St. George Class A
10604 Coursey Boulevard Baton Rouge, LA 70816
10604 Coursey Boulevard, Baton Rouge, LA, 70816
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For Sale
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Class A office investment opportunity in St. George, Louisiana.
Property Size5,700 SF
Price / SF$192.98
Days on Market135
Property Features for 10604 Coursey Boulevard
General Information
- Standard status
- Active
- Size
- 5,700 SF
- Property subtype
- Special Purpose
Building Details
- Year Built
- 2006
Listing Agency
Century 21 Investment Realty
Listed by
Travis Thornton · License #LA 0995697813
Source
Crexi
Added: Mar 4 Checked: Jul 17 at 3:58 am
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 Century 21 Investment Realty
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.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $74.6k | $13.08 |
| − Vacancy | −$1.9k | −$0.33 |
| EGI | $72.7k | $12.75 |
| − OpEx | −$18.2k | −$3.19 |
| NOI | $54.5k | $9.56 |
5,700 SF · lease $13.08/SF/yr · vacancy 2.50% · expense 25.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
RentHouse
Real Estate Agency
Colorado Professional Resources
Employment Agency
Apex Constructors
Construction Company
Similar For Sale Nearby
FAQs
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.
