311 Airport AveBaton Rouge, LA 70806

Property Details for 311 Airport Ave

Property size (Sq ft)

4,900 SF

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

1588729

APU

1588729

Description

This exceptional 5,000 square foot, two-story Class B office building presents a compelling owner-user or investment opportunity in Baton Rouge, Louisiana. Located at 311 E Airport Ave, 70806, this multi-tenant property boasts five individual suites, two on the ground floor and three on the second, ideal for executive or medical office use. The building sits on a lot just under half an acre and features substantial on-site parking. Currently operating under a NNN lease structure, the property offers a strong 3.00% cap rate at an asking price of $525,000 ($85/sq ft). The property benefits from a recently installed new roof and is conveniently located across from the Independence Park Governmental Complex, between Goodwood Blvd and Florida Blvd, in a market demonstrating significant rental growth potential. With only two suites currently available for lease, this presents a unique chance to acquire a well-positioned asset with immediate income generation and future upside. The property's APN is 015-8872-9 and is zoned C. This is a prime opportunity for investors seeking a value-add project in a high-demand area.

• CAP approach

  CAP return

  Valuation

  6%

  $831,074

  6.5%

  $767,145

  7%

  $712,349

• Comparable approach

  Method

  Valuation

  Relative Method

  $579,353

  Geo Method

  $2,273,867

• Alternative Use

  Use

  Valuation

  Residential

  $767,145

  Hospitality

  $702,701

  Educational

  $584,639

  Medical

  $604,746

  Retail

  $909,438

Location Insight

City

Baton Rouge

County

East Baton Rouge

State

Louisiana

Latitude

30.4491

Longitude

-91.1018

CBSA code

12940

CBSA name

BATON ROUGE, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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