11281 Old Hammond HwyBaton Rouge, LA 70816

Property Details for 11281 Old Hammond Hwy

Year built

2006

Lot size

0.05 AC

Property size (Sq ft)

5,813 SF

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

1075292

APU

1075292

Description

This exceptional 2,000 square foot medical office space is available for lease at 11281 Old Hammond Hwy, Suite C, Baton Rouge, LA 70816. Located at the intersection of Sherwood Forest Blvd and Old Hammond Hwy, this property offers prime visibility and high daily traffic. The space, part of a two-building complex constructed in 2006, is in excellent condition and features four spacious offices, a comfortable breakroom, two restrooms, and a welcoming reception area. A 600 square foot common area is also included. Fifteen designated parking spaces are available for tenants and their clients. The building is zoned B1 and offers ample electricity. The property is ideally suited for a variety of medical uses, including doctor's offices, dental practices, rehabilitation centers, and physiotherapy clinics. Currently, there are three suites in the building, with one suite available for lease. The monthly rent is $2,700, which equates to an annual rate of $16.20 per square foot. Premier Eyecare & Optical is a current tenant in the building. This is a Class B property with excellent potential for a variety of medical professionals.

• CAP approach

  CAP return

  Valuation

  6%

  $1,011,881

  6.5%

  $934,044

  7%

  $867,326

• Comparable approach

  Method

  Valuation

  Relative Method

  $687,302

  Geo Method

  $2,697,549

• Alternative Use

  Use

  Valuation

  Residential

  $934,044

  Hospitality

  $855,579

  Educational

  $711,832

  Medical

  $736,313

  Retail

  $1,107,294

Location Insight

City

Baton Rouge

County

East Baton Rouge

State

Louisiana

Latitude

30.4371

Longitude

-91.0578

CBSA code

12940

CBSA name

BATON ROUGE, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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