Upgraded Two-Story Office
For Sale
$9,200,000
11100 Mead Rd, Baton Rouge, LA 70816
Fully occupied office property with recent interior improvements, C2 zoning, and direct proximity to I-12.
Property Size52,848 SF
Price / SF$174.08
Days on Market120
Property Features for 11100 Mead Rd
General Information
Standard status
Active
Size
52,848 SF
Total Parking Spaces
244
Property subtype
Investment
Zoning
C2
Occupancy
100%
Site & Location
Highway Access
Yes
Road Access
Yes
Amenities
244 Parking Spaces
Building Details
Buildings
1
Building Size
52,848 SF
Tenancy
Single
Owner Occupied
No
Abandoned
No
Listing Agency:
Maestri-Murrell Inc
(225) 335-0342
Listed By:
Denis Murrell · License #0995692537
(225) 335-0342
Source:
Lacdb.resimplifi
Added: May 5
Changed: Aug 30
Last Checked: Aug 31 at 12:58PM
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 Maestri-Murrell Inc
Investment Insights
Based on property information with market context.
This two-story office building contains 52,848 square feet and has undergone recent interior improvements, including new carpet, LED lighting, paint, and blinds throughout both floors. The property is configured for office use and is zoned C2, with 244 parking spaces providing a parking ratio of more than 4.6 spaces per unit of area.
The building is positioned on Mead Rd near I-12 in Baton Rouge. The Road Home Program, a Division of Administration for the State of Louisiana, occupies the entire building and has been based at the property since 2015, with continuous occupancy since 2023. The combination of full-building occupancy, upgraded interiors, substantial parking, and interstate access defines the asset’s current operating profile.
The building is positioned on Mead Rd near I-12 in Baton Rouge. The Road Home Program, a Division of Administration for the State of Louisiana, occupies the entire building and has been based at the property since 2015, with continuous occupancy since 2023. The combination of full-building occupancy, upgraded interiors, substantial parking, and interstate access defines the asset’s current operating profile.
Key Highlights
- 52,848 SF two‑story office building
- 244 parking spaces with a parking ratio of over 4.6
- Entire building occupied by the Road Home Program, a Division of Administration for the State of Louisiana
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
$505,478
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
5.49%
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%
$10,109,560
$10.1M
Cap Rate 7%
$7,221,114
$7.2M
Cap Rate 9%
$5,616,422
$5.6M
Market Conditions
NOI Build-Up for 52,848 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
$691.3K $13.08/SF
− Vacancy
−$17.3K −$0.33/SF
EGI
$674.0K $12.75/SF
− OpEx
−$168.5K −$3.19/SF
NOI
$505.5K $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%
$10,109,560
Cap Rate 7%
$7,221,114
Cap Rate 9%
$5,616,422
Alternative Uses
Best Use
Office B
$7.22M
$6.32M – $8.42M
NOI $505,478 @ 7.0% cap · market cap 5.49%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$12.66M
$11.07M – $14.77M
NOI $885,963 @ 7.0% cap · market cap 9.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,516
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Fully occupied office property with recent interior improvements, C2 zoning, and direct proximity to I-12.
Where is this office building located?
The property is located at 11100 Mead Rd Baton Rouge, LA.
What is the asking price?
The asking price for this property is $9,200,000.
What are key features of this property?
This property features: 52,848 SF two‑story office building; 244 parking spaces with a parking ratio of over 4.6; Entire building occupied by the Road Home Program, a Division of Administration for the State of Louisiana
