Stand-Alone Medical Office
For Sale
Contact for pricing
10319 Jefferson Highway, Baton Rouge, LA 70809
Efficient stand-alone medical office building totaling 5,767 SF.
Property Size5,677 SF
Price / SF$228.82
Days on Market100
Property Features for 10319 Jefferson Highway
General Information
Standard status
Active
Size
5,677 SF
Property subtype
Office
Zoning
C-1 – Light Commercial
Lease Type
NNN
Building Details
Year Built
2012
Buildings
1
Listing Agency:
Stirling Properties Baton Rouge
Listed By:
Hank Henry · License #SALE.995716302-ACT
Source:
Crexi
Added: May 5
Changed: Aug 7
Last Checked: Aug 12 at 11:27AM
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 Stirling Properties Baton Rouge
Investment Insights
Based on property information with market context.
This stand-alone medical office building offers 5,767 SF of efficient space, designed to support day-to-day medical office operations. The property is presented for sale under a for-sale transaction.
The building is located at 10319 Jefferson Highway in Baton Rouge, Louisiana.
The building is located at 10319 Jefferson Highway in Baton Rouge, Louisiana.
Key Highlights
- Efficient stand‑alone medical office building totaling 5,767 SF
- Built in 2012
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
$54,649
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
4.21%
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%
$1,092,980
$1.1M
Cap Rate 7%
$780,700
$780.7K
Cap Rate 9%
$607,211
$607.2K
Market Conditions
NOI Build-Up for 5,677 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
$95.4K $16.80/SF
− Vacancy
−$4.3K −$0.76/SF
EGI
$91.1K $16.04/SF
− OpEx
−$36.4K −$6.42/SF
NOI
$54.6K $9.63/SF
Area
Baton Rouge, LA
Vacancy
4.50%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
40.00%
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%
$1,092,980
Cap Rate 7%
$780,700
Cap Rate 9%
$607,211
Alternative Uses
Best Use
Healthcare Medical
$780.7K
$683.1K – $910.8K
NOI $54,649 @ 7.0% cap · market cap 4.21%
Second Best
Office B
$775.7K
$678.7K – $905.0K
NOI $54,299 @ 7.0% cap · market cap 4.18%
Theoretical Best
Specialty Retail
$1.36M
$1.19M – $1.59M
NOI $95,171 @ 7.0% cap · market cap 7.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,307
Businesses Nearby
Under-served
Demand for This Use
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?
Medical Office Space - Efficient stand-alone medical office building totaling 5,767 SF.
Where is this medical office space located?
The property is located at 10319 Jefferson Highway Baton Rouge, LA.
What is the asking price?
The asking price for this property is $1,299,000.
What are key features of this property?
This property features: Efficient stand‑alone medical office building totaling 5,767 SF; Built in 2012
