5500 Florida BlvdBaton Rouge, LA 70806
- Mixed-use properties
- 24,913 SF
Property Details for 5500 Florida Blvd
- Property size (Sq ft)
- 24,913 SF
- Property type
- Mixed-use properties
- Property subtype
- Other investment properties
- APN
- 908894
- APU
- 908894
Description
This exceptional 11,000-square-foot executive office space is located at 5500 Florida Boulevard in Baton Rouge, Louisiana, ZIP code 70806. The property, classified as Class B, underwent extensive renovations in 2012, exceeding $750,000 in improvements. Currently, the entire space is vacant and available for lease as a single unit or potentially divisible for the right tenant. The building features a desirable floor plan with high-quality finishes. Its prime location offers easy access to downtown Baton Rouge and is adjacent to BRCC. A dedicated parking lot in the rear provides ample parking for occupants. The property also presents a unique opportunity: building naming rights are available, along with prominent signage on Florida Boulevard. The property's APN is 009-0889-4. The building's total square footage is 11,000 square feet, with the entire space currently vacant. The property type is listed as Retail and Office, with subtypes including Executive Office, Storefront, Strip Center, and Traditional. Multiple tenancies are possible.
Valuation
by PT Realty methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $4,225,712
- 6.5%
- $3,900,657
- 7%
- $3,622,038
-
Comparable approach
- Method
- Valuation
- Relative Method
- $2,945,598
- Geo Method
- $11,560,990
-
Alternative Use
- Use
- Valuation
- Residential
- $3,900,657
- Hospitality
- $3,572,980
- Educational
- $2,972,678
- Medical
- $3,074,913
- Retail
- $4,624,166
Location Insight
- City
- Baton Rouge
- County
- East Baton Rouge
- State
- Louisiana
- Latitude
- 30.4502
- Longitude
- -91.1333
- CBSA code
- 12940
- CBSA name
- BATON ROUGE, LA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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