10699 Airline HwyBaton Rouge, LA 70816

  • Mixed-use properties
  • 13,484 SF
For Lease
$12/SF/YR View listing

Property Details for 10699 Airline Hwy

Year built
2001
Lot size
1.00 AC
Property size (Sq ft)
13,484 SF
Property type
Mixed-use properties
Property subtype
Other investment properties
APN
1070517
APU
1070517

Description

This exceptional 1,975-square-foot single-tenant office and retail space is ideally situated at 10699 Airline Hwy in Baton Rouge, Louisiana, zip code 70816. The property, classified as Class B, boasts a prime location offering excellent street visibility and high foot traffic due to its proximity to major thoroughfares including I-10, Jefferson Hwy, and Siegen Ln. The building, a single-story structure on a 33,977-square-foot lot, is zoned C-2 and features one restroom, a lobby/reception area, and seven versatile rooms suitable for various office configurations. Ample parking is available both in front and behind the building. This flexible space is perfect for a variety of uses, including office, retail, or a combination of both. The property's location within a vibrant commercial district, near establishments such as Walmart Neighborhood Market, Costco, car dealerships, Siegen Plaza, and The Chimes East, ensures high visibility and accessibility. The property's APN is 010-7051-7, and it's located in East Baton Rouge Parish, submarket 43. This is a rare opportunity to secure a well-positioned, functional space in a thriving commercial area. The building has no elevators.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $2,347,313
    6.5%
    $2,166,750
    7%
    $2,011,982
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,594,286
    Geo Method
    $6,257,311
  • Alternative Use

    Use
    Valuation
    Residential
    $2,166,750
    Hospitality
    $1,984,732
    Educational
    $1,651,273
    Medical
    $1,708,063
    Retail
    $2,568,648
10699 Airline Hwy, Baton Rouge, Louisiana

Location Insight

City
Baton Rouge
County
East Baton Rouge
State
Louisiana
Latitude
30.4089
Longitude
-91.062
CBSA code
12940
CBSA name
BATON ROUGE, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$14,955
$35,000
$93,750
$128,750
-
$350,000
$625,000
$975,000

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