Four-Suite Office
For Sale
$1,750,000
10201 Celtic Dr, Baton Rouge, LA 70809
Fenced office property with an electric gate, shared restrooms, and backup generator service.
Property Size16,200 SF
Price / SF$108.02
Days on Market391
Property Features for 10201 Celtic Dr
General Information
Standard status
Active
Size
16,200 SF
Total Parking Spaces
60
Property subtype
Office
Additional Details
Highway Access
Yes
Office Units
4
Amenities
fully fenced
electric gate
100kw generator
Vacant
60 Parking Spaces
Building Details
Building Size
16,200 SF
Listing Agency:
Kurz & Hebert
Listed By:
Judah Vedros · License #995701739
(225) 925-0600
Source:
Lacdb.resimplifi
Added: Aug 8, 2025
Changed: Aug 31
Last Checked: Sep 1 at 3:04PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Kurz & Hebert
Investment Insights
Based on property information with market context.
The Cypress building provides 16,200 square feet of office space arranged into four separate suites with shared restrooms. The property is enclosed by fencing, secured by an electric gate, and equipped with a 100kw generator.
Located near the I-12 and Airline Hwy interchange in Baton Rouge, the building sits across from Costco and offers a multi-suite configuration for office users seeking defined work areas within one property.
Located near the I-12 and Airline Hwy interchange in Baton Rouge, the building sits across from Costco and offers a multi-suite configuration for office users seeking defined work areas within one property.
Key Highlights
- 16,200 SF office building configured as 4 separate suites
- 100kw generator included with the property
- Fully fenced site with an electric gate
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
$154,949
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
8.85%
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%
$3,098,980
$3.1M
Cap Rate 7%
$2,213,557
$2.2M
Cap Rate 9%
$1,721,656
$1.7M
Market Conditions
NOI Build-Up for 16,200 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
$211.9K $13.08/SF
− Vacancy
−$5.3K −$0.33/SF
EGI
$206.6K $12.75/SF
− OpEx
−$51.6K −$3.19/SF
NOI
$154.9K $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%
$3,098,980
Cap Rate 7%
$2,213,557
Cap Rate 9%
$1,721,656
Alternative Uses
Best Use
Office B
$2.21M
$1.94M – $2.58M
NOI $154,949 @ 7.0% cap · market cap 8.85%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.88M
$3.39M – $4.53M
NOI $271,583 @ 7.0% cap · market cap 15.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Office units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,076
Businesses Nearby
Explore this area
Business Placement
Demographics for 70809, LA
25,302
Population
13,872
Households
1.8
Avg Household Size
40
Median Age
55%
College-Educated
97%
High-School Grad
14.4 sq mi
ZIP Area
1,757
Density / Sq Mi
$81,310
Median Household Income
$55,827
Median Earnings
$1,336
Median Rent
$305,900
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 - Fenced office property with an electric gate, shared restrooms, and backup generator service.
Where is this office building located?
The property is located at 10201 Celtic Dr Baton Rouge, LA.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: 16,200 SF office building configured as 4 separate suites; 100kw generator included with the property; Fully fenced site with an electric gate
