Office Condominium
For Sale
$1,100,000
10604 Coursey Blvd, Baton Rouge, LA 70816
C2-zoned office condominium with established occupancy and professional construction.
Property Size5,700 SF
Price / SF$192.98
Days on Market228
Property Features for 10604 Coursey Blvd
General Information
Standard status
Active
Size
5,700 SF
Class
Class A
Property subtype
Office
Zoning
C2
Building Details
Year Built
2006
Tenancy
Single
Listing Agency:
Stirling Baton Rouge
Listed By:
Travis Thornton · License #0995697813
(225) 291-2121
Source:
Lacdb.resimplifi
Added: Mar 1
Changed: Oct 14
Last Checked: Oct 14 at 7:38PM
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 Baton Rouge
Investment Insights
Based on property information with market context.
This office condominium contains approximately 5,700 SF within a professional office setting constructed in 2006. The property is occupied by an established corporate tenant that has remained in place since 2016, providing an existing tenancy structure for the new owner.
The current lease runs through March 15, 2028. Located at 10604 Coursey Blvd, Baton Rouge, LA 70816, the property offers a straightforward office ownership profile with an existing tenant and defined lease term.
The current lease runs through March 15, 2028. Located at 10604 Coursey Blvd, Baton Rouge, LA 70816, the property offers a straightforward office ownership profile with an existing tenant and defined lease term.
Key Highlights
- 5,700 SF office condominium
- Constructed in 2006
- Corporate tenant in place since 2016
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,519
Cap Rate
4.96%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
Single-tenant
Tenancy
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 units - C2-zoned office condominium with established occupancy and professional construction.
Where is this office units located?
The property is located at 10604 Coursey Blvd 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: 5,700 SF office condominium; Constructed in 2006; Corporate tenant in place since 2016
