11832 Newcastle AveBaton Rouge, LA 70816

Property Details for 11832 Newcastle Ave

Property size (Sq ft)

19,873 SF

Property type

Investment properties

Property subtype

Retail residential properties

APN

1506579

APU

1506579

Description

This exceptional opportunity presents 1,100 square feet of move-in ready office space available for lease in Baton Rouge, Louisiana. Located at 11832 Newcastle Ave, 70816, this Class B property offers nine available suites within a larger 19,800 square foot, two-story building situated on a 1.02-acre lot. Each suite boasts approximately 1,100 square feet, featuring a full kitchen and bath, 2-3 private offices, and a reception area. The building is zoned C-2 and was constructed in 1980 (APN: 1506579). Leases are modified gross, with a base rent of $495 per month for upstairs units and $645 per month for downstairs units. Common area maintenance (CAM) charges are $183.33 per month for water, sewer, and trash. A $50 monthly base rent increase applies in the second year. A signage fee of $100 is also applicable for an 18x24 sign. This property is conveniently located in the busy Sherwood Forest corridor, offering excellent visibility and accessibility. Don't miss this chance to secure affordable, high-quality office space in a prime Baton Rouge location. Contact us today to schedule a viewing.

• CAP approach

  CAP return

  Valuation

  6%

  $3,459,361

  6.5%

  $3,193,256

  7%

  $2,965,167

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,349,692

  Geo Method

  $9,222,155

• Alternative Use

  Use

  Valuation

  Residential

  $3,193,256

  Hospitality

  $2,925,006

  Educational

  $2,433,570

  Medical

  $2,517,265

  Retail

  $3,785,554

Location Insight

City

Baton Rouge

County

East Baton Rouge

State

Louisiana

Latitude

30.4198

Longitude

-91.0493

CBSA code

12940

CBSA name

BATON ROUGE, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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