11949 Bricksome AveBaton Rouge, LA 70816

Property Details for 11949 Bricksome Ave

Year built

1981

Property size (Sq ft)

2,830 SF

Property type

Mixed-use properties

Property subtype

Other investment 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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