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    Sullivan Rd Baton Rouge, LA 70818
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    Sullivan Rd Baton Rouge, LA 70818

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    • Retail properties & Spaces
    • 6,000 SF
    • 0.50 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 0 Sullivan Rd

    Lot size
    0.50 lot acres
    Property size
    6,000 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Restaurants

    Description

    This exceptional investment opportunity presents several prime commercial land parcels in Baton Rouge, Louisiana's thriving Shoe Creek development. Located on Sullivan Road, near the intersection of Sullivan and Wax Roads in Central, LA, zip code 70818, these parcels offer a unique blend of land and retail potential. The available land ranges from 0.5 to 4 acres, with square footage options between 6,000 and 8,300 square feet. The land is zoned TND (Traditional Neighborhood Development) and is priced at $75 to $90 per square foot. Each parcel is designed for a "shovel-ready" construction experience, with significant infrastructure already in place. This includes completed site work, drainage, utilities, landscaping, and lighting for office pads. The hard corner retail pad will include drainage and utilities. The surrounding area boasts a strong existing commercial presence, including national tenants such as Aldi, Five Guys, Sport Clips, Great American Cookies, and CC's Coffee House. This is part of a larger development that includes 250 multi-family units, 479 home sites, and 100 assisted living units, ensuring a robust and growing customer base. The property is offered as an owner/user opportunity with a NNN lease type. The asking price for the entire offering is $622,500. The APN is 017-5731-8. This is an ideal location for a restaurant or other retail establishment seeking high visibility and a thriving community.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Baton Rouge
    County
    East Baton Rouge
    State
    Louisiana
    Longitude
    -91.0284
    Latitude
    30.5397

    Comparable in this City

    • Value Estimation by Request
      22,099 SF

      Central Ln

      Restaurants • 22,099 SF
      0 Central Ln, Baton Rouge, LA 70818
      View Details
    • Value Estimation by Request
      7.34 Acres

      11750 Hooper Rd

      Land • 7.34 Acres
      11750 Hooper Rd, Baton Rouge, LA 70818
      View Details
    • Value Estimation by Request
      1,421 SF

      9728 Sullivan Rd

      Individual retail properties • 1,421 SF
      9728 Sullivan Rd, Baton Rouge, LA 70818
      View Details
    • Value Estimation by Request
      20,000 SF

      The Lawn At Shoe Crk

      Retail properties & Spaces • 20,000 SF
      0 The Lawn At Shoe Crk, Baton Rouge, LA 70818
      View Details
    • Value Estimation by Request
      5.33 Acres

      at Joor Mickens Rd

      Land • 5.33 Acres
      at Joor Mickens Rd, Baton Rouge, LA 70818
      View Details
    • Value Estimation by Request
      2.37 Acres

      10646 Joor Rd

      Land • 2.37 Acres
      10646 Joor Rd, Baton Rouge, LA 70818
      View Details

    Similar Nearby for Sale

    • $485,000

      Commercial Land on Hooper Road

      2.55 acre commercial site with frontage on Hooper Road.
      12939 Hooper Rd, Baton Rouge, LA 70818
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      Commercial Land in Central's Corridor

      Versatile commercial land suitable for office, retail, or investment.
      10646 Joor Rd, Baton Rouge, LA 70818
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    • $595,200

      Sullivan Road Commercial Opportunity

      3.95 acre commercial tract with redevelopment potential.
      11237 Sullivan Rd, Baton Rouge, LA 70818
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      Vacant Land For Sale

      31.08 acres of vacant land zoned R2 and RA.
      9448 Sullivan Rd, Baton Rouge, LA 70818
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    • Contact for pricing

      143.6 Acres Prime Real Estate

      Large land parcel in fast-growing Central, Louisiana.
      10600 Hooper Rd, Baton Rouge, LA 70818
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    Similar Nearby for Lease

    • $19 SF/Yr
      49,000 SF

      Central Plaza Shopping Center

      Baton Rouge retail spaces available
      14455 Wax Rd, Central, LA 70818
      View Details
    • $25 SF/Yr
      1,077 SF

      Retail Space Near Winn-Dixie

      Retail space available for lease next to Winn-Dixie.
      12142 Hooper Rd, Baton Rouge, LA 70818
      View Details
    • Contact for pricing

      Retail Space in Shadow-Anchored Center

      Retail suite available in busy Central, LA shopping center.
      10218 Sullivan Rd, Baton Rouge, LA 70818
      View Details
    • Contact for pricing

      Garden Office Park For Lease

      Office spaces available in new commercial development.
      9850 Sullivan Rd, Baton Rouge, LA 70818
      View Details
    • Contact for pricing

      Office/Educational Facility on Joor Rd

      Office, educational, or multi-use facility with excellent visibility.
      10510 Joor Rd, Baton Rouge, LA 70818
      View Details
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    Baton Rouge, LA 70818
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    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.

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