Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    3617 Perkins Rd Baton Rouge, LA 70808
    Property profile & analytics

    3617 Perkins Rd, Baton Rouge, LA 70808

    View on Map
    • Neighborhood centers
    • 18,200 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Simply Pilates by Cecile / Gym & Fitness Center
    • Coffee Joy / Cafe & Coffee Shop
    • Rice & Roux / Restaurant
    • Adrienne Clark / Physician
    • Red Stick Electronics / Computer & Electronic Repair / Tech Support Center

    Property Details for 3617 Perkins Rd

    Property type
    Neighborhood centers
    Property subtype
    Lifestyle centers

    Description

    This exceptional retail opportunity is located in the Acadian Perkins Shopping Center at 3617 Perkins Rd, Baton Rouge, LA 70808. The property boasts a highly desirable location at the hard corner of Perkins Road and Acadian Thruway, benefiting from exceptional visibility and high traffic counts. Two retail spaces are currently available, offering flexible layouts suitable for a variety of businesses. Suite 1F, measuring 1,500 square feet, is a former nutrition store and includes fixtures, furniture, and equipment for a monthly rent of $2500 (NNN). Suite 2H, spanning 1,692 square feet, is a move-in ready space ideal for a boutique or similar business, featuring an office, break area, and counter. The shopping center itself comprises 18,200 square feet across two stories, with ample parking (352+ spaces) and convenient access to I-10 and I-12. The center enjoys a strong tenant mix, including Mattress Firm, Smoothie King, Burgersmith, and others, creating a vibrant and synergistic shopping environment. The property is zoned C-2 and features up to 18-foot eave heights with a rear loading dock. This established shopping center offers excellent visibility, convenient access to surrounding neighborhoods, and a proven track record of success, making it an ideal investment for discerning retail businesses. The property's location near LSU, Southdowns, and the LSU Lakes further enhances its appeal. The adjacent Acadian Perkins Plaza adds to the area's vibrancy, with establishments like Jabby's Pizza and Juban's Restaurant.

    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
    -91.1512
    Latitude
    30.4214

    Comparable in this City

    • Value Estimation by Request
      70,080 SF

      5241 Highland Rd

      Lifestyle centers
      5241 Highland Rd, Baton Rouge, LA 70808
      View Details
    • Value Estimation by Request
      94,328 SF

      3653 Perkins Rd

      Lifestyle centers
      3653 Perkins Rd, Baton Rouge, LA 70808
      View Details
    • Value Estimation by Request

      1919 Staring Ln

      Neighborhood centers
      1919 Staring Ln, Baton Rouge, LA 70808
      View Details
    • Value Estimation by Request

      2950 College Dr

      Neighborhood centers
      2950 College Dr, Baton Rouge, LA 70808
      View Details
    • Value Estimation by Request
      14,000 SF

      4469 Perkins Rd

      Retail properties & Spaces
      4469 Perkins Rd, Baton Rouge, LA 70808
      View Details
    • Value Estimation by Request
      2,286 SF

      2223 Quail Run Dr

      Medical Office Space
      2223 Quail Run Dr, Baton Rouge, LA 70808
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Retail Shops Near Sprouts Market

      Retail spaces available in Rouzan, adjacent to Sprouts Farmers Market.
      Rouzan Ave, Baton Rouge, LA 70808
      View Details
    • $385,000

      Highland Road Commercial Development Site

      0.410 acre tract zoned for commercial and residential development.
      7391 Highland Rd, Baton Rouge, LA 70808
      View Details
    • Contact for pricing
      3,561 SF

      Tigerland Bar with FF&E

      Bogie’s Bar in Baton Rouge, furniture, fixtures, and equipment included.
      705 E Boyd Dr, Baton Rouge, LA 70808
      View Details
    • Contact for pricing
      27,398 SF

      Multi-Tenant Office Investment Opportunity

      Three-building office park with value-add potential in Baton Rouge.
      4845 Jamestown Ave, Baton Rouge, LA 70808
      View Details
    • $224,278
      0.14 Acres

      Residential Land in Rouzan Community

      Land for dream home in vibrant Baton Rouge community.
      1725 Rue De Grand, Baton Rouge, LA 70808
      View Details
    • Contact for pricing

      Highland Road Commercial Development Opportunity

      0.410 acre tract zoned for commercial and residential development.
      7391 Highland Rd, Baton Rouge, LA 70808
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space Near LSU

      Retail and restaurant spaces available in bustling shopping center.
      257 Lee Dr, Baton Rouge, LA 70808
      View Details
    • $16 SF/Yr

      Retail and Restaurant Space Available

      Retail and restaurant spaces for lease near LSU campus.
      3930 Burbank Dr, Baton Rouge, LA 70808
      View Details
    • Contact for pricing

      Freestanding Building in CitiPlace

      34,325 SF building suitable for retail, medical, or office.
      2590 Citiplace Ct, Baton Rouge, LA 70808
      View Details
    • Contact for pricing
      64,740 SF

      Retail Space in Baton Rouge

      Retail property available for lease in Baton Rouge, Louisiana.
      2950 College Dr, Baton Rouge, LA 70808
      View Details
    • Contact for pricing

      Retail Space at CitiPlace Center

      Retail spaces available in South Baton Rouge shopping center.
      2561 Citiplace Ct, Baton Rouge, LA 70808
      View Details
    • $20 SF/Yr

      Grocery Anchored Retail Center

      Highly visible retail center near LSU campus with signage opportunities.
      5255 Highland Rd, Baton Rouge, LA 70808
      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.
    3617 Perkins Rd
    Baton Rouge, LA 70808
    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
    3617 Perkins Rd, Baton Rouge, LA, 70808
    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!