Office Building with Historic
For Sale
$267,000
614 Europe St, Baton Rouge, LA 70802
Commercial Sale, Baton Rouge, LA
Property Size1,508 SF
Lot Size0.08 Acres
Price / SF$177.06
Days on Market166
Property Features for 614 Europe St
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
2
Subdivision
Beauregard Town
Standard status
Active
Size
1,508 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Description
Ward: 1-1, Subdivision: Beauregard Town, Lot: 1 Pt, Block: 46. E 1/2 Of Lot 1, Sq. 46, Beauregard Town, Meas. 48 Ft Front On S Side Of Europe St X 64. Ft.
Legal Description
Ward: 1-1, Subdivision: Beauregard Town, Lot: 1 Pt, Block: 46. E 1/2 Of Lot 1, Sq. 46, Beauregard Town, Meas. 48 Ft Front On S Side Of Europe St X 64. Ft.
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Building materials
Frame
Roof type
Composition
Listing Agency:
LPT Realty, LLC
(877) 366-2213
Listed By:
Sharon Dallalio
(225) 907-6405
Added: Mar 27
Changed: Sep 2
Last Checked: Sep 8 at 12:06PM
MLS# 2026010490
Copyright © 2026 Greater Baton Rouge 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.
This 1,508-square-foot frame cottage is currently used as a residence and offers a configuration that has previously served a law firm. The interior includes two bedrooms, one bathroom, hardwood flooring, and original fireplaces, with central heating and central air. B-1 zoning is in place, and the property includes private parking along with additional street parking.
Located at 614 Europe St in Baton Rouge’s Beauregard Town area, the property is near downtown Baton Rouge. Building systems include a composition roof that is 3 years old, a tankless water heater, and updated electrical and plumbing. Public water and public sewer serve the property, with natural gas available.
Located at 614 Europe St in Baton Rouge’s Beauregard Town area, the property is near downtown Baton Rouge. Building systems include a composition roof that is 3 years old, a tankless water heater, and updated electrical and plumbing. Public water and public sewer serve the property, with natural gas available.
Key Highlights
- 1,508 SF frame cottage on a 0.078‑acre lot
- B‑1 zoning with prior law firm use
- Two bedrooms and one bathroom with hardwood floors and original fireplaces
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$14,424
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.40%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$288,480
$288.5K
Cap Rate 7%
$206,057
$206.1K
Cap Rate 9%
$160,267
$160.3K
Market Conditions
NOI Build-Up for 1,508 SF
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.
Gross rent
$19.7K $13.08/SF
− Vacancy
−$493 −$0.33/SF
EGI
$19.2K $12.75/SF
− OpEx
−$4.8K −$3.19/SF
NOI
$14.4K $9.56/SF
Area
Baton Rouge, LA
Vacancy
2.50%
Lease Rate
$13.08 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$288,480
Cap Rate 7%
$206,057
Cap Rate 9%
$160,267
Alternative Uses
Best Use
Office B
$206.1K
$180.3K – $240.4K
NOI $14,424 @ 7.0% cap · market cap 5.40%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$361.2K
$316.0K – $421.4K
NOI $25,281 @ 7.0% cap · market cap 9.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,579
Businesses Nearby
Explore this area
Business Placement
Demographics for 70802, LA
26,519
Population
13,887
Households
1.9
Avg Household Size
29
Median Age
24%
College-Educated
82%
High-School Grad
7.1 sq mi
ZIP Area
3,735
Density / Sq Mi
$34,082
Median Household Income
$23,215
Median Earnings
$935
Median Rent
$105,100
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - B-1 zoning and private parking support office use in a cottage-style setting.
Where is this office building located?
The property is located at 614 Europe St Baton Rouge, LA.
What is the asking price?
The asking price for this property is $267,000.
What are key features of this property?
This property features: 1,508 SF frame cottage on a 0.078‑acre lot; B‑1 zoning with prior law firm use; Two bedrooms and one bathroom with hardwood floors and original fireplaces
