11949 Bricksome AveBaton Rouge, LA 70816

Property Details for 11949 Bricksome Ave

Year built

1981

Property size (Sq ft)

2,830 SF

Property type

Investment properties

Property subtype

Retail residential properties

APN

3136728

APU

3136728

Description

This Baton Rouge, Louisiana property, located at 11949 Bricksome Ave, zip code 70816, offers flexible office space in a traditional office setting. The building, constructed in 1981, totals 2,950 square feet and is situated in East Baton Rouge Parish. Two suites are available for lease, offering a range of sizes from a minimum of 725 square feet to a maximum contiguous space of 1,475 square feet. Currently, 1,475 square feet are vacant, encompassing Suites A & B. This combined space features six private offices, a lobby/reception area, a conference room, two restrooms, and a kitchenette. Alternatively, Suite A can be leased independently, providing 725 square feet with three private offices, a lobby/reception area, a kitchenette, a storage closet, and one restroom. The gross lease rate for the larger, 1,475 square foot space is $1,700 per month, while the smaller, 725 square foot Suite A is offered at $875 per month. All utilities are included in the lease price, excluding janitorial services, phone, and data. The property enjoys convenient access to major roadways including I-12, I-10, and Airline Highway. This is an excellent budget-friendly option for smaller office users seeking an efficient layout.

• CAP approach

  CAP return

  Valuation

  6%

  $492,622

  6.5%

  $454,728

  7%

  $422,247

• Comparable approach

  Method

  Valuation

  Relative Method

  $334,606

  Geo Method

  $1,313,274

• Alternative Use

  Use

  Valuation

  Residential

  $454,728

  Hospitality

  $416,528

  Educational

  $346,547

  Medical

  $358,465

  Retail

  $539,073

Location Insight

City

Baton Rouge

County

East Baton Rouge

State

Louisiana

Latitude

30.426

Longitude

-91.0484

CBSA code

12940

CBSA name

BATON ROUGE, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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