12097 Old Hammond HwyBaton Rouge, LA 70816

Property Details for 12097 Old Hammond Hwy

Property size (Sq ft)

11,624 SF

Property type

Investment properties

Property subtype

Retail residential properties

APN

931276

APU

931276

Description

This exceptional investment opportunity presents a two-story, 13-unit office condominium complex ideally situated at 12097 Old Hammond Hwy, Baton Rouge, Louisiana, 70816. The property boasts a total of 11,747 square feet, situated on a 0.83-acre lot, and is zoned C1. Each unit is part of a traditional office building, offering a diverse range of spaces for various business needs. Currently achieving 100% occupancy, the complex generates a substantial annual gross rent of $103,000. The high occupancy rate is consistently maintained, with vacant units typically leased within two weeks. This demonstrates strong tenant demand and a stable income stream. The property's operational efficiency is further enhanced by the owner's responsibility for water, sewer, and trash services, while tenants cover their individual electricity costs. Detailed financial information, including the rent roll and profit and loss statement, is readily available upon request, providing potential buyers with a comprehensive understanding of the property's financial performance. This presents a compelling opportunity for investors seeking a stable, high-return investment in a thriving Baton Rouge location.

• CAP approach

  CAP return

  Valuation

  6%

  $2,023,344

  6.5%

  $1,867,702

  7%

  $1,734,294

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,374,368

  Geo Method

  $5,394,170

• Alternative Use

  Use

  Valuation

  Residential

  $1,867,702

  Hospitality

  $1,710,805

  Educational

  $1,423,370

  Medical

  $1,472,321

  Retail

  $2,214,130

Location Insight

City

Baton Rouge

County

East Baton Rouge

State

Louisiana

Latitude

30.4408

Longitude

-91.0454

CBSA code

12940

CBSA name

BATON ROUGE, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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