Picardy Ave
General Information
Standard status
Active
Size
12,513 SF
Total Parking Spaces
186
Property subtype
Industrial
Zoning
C2
Amenities
Water
Sewer
186 Parking Spaces
Listing Agency:
Saurage Rotenberg Commercial Real Estate, LLC
Listed By:
Michael Stinson
(225) 907-7793
Source:
Lacdb.resimplifi
Added: Jan 26, 2024
Changed: Oct 2
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 Saurage Rotenberg Commercial Real Estate, LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This commercial real estate property, located at 8377 Picardy Ave in Baton Rouge, Louisiana, offers 8,633 square feet of flex, industrial, and office space. The property is available for sale.
Key Highlights
- Flex property suitable for industrial and office use.
- Property available for sale.
- Industrial space available.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$119,684
Cap Rate
8.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,393,680
$2.4M
Cap Rate 7%
$1,709,771
$1.7M
Cap Rate 9%
$1,329,822
$1.3M
Market Conditions
NOI Build-Up for 12,513 SF
Gross rent
$163.7K $13.08/SF
− Vacancy
−$4.1K −$0.33/SF
EGI
$159.6K $12.75/SF
− OpEx
−$39.9K −$3.19/SF
NOI
$119.7K $9.56/SF
Area
Baton Rouge, LA
Vacancy
2.50%
Lease Rate
$13.08 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,393,680
Cap Rate 7%
$1,709,771
Cap Rate 9%
$1,329,822
Alternative Uses
Best Use
Office B
$1.71M
$1.50M – $1.99M
NOI $119,684 @ 7.0% cap · market cap 8.25%
Second Best
Industrial
$1.19M
$1.04M – $1.39M
NOI $83,444 @ 7.0% cap · market cap 5.75%
Theoretical Best
Specialty Retail
$3.00M
$2.62M – $3.50M
NOI $209,772 @ 7.0% cap · market cap 14.47%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,812
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 70809, LA
25,302
Population
13,872
Households
1.8
Avg Household Size
40
Median Age
55%
College-Educated
97%
High-School Grad
14.4 sq mi
ZIP Area
1,757
Density / Sq Mi
$81,310
Median Household Income
$55,827
Median Earnings
$1,336
Median Rent
$305,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Flex space - Flex, industrial, and office property available for sale.
Where is this flex space located?
The property is located at 8377 Picardy Ave Baton Rouge, LA.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: Flex property suitable for industrial and office use.; Property available for sale.; Industrial space available.
