2900 Westfork DrBaton Rouge, LA 70827

  • Mixed-use properties
  • 105,720 SF
For Lease
$52/SF/YR View listing

Property Details for 2900 Westfork Dr

Year built
1984
Lot size
6.08 AC
Property size (Sq ft)
105,720 SF
Property type
Mixed-use properties
Property subtype
Other investment properties
APN
428590
APU
428590

Description

The Westfork Building offers exceptional Class B office space situated conveniently off Sherwood Forest Boulevard. This multi-tenant property boasts a total of 105,720 square feet, with multiple office suites available ranging from 1,753 to 9,580 contiguous square feet. Currently, 27,198 square feet are vacant, providing ample opportunity for businesses seeking flexible and adaptable workspaces. The minimum divisible space is 7,434 square feet, catering to a variety of tenant needs. The building features 587 parking spaces for convenient employee and client access. For added peace of mind, a backup generator ensures uninterrupted operations during power outages. Adding to the building's convenience, a restaurant is located on the first floor. This property presents a unique opportunity for owner-occupants considering a purchase. The building's APN is 428590. Inquire for detailed floor plans and leasing options.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $18,403,182
    6.5%
    $16,987,552
    7%
    $15,774,156
  • Comparable approach

    Method
    Valuation
    Relative Method
    $12,499,844
    Geo Method
    $49,059,840
  • Alternative Use

    Use
    Valuation
    Residential
    $16,987,552
    Hospitality
    $15,560,507
    Educational
    $12,946,159
    Medical
    $13,391,397
    Retail
    $20,138,470
2900 Westfork Dr, Baton Rouge, Louisiana

Location Insight

City
Baton Rouge
County
East Baton Rouge
State
Louisiana
Latitude
30.425
Longitude
-91.0563
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
$67,935
$90,930
$493,480
$584,410
-
$909,300
$3,289,867
$4,199,167

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