3118 Balis DrBaton Rouge, LA 70808

Property Details for 3118 Balis Dr

Lot size

1.85 AC

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

30825004

APU

30825004

Description

This exceptional multi-use commercial property in Baton Rouge offers a diverse range of spaces ideal for various businesses. The 43,000 square foot complex, built in 2018, comprises five single-story buildings situated on three acres of land. The property features a total of 28 suites, with a minimum divisible space of 1,420 square feet and a maximum contiguous space of 3,000 square feet. Currently, 1,560 square feet are vacant and immediately available. The buildings boast 16-foot ceilings, providing ample vertical space. Loading and unloading are facilitated by one loading dock and one dock-high door, complemented by 28 drive-in doors for convenient access. The property also offers climate-controlled office spaces, each including a private bathroom. Additional amenities include ample parking with 100 spaces, gated access for enhanced security, and high-speed fiber optic internet connectivity. The lease is a triple net lease, encompassing trash, sewer, water, gated area maintenance, common area maintenance, taxes, and insurance. This prime commercial location enjoys easy access to I-10, making it an excellent choice for businesses seeking convenient transportation and logistics. The flexible layout caters to a variety of needs, from traditional office spaces to warehouse and manufacturing operations. Inquire today to explore the possibilities.

• CAP approach

  CAP return

  Valuation

  6%

  $13,654,956

  6.5%

  $12,604,575

  7%

  $11,704,248

• Comparable approach

  Method

  Valuation

  Relative Method

  $9,517,829

  Geo Method

  $37,355,924

• Alternative Use

  Use

  Valuation

  Residential

  $12,604,575

  Hospitality

  $11,545,723

  Educational

  $9,605,906

  Medical

  $9,936,267

  Retail

  $14,942,520

Location Insight

City

Baton Rouge

County

East Baton Rouge

State

Louisiana

Latitude

30.4205

Longitude

-91.1447

CBSA code

12940

CBSA name

BATON ROUGE, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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