Executive Office
For Sale
$725,000
Pending
10602 Coursey Blvd, Baton Rouge, LA 70816
Turnkey executive offices with reception, private suites, and collaborative space plus convenient off Coursey access and parking.
Property Size3,650 SF
Days on Market108
Property Features for 10602 Coursey Blvd
General Information
Standard status
Pending
Size
3,650 SF
Property subtype
Office
Zoning
C2
Building Details
Year Built
2006
Listing Agency:
Hammett Group Real Estate, LLC
Listed By:
Chris Graham
(225) 413-4737
Source:
Lacdb.resimplifi
Added: Jun 8
Changed: Sep 9
Last Checked: Sep 22 at 1:10PM
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 Hammett Group Real Estate, LLC
Investment Insights
Based on property information with market context.
This executive office building offers 3,650 square feet of functional workspace designed for a professional client experience. The interior includes a welcoming reception area, private executive offices, and open collaborative space, supporting both focused work and team collaboration. Natural light is present throughout, and the property is described as having professional finishes.
The building is situated in one of Baton Rouge’s most accessible business corridors, with easy ingress and egress off Coursey Blvd. Exterior amenities include generous parking, which can support both employee convenience and client arrivals.
For buyers and operators, the mix of reception, private offices, and shared areas may work well for firms that want to balance client-facing space with day-to-day flexibility. The property is positioned to accommodate a variety of office and medical office concepts, based on the configuration described in the offering. If signage and a client-friendly presence are priorities, this building is presented as ready for branding and occupancy. For sale inquiries are directed to Chris Graham.
The building is situated in one of Baton Rouge’s most accessible business corridors, with easy ingress and egress off Coursey Blvd. Exterior amenities include generous parking, which can support both employee convenience and client arrivals.
For buyers and operators, the mix of reception, private offices, and shared areas may work well for firms that want to balance client-facing space with day-to-day flexibility. The property is positioned to accommodate a variety of office and medical office concepts, based on the configuration described in the offering. If signage and a client-friendly presence are priorities, this building is presented as ready for branding and occupancy. For sale inquiries are directed to Chris Graham.
Key Highlights
- 3,650 SF executive building built in 2006
- Welcoming reception area plus private executive offices
- Open collaborative spaces for flexible work layouts
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
$34,911
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
4.82%
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%
$698,220
$698.2K
Cap Rate 7%
$498,729
$498.7K
Cap Rate 9%
$387,900
$387.9K
Market Conditions
NOI Build-Up for 3,650 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
$47.7K $13.08/SF
− Vacancy
−$1.2K −$0.33/SF
EGI
$46.5K $12.75/SF
− OpEx
−$11.6K −$3.19/SF
NOI
$34.9K $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%
$698,220
Cap Rate 7%
$498,729
Cap Rate 9%
$387,900
Alternative Uses
Best Use
Office B
$498.7K
$436.4K – $581.9K
NOI $34,911 @ 7.0% cap · market cap 4.82%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$874.1K
$764.9K – $1.02M
NOI $61,190 @ 7.0% cap · market cap 8.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,105
Businesses Nearby
Explore this area
Business Placement
Demographics for 70816, LA
45,232
Population
21,024
Households
2.2
Avg Household Size
34
Median Age
36%
College-Educated
94%
High-School Grad
16.3 sq mi
ZIP Area
2,775
Density / Sq Mi
$65,894
Median Household Income
$39,344
Median Earnings
$1,155
Median Rent
$232,300
Median Home Value
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office building - Turnkey executive offices with reception, private suites, and collaborative space plus convenient off Coursey access and parking.
Where is this office building located?
The property is located at 10602 Coursey Blvd Baton Rouge, LA.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: 3,650 SF executive building built in 2006; Welcoming reception area plus private executive offices; Open collaborative spaces for flexible work layouts
