Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    10296 Choctaw Dr Baton Rouge, LA 70815
    Back to Search
    Property profile & analytics

    10296 Choctaw Dr, Baton Rouge, LA 70815

    View on Map
    • Warehouses
    • 11,800 SF
    • 0.37 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 10296 Choctaw Dr

    Lot size
    0.37 lot acres
    Property type
    Warehouses
    Property subtype
    Industrial properties

    Description

    This exceptional investment opportunity comprises two fully leased industrial buildings totaling 11,800 square feet on a 0.37-acre lot in Baton Rouge, Louisiana. Located at 10296 and 10334 S Choctaw Dr, 70815, this stabilized portfolio offers a compelling return with a current asking price of $650,000 ($55.08/sq ft). The property features two tenants, one with a lease extending to September 2024, including a two-year renewal option with a rent increase to $4,000 per month, and the other on a month-to-month lease. Both buildings are well-maintained, boasting minimal deferred maintenance and each includes two functional roll-up doors. Leases are structured on modified gross terms, with the landlord currently covering property taxes and insurance. This presents a unique opportunity for investors seeking a stable, high-occupancy investment. The properties can be purchased together or individually, although separate purchases require resubdivision. This flexibility, coupled with the strong tenancy and minimal maintenance needs, makes this a highly attractive investment prospect in a desirable Baton Rouge location. The current monthly rent is $6,000, providing a strong cash flow for the investor.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Baton Rouge
    County
    East Baton Rouge Parish
    State
    Louisiana
    Longitude
    -91.0702
    Latitude
    30.4718

    Comparable in this City

    • Value Estimation by Request
      24,000 SF

      9660 Choctaw Dr

      Distribution properties
      9660 Choctaw Dr, Baton Rouge, LA 70815
      View Details
    • Value Estimation by Request
      9,000 SF

      11592 Choctaw Dr

      Distribution properties
      11592 Choctaw Dr, Baton Rouge, LA 70815
      View Details
    • Value Estimation by Request
      1.57 Acres

      8794 Choctaw Dr

      Distribution properties
      8794 Choctaw Dr, Baton Rouge, LA 70815
      View Details
    • Value Estimation by Request

      11356 Choctaw Dr

      Distribution properties
      11356 Choctaw Dr, Baton Rouge, LA 70815
      View Details
    • Value Estimation by Request
      9,000 SF

      11592 Choctaw Dr

      Distribution properties
      11592 Choctaw Dr, Baton Rouge, LA 70815
      View Details
    • Value Estimation by Request
      6.27 Acres

      12911 Florida Blvd

      Land
      12911 Florida Blvd, Baton Rouge, LA 70815
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      New Distribution Center in Baton Rouge

      240,000 SF distribution center under construction, completion Q1 2026.
      8800 Tom Dr, Baton Rouge, LA 70815
      View Details
    • Contact for pricing

      Functional Warehouse and Distribution Space

      Warehouse and distribution space in North Baton Rouge industrial hub.
      7984 Commerce Ave, Baton Rouge, LA 70815
      View Details
    • Contact for pricing
      22,695 SF

      Office Warehouse Investment Opportunity

      22,695 SF office/warehouse, 66% leased, high-traffic location.
      8900 S Choctaw Dr, Baton Rouge, LA 70815
      View Details
    • Contact for pricing

      Office-Warehouse Flex Facility

      Climate-controlled warehouse space with office buildout and fenced rear laydown yard for operational flexibility.
      12233 S Choctaw Dr, Baton Rouge, LA 70815
      View Details
    • $1,450,000

      Office/Warehouse Facility on Choctaw Drive

      32,900 SF office/warehouse with renovated office space and ample parking.
      Baton, Baton Rouge, LA 70815
      View Details
    • Contact for pricing

      Warehouse with Front Roll-Up Door

      Newly renovated warehouse space with front roll-up door access and no office buildout.
      11169 Darryl Dr, Baton Rouge, LA 70815
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Office/Warehouse on Choctaw Drive

      Office and warehouse space for lease with frontage on Choctaw.
      13521 S Choctaw Dr, Baton Rouge, LA 70815
      View Details
    • $5,500 /Mo

      Flex Office with Rear Warehouse

      Fully built-out veterinary office with a rear warehouse, offering a flexible platform for office, industrial, or retail users.
      1514 Cottondale Dr, Baton Rouge, LA 70815
      View Details
    • Contact for pricing
      1,740 SF

      New Industrial Flex Space Available

      Newly constructed, gated industrial complex with buildout opportunities.
      9660 S Choctaw Dr, Baton Rouge, LA 70815
      View Details
    • Contact for pricing

      Office/Warehouse Facility on Choctaw Drive

      7,500 SF office/warehouse for lease in Baton Rouge.
      12233 S Choctaw Dr, Baton Rouge, LA 70815
      View Details
    • Contact for pricing

      Renovated Industrial Office/Warehouse with Yard

      3,000 SF industrial office/warehouse with laydown yard for lease.
      11364 S Choctaw Dr, Baton Rouge, LA 70815
      View Details
    • Contact for pricing

      Warehouse Space with High Accessibility

      Warehouse space available for lease with convenient access points.
      11765 Darryl Dr, Baton Rouge, LA 70815
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    10296 Choctaw Dr
    Baton Rouge, LA 70815
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    10296 Choctaw Dr, Baton Rouge, LA, 70815
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!