Free-Standing Office
5131 PAYNE Drive Baton Rouge, LA 70809
For Sale
$635,000
COMMERCIAL - Baton Rouge, LA
Property Size3,662 SF
Lot Size0.27 Acres
Price / SF$173.40
Days on Market35
Property Features for 5131 PAYNE Drive
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- C2
- Parking features
- Covered
- Standard status
- Active
- APN
- 2005948
- Size
- 3,662 SF
- Lot size
- 0.27 Acres
Taxes and HOA fees
- Tax Description
- Lot 16 of Essen Plaza Subdivision, East Baton Rouge Parish, State of Louisiana
Utilities
- Water source
- Public
Building Details
- Year built
- 1970
- Floors in Building
- 2
Listing Agency:
Berkshire Hathaway HomeServices Preferred, REALTOR
(985) 951-2324
Listed By:
Emily Elwell · License #995701011
(504) 799-1702
Added: Jun 20
Last Checked: Jul 24 at 8:06AM
MLS# 2563968
Copyright © 2026 New Orleans Metropolitan Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
5131 Payne Drive is a free-standing commercial office property designed for professional use. The first floor features a reception area, a conference room, multiple private executive offices, and an open bullpen workspace suitable for team operations. An additional second-floor area provides flexible open space that can be adapted to support changing needs.
The property is located in the Essen/Bluebonnet corridor of Baton Rouge and is positioned just minutes from I-10 and I-12 for straightforward regional access. It sits between Baton Rouge General and Our Lady of the Lake Regional Medical Center, which can be helpful for office users serving the healthcare community. The site is on a generous lot with ample parking, and the property is zoned C-2.
For buyers or operators seeking a turnkey-style office layout, the combination of private offices, a conference room, and open bullpen space supports a range of professional workflows. The second-floor open area adds flexibility for additional teams, administrative functions, or other configurable uses consistent with the C-2 zoning and intended office/professional use.
The property is located in the Essen/Bluebonnet corridor of Baton Rouge and is positioned just minutes from I-10 and I-12 for straightforward regional access. It sits between Baton Rouge General and Our Lady of the Lake Regional Medical Center, which can be helpful for office users serving the healthcare community. The site is on a generous lot with ample parking, and the property is zoned C-2.
For buyers or operators seeking a turnkey-style office layout, the combination of private offices, a conference room, and open bullpen space supports a range of professional workflows. The second-floor open area adds flexibility for additional teams, administrative functions, or other configurable uses consistent with the C-2 zoning and intended office/professional use.
Key Highlights
- Free‑standing commercial property with approximately 4,000+ SF of office/professional space
- First floor includes reception, conference room, private executive offices, and open bullpen workspace
- Second‑floor open space offers flexible room for business customization
Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $61.5k | $16.80 |
| − Vacancy | −$2.8k | −$0.76 |
| EGI | $58.8k | $16.04 |
| − OpEx | −$23.5k | −$6.42 |
| NOI | $35.3k | $9.63 |
3,662 SF · lease $16.80/SF/yr · vacancy 4.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$503.6K
$440.7K – $587.5K
NOI $35,252 @ 7.0% cap · market cap 5.55%
Second Best
Office B
$500.4K
$437.8K – $583.8K
NOI $35,026 @ 7.0% cap · market cap 5.52%
Theoretical Best
Specialty Retail
$877.0K
$767.4K – $1.02M
NOI $61,391 @ 7.0% cap · market cap 9.67%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
PayStar
(Bike/Boat/Book/etc) Store
FAQs
What type of property is this?
Office building - Free-standing office facility with reception, executive offices, bullpen space, second-floor open area, and ample parking on C-2 zoned site.
Where is this office building located?
The property is located at 5131 PAYNE Drive Baton Rouge, LA.
What is the asking price?
The asking price for this property is $635,000.
What are key features of this property?
This property features: Free‑standing commercial property with approximately 4,000+ SF of office/professional space; First floor includes reception, conference room, private executive offices, and open bullpen workspace; Second‑floor open space offers flexible room for business customization
