11628 Choctaw DrBaton Rouge, LA 70815

Property Details for 11628 Choctaw Dr

Year built

1977

Property size (Sq ft)

16,800 SF

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

1064703

APU

1064703

Description

This exceptional industrial property, located at 11628 S Choctaw Dr, Baton Rouge, LA 70815, presents a significant investment opportunity. The 32,900 square foot building sits on a 1.04-acre lot and offers a unique blend of office and warehouse space. The structure, built in 1977 and renovated in 2001, features approximately 16,800 square feet of finished office space, including executive suites, a conference room, reception area, kitchen, and restrooms. The remaining 16,100 square feet comprises unfinished warehouse space with concrete floors and exposed steel framing. Key features include two 14' x 16' dock-high doors, a loading ramp, a supply elevator, 3-phase power, 44 parking spaces, and pylon signage. The office area boasts a central HVAC system (reportedly replaced in 2011). The building's exterior is a combination of brick veneer and corrugated metal siding, with a flat built-up roof on the office section and a pitched metal roof on the warehouse. A new roof was reportedly installed in recent years at a cost of $58,000. The property is situated on a concrete slab foundation with steel frame construction. The asking price is $1,600,000, translating to $57.75 per square foot. At the time of the last inspection, the property was in overall average condition.

• CAP approach

  CAP return

  Valuation

  6%

  $2,924,222

  6.5%

  $2,699,282

  7%

  $2,506,476

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,986,354

  Geo Method

  $7,796,116

• Alternative Use

  Use

  Valuation

  Residential

  $2,699,282

  Hospitality

  $2,472,528

  Educational

  $2,057,114

  Medical

  $2,127,862

  Retail

  $3,199,956

Location Insight

City

Baton Rouge

County

East Baton Rouge

State

Louisiana

Latitude

30.4722

Longitude

-91.0543

CBSA code

12940

CBSA name

BATON ROUGE, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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