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    13365 Coursey Blvd Baton Rouge, LA 70816

    Sponsored
    For Sale
    $1,099,000

    High-yield, 2-tenant retail center in Baton Rouge.

    Property size:
    5,790 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a 5,790 square foot shopping center located at 13365 Coursey Boulevard, Baton Rouge, Louisiana, 70816. The property sits on a 0.55-acre lot and boasts a 100% occupancy rate with two established tenants: Papa Johns and Smart Cleaners. Smart Cleaners is a unique, on-site pickup and cleaning facility utilizing the latest eco-friendly equipment. The center is zoned C-2 and benefits from its location in a high-traffic area with a dense residential population, ensuring consistent customer flow for both tenants. The asking price is $1,099,000, representing a compelling price per square foot of $189.81 and a 7.00% cap rate. This multi-tenant net-leased property offers a stable income stream and significant potential for long-term appreciation. The property's APN is 1028804. This is a turnkey investment ideal for passive income seekers. The property's strong tenant mix, high occupancy, and prime location make it a truly attractive opportunity in the thriving Baton Rouge market. Don't miss this chance to acquire a well-established and profitable retail center.

    Property Features for 13365 Coursey Blvd

    General Information

    Property type
    NNN properties
    Square Feet
    5,790 SF
    Lot Size
    23,958 SF

    HighLights

    • 5,790 SF shopping center for sale at 13365 Coursey Blvd, Baton Rouge, LA 70816.
    • Two tenants: Papa Johns and Smart Cleaners, with 100% occupancy.
    • Smart Cleaners is an on‑site, eco‑friendly pickup and cleaning facility.
    • Located in a high‑traffic area with dense residential population.
    • C‑2 zoning.
    Property Profile Location Intelligence

    Current Use by Public Records

    Papa John's Pizza Pizza Restaurant Smart Cleaners Dry Cleaner

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Baton Rouge
    County
    East Baton Rouge
    State
    Louisiana
    Longitude
    -91.0309012
    Latitude
    30.4090723

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    FAQs

    What type of property is this?
    NNN property - High-yield, 2-tenant retail center in Baton Rouge.
    Where is this nnn property located?
    The property is located at 13365 Coursey Blvd Baton Rouge, LA.
    What is the asking price?
    The asking price for this property is $1,099,000.
    What are key features of this property?
    This property features: 5,790 SF shopping center for sale at 13365 Coursey Blvd, Baton Rouge, LA 70816.; Two tenants: Papa Johns and Smart Cleaners, with 100% occupancy.; Smart Cleaners is an on-site, eco-friendly pickup and cleaning facility.
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    Realmo Value Estimation

    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.

    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.

    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
    13365 Coursey Blvd Baton Rouge, LA 70816
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