St. George Class A
For Sale
Contact for pricing
10604 Coursey Boulevard, Baton Rouge, LA 70816
Class A office investment opportunity in St. George, Louisiana.
Property Size5,700 SF
Price / SF$192.98
Days on Market160
Property Features for 10604 Coursey Boulevard
General Information
Standard status
Active
Size
5,700 SF
Class
A
Property subtype
Special Purpose
Zoning
C2
Occupancy
100%
Lease Type
Modified Gross
Investment Type
Stabilized
Net Operating Income
$82,553
Building Details
Year Built
2006
Buildings
1
Tenancy
Single
Listing Agency:
Stirling Properties Baton Rouge
(225) 572-5689
Listed By:
Travis Thornton · License #LA 0995697813
Source:
Crexi
Added: Mar 4
Changed: Aug 10
Last Checked: Aug 11 at 7:58PM
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.
Located along Coursey Boulevard in St. George, Louisiana, this stabilized Class A office investment opportunity features professional construction and strong accessibility. The property is a ±5,700 square foot office condominium. It offers proximity to medical, retail, and business services. The property is occupied by a corporate tenant that has been in place since 2016, with the current lease term expiring March 15, 2028. The straightforward ownership structure and limited management requirements make this asset attractive to passive investors. This offering is suited for a 1031 exchange buyer seeking predictable cash flow, strong location fundamentals, and long term capital preservation in a growing submarket.
Key Highlights
- Stabilized Class A office investment in a desirable location.
- Long‑term lease in place with a well‑established corporate tenant until March 15, 2028.
- Dependable in‑place income and near‑term certainty.
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
$54,519
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
4.96%
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%
$1,090,380
$1.1M
Cap Rate 7%
$778,843
$778.8K
Cap Rate 9%
$605,767
$605.8K
Market Conditions
NOI Build-Up for 5,700 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
$74.6K $13.08/SF
− Vacancy
−$1.9K −$0.33/SF
EGI
$72.7K $12.75/SF
− OpEx
−$18.2K −$3.19/SF
NOI
$54.5K $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%
$1,090,380
Cap Rate 7%
$778,843
Cap Rate 9%
$605,767
Alternative Uses
Best Use
Office B
$778.8K
$681.5K – $908.7K
NOI $54,519 @ 7.0% cap · market cap 4.96%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.37M
$1.19M – $1.59M
NOI $95,557 @ 7.0% cap · market cap 8.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,710
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
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 units - Class A office investment opportunity in St. George, Louisiana.
Where is this office units located?
The property is located at 10604 Coursey Boulevard Baton Rouge, LA.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Stabilized Class A office investment in a desirable location.; Long‑term lease in place with a well‑established corporate tenant until March 15, 2028.; Dependable in‑place income and near‑term certainty.
