Commercial Land with Existing
9550 Airline Hwy, Baton Rouge, LA 70809
For Sale
$4,500,000
6.06 acres with 39,582 SF building on Airline Hwy.
Property Size39,582 SF
Lot Size6.06 Acres
Price / SF$113.69
Days on Market894
Property Features for 9550 Airline Hwy
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Site & Location
Neighborhood
Building Details
Year Built
Listing Agency:
Saurage Rotenberg Commercial Real Estate, LLC
Listed By:
Carmen Austin MBA CCIM SIOR · License LA BROK.0912122713-ASA
(225) 930-6256
Source:
Lacdb.resimplifi
Added: May 31, 2024
Changed: Nov 1
Last Checked: Nov 10 at 5:09AM
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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Investment Insights
Based on property information with market context.
This property features over 6.06 acres of commercially zoned and secured land, improved with an existing 39,582 square foot building that formerly served as a car dealership. Situated in a high-traffic retail corridor, the site offers convenient access to I-12 and features a turning lane for easy ingress and egress. The property boasts over 350 feet of frontage on Airline Highway and benefits from strong demographics. Zoned C-2, the site is suitable for a variety of uses, including automotive sales, RV or car dealership, truck stop, self-storage, staging, retail, heavy equipment sales, warehouse distribution, and sports and recreational facilities. The property is located between the Hammond Aire Plaza, a 350,000 square foot regional shopping center anchored by Albertson's, Marshall's, and Burlington, and an Ashley Furniture Homestore. There are over 319 available parking spaces.
Key Highlights
- Over 6 acres of commercially zoned land
- +/-39,582 sf existing building (former car dealership)
- High traffic retail corridor with quick access to I‑12
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$263,957
Cap Rate
5.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,279,140
$5.3M
Cap Rate 7%
$3,770,814
$3.8M
Cap Rate 9%
$2,932,856
$2.9M
Market Conditions
NOI Build-Up for 39,582 SF
Gross rent
$384.7K $9.72/SF
− Vacancy
−$7.7K −$0.19/SF
EGI
$377.1K $9.53/SF
− OpEx
−$113.1K −$2.86/SF
NOI
$264.0K $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%
$5,279,140
Cap Rate 7%
$3,770,814
Cap Rate 9%
$2,932,856
Alternative Uses
Best Use
Retail
$8.85M
$7.74M – $10.32M
NOI $619,329 @ 7.0% cap · market cap 13.76%
Second Best
Industrial
$3.77M
$3.30M – $4.40M
NOI $263,957 @ 7.0% cap · market cap 5.87%
Theoretical Best
Specialty Retail
$9.48M
$8.29M – $11.06M
NOI $663,567 @ 7.0% cap · market cap 14.75%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
849
Businesses Nearby
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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
$305,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Retail properties & Spaces in Baton Rouge, LA
Properties on Market for Retail properties & Spaces in Baton Rouge
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Retail property - 6.06 acres with 39,582 SF building on Airline Hwy.
Where is this retail property located?
The property is located at 9550 Airline Hwy Baton Rouge, LA.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: Over 6 acres of commercially zoned land; +/-39,582 sf existing building (former car dealership); High traffic retail corridor with quick access to I‑12
