Second-Floor Office
For Sale
$150,000
10988 N Harrells Ferry Rd, Baton Rouge, LA 70816
The six-workspace plan includes private offices, a conference room, reception, and a shared work area.
Property Size1,430 SF
Price / SF$104.90
Days on Market127
Property Features for 10988 N Harrells Ferry Rd
General Information
Standard status
Active
Size
1,430 SF
Occupancy
100%
Site & Location
Neighborhood
Jones Creek
Highway Access
Yes
Road Access
Yes
Tenancy & Operations
Currently Operating
Yes
Tenant in Place
Yes
Additional Details
Floor
2
Property Use
Office
Taxes and HOA fees
Annual Taxes
$1,800
Amenities
lobby/reception area
private offices
conference room
private restroom
kitchenette
shared work area
custom millwork
brick pavers
French door entrances
transom windows
pond
outdoor seating areas
Building Details
Tenancy
Single
Listing Agency:
Grassroots Real Estate Group
Listed By:
David Madaffari · License #995717024
(225) 772-3283
Source:
Exprealty
Added: Jun 25
Changed: Oct 28
Last Checked: Oct 28 at 2:54PM
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 Grassroots Real Estate Group
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Investment Insights
Based on property information with market context.
This 1,430-square-foot, second-floor office condo is currently occupied by a law firm. Its double-unit layout provides four private offices, a conference room, reception space, a shared work area, a private restroom, and a kitchenette. Custom millwork, brick pavers, French door entries, and transom windows add detail to the interior.
The suite is located in Myrtle Lake Plaza, an office park with a pond, outdoor seating areas, and off-street parking for tenants and visitors. Old Hammond Highway and South Sherwood Forest Boulevard are approximately one minute away; Interstate 12 is approximately two to three minutes away.
The suite is located in Myrtle Lake Plaza, an office park with a pond, outdoor seating areas, and off-street parking for tenants and visitors. Old Hammond Highway and South Sherwood Forest Boulevard are approximately one minute away; Interstate 12 is approximately two to three minutes away.
Key Highlights
- 1,430‑square‑foot second‑floor office condo
- Six usable workspaces, including four private offices
- Conference room, reception area, shared work area, private restroom, and kitchenette
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,678
Cap Rate
9.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$273,560
$273.6K
Cap Rate 7%
$195,400
$195.4K
Cap Rate 9%
$151,978
$152.0K
Market Conditions
NOI Build-Up for 1,430 SF
Gross rent
$18.7K $13.08/SF
− Vacancy
−$468 −$0.33/SF
EGI
$18.2K $12.75/SF
− OpEx
−$4.6K −$3.19/SF
NOI
$13.7K $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%
$273,560
Cap Rate 7%
$195,400
Cap Rate 9%
$151,978
Alternative Uses
Best Use
Office B
$195.4K
$171.0K – $228.0K
NOI $13,678 @ 7.0% cap · market cap 9.12%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$342.5K
$299.7K – $399.6K
NOI $23,973 @ 7.0% cap · market cap 15.98%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
834
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - The six-workspace plan includes private offices, a conference room, reception, and a shared work area.
Where is this office unit located?
The property is located at 10988 N Harrells Ferry Rd Baton Rouge, LA.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: 1,430‑square‑foot second‑floor office condo; Six usable workspaces, including four private offices; Conference room, reception area, shared work area, private restroom, and kitchenette
