6949 Commerce CirBaton Rouge, LA 70809

  • Mixed-use properties
  • 7,310 SF
For Lease
$22/SF/YR View listing

Property Details for 6949 Commerce Cir

Year built
2008
Lot size
0.72 AC
Property size (Sq ft)
7,310 SF
Property type
Mixed-use properties
Property subtype
Other investment 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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,239,907
    6.5%
    $1,144,530
    7%
    $1,062,778
  • Comparable approach

    Method
    Valuation
    Relative Method
    $864,301
    Geo Method
    $3,392,238
  • Alternative Use

    Use
    Valuation
    Residential
    $1,144,530
    Hospitality
    $1,048,383
    Educational
    $872,242
    Medical
    $902,240
    Retail
    $1,356,821
6949 Commerce Cir, Baton Rouge, Louisiana

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$12,781
$47,790
$62,210
$110,000
-
$477,900
$414,733
$892,633

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