5500 Florida BlvdBaton Rouge, LA 70806

  • Mixed-use properties
  • 24,913 SF
For Lease
$10/SF/YR View listing

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
5500 Florida Blvd, Baton Rouge, Louisiana

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

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
$10,553
$10,300
$74,930
$85,230
-
$103,000
$499,533
$602,533

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