6949 Commerce CirBaton Rouge, LA 70809

Property Details for 6949 Commerce Cir

Year built

2008

Lot size

0.72 AC

Property size (Sq ft)

7,310 SF

Property type

Investment properties

Property subtype

Retail residential properties

APN

2455897

APU

2455897

Description

This exceptional 1,940 square foot Class A medical office space is available for lease in Baton Rouge, Louisiana. Located at 6949 Commerce Circle, this single-tenant property boasts a prime location just off Corporate Boulevard, near the new Farm Bureau Headquarters and the upscale Towne Center retail development. The building's PUD zoning ensures flexibility for various medical uses. The space previously served as a lab, offering adaptable layouts for a variety of medical practices. Its convenient access to major thoroughfares, including I-10 and I-12, provides excellent accessibility for both patients and staff. The College exit for I-10 is only 1.5 miles away, and the Essen exit for I-12 is approximately 2.1 miles away. Enjoy the convenience of numerous nearby restaurants, including Newk's, Starbucks, P.F. Chang's, Fleming's, Walk-Ons, Five Guys, Zea, and Cava, among others. This property presents a unique opportunity to establish or expand a medical practice in a thriving and highly accessible location within Baton Rouge's premier commercial district. The zip code is 70809.

• CAP approach

  CAP return

  Valuation

  6%

  $1,137,980

  6.5%

  $1,050,440

  7%

  $975,412

• Comparable approach

  Method

  Valuation

  Relative Method

  $568,766

  Geo Method

  $2,232,310

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $2,047,830

  Retail / Commercial

  $1,052,400

  Hospitality / Lodging

  $773,017

  Office

  $1,046,080

  Institutional / Educational

  $1,092,680

  Residential Income

  $1,278,440

  Multifamily

  $1,523,320

  Automotive / Energy

  $936,583

  Parking / Income-Based Land

  $321,428

  Restaurant / Food Service

  $550,180

  Healthcare / Senior Housing

  $1,075,370

Location Insight

City

Baton Rouge

County

East Baton Rouge

State

Louisiana

Latitude

30.4296

Longitude

-91.1201

CBSA code

12940

CBSA name

BATON ROUGE, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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