20 Dec What Is a Good Percentage Return on Commercial Property in Baton Rouge?
The return on commercial investment property in Baton Rouge can vary, and your goals determine whether or not the percentage return is good or not. Many people who own investment properties are using their returns as retirement income, supplemental or otherwise. For these people, a more secure deal is desirable over a high risk deal where they may lose some money....
19 Dec What is considered commercial real estate?
While it is indeed a broad term, to put it simply, commercial real estate is every single property short of a single-family residential home. If it's not a single-family detached residential home, condo, or town-home — you can place a safe bet on the fact that it's commercial. In comparison to residential, commercial real-estate is also often considerably larger spaces than...
18 Dec How do I find the value of a commercial property?
Finding the value of a commercial property can be exceptionally trickier than that of a residential. The reason for this is because you're usually provided with a long list of comparable residential properties that have already sold. So, when you're in a subdivision, you may be in one house out of a hundred or even several hundred that can be...
17 Dec As a landlord, what concessions should I NEVER make when signing an office lease?
Never is a very strong word, a word that is personally out of my lexicon, and that holds true here. There’s not really any certain thing that you should NEVER do as a landlord. Since each landlord’s situation varies widely, from your situation with your building to your particular tenants, it really depends on your goals and what the business...
16 Dec How Do I Get into Commercial Real Estate?
Getting into commercial real estate requires a level of dedication and commitment all its own. Because of this, it’s important that you take some time to assess why you really want to be in commercial real estate and how badly you want to make it a reality. The first step to getting into commercial real estate is to make the decision...
16 Dec The Pulse: CJ Brown Sells Airline Office Building + East Baton Rouge Sewerage Commission Purchases Former All Star Nissan Location
A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 8031 Airline Hwy Price: $765,000 ($178 / SF) Buyer: Bancorpsouth Bank Elifin's Notes: Bancoprsouth Bank purchases former Capital One branch on the corner of Airline Hwy and Tom Dr. 1044 O'Neal Ln Price: $230,000 ($61 / SF) Buyer: Ode Investment Properties LLC Elifin's Notes: Zachary-based Pit Stop Auto Shop owner purchases O'Neal...
13 Dec Pit Stop Auto Shop Expanding to New Location in Baton Rouge
DOWNLOAD PDF December 13th, 2019 - Baton Rouge, LA – Elifin Realty has announced the sale of 1044 O’Neal Ln in Baton Rouge, LA. The property was purchased by Joel and Rebecca Richardson of ODE Investment Properties, LLC. They intend to use 1044 O’Neal Ln as a second location for Pit Stop Auto Shop, LLC. Pit Stop Auto Shop is an ASE-certified (Automotive...
13 Dec Is commercial real estate a good career?
Commercial real estate is an exciting and rewarding career, allowing infinite earning potential and flexibility for agents. As a commercial real estate agent, you will be your own boss, and have the ability and freedom to work your business around personal and family obligations. You can choose a specialty “niche” area, and work to become an expert in that field...
12 Dec Former Shrimp Basket Restaurant on Perkins Available for Restaurant Concept
DOWNLOAD PDF December 12th, 2019 - Baton Rouge, LA – Since Shrimp Basket’s closing of its two Baton Rouge locations, the restaurant at 7242 Perkins Road has sat vacant. Now marketed by Elifin Realty, the location is available for sublease and is in turn-key condition for a new restaurant concept. According to Will Chadwick, who is leasing the property, the previous operator...
12 Dec As a landlord, how do I calculate the lease rate for my office building?
This is a great question since commercial buildings and their uses vary so widely. There are also a lot of factors to consider when making this determination. The lease rate for an office building is going to largely depend on market conditions. Where are people moving to? What areas of town are the most desirable office submarkets? What’s going on...
