Commercial Land with Existing
For Sale
Contact for pricing
9550 Airline Hwy, Baton Rouge, LA 70809
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 Market832
Property Features for 9550 Airline Hwy
General Information
Standard status
Active
Size
39,582 SF
Total Parking Spaces
319
Lot size
6.06 Acres
Property subtype
Retail, Industrial, Mixed Use
Zoning
C-2
Building Details
Year Built
1996
Buildings
3
Stories
1
Listing Agency:
Saurage Rotenberg Commercial Real Estate
(225) 328-1778
Listed By:
Carmen Austin, MBA, CCIM, SIOR · License #LA BROK.0912122713-ASA
Source:
Crexi
Added: May 23, 2024
Changed: Aug 21
Last Checked: Aug 30 at 11:55PM
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
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$263,957
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.87%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
849
Businesses Nearby
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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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
