Single-Story Medical Office
For Sale
$450,000
11140 N Harrells Ferry Rd, Baton Rouge, LA 70816
Flexible commercial layout with open rooms, private offices, kitchen area, and on-site parking.
Property Size4,160 SF
Price / SF$108.17
Days on Market65
Property Features for 11140 N Harrells Ferry Rd
General Information
Standard status
Active
Size
4,160 SF
Total Parking Spaces
20
Property subtype
Retail
Zoning
C2
Additional Details
Road Access
Yes
Amenities
Vacant
20 Parking Spaces
Building Details
Year Built
1996
Buildings
1
Stories
1
Listing Agency:
Coldwell Banker ONE
(225) 925-2500
Listed By:
Matt Noel · License #0000019453
(225) 925-2500
Source:
Lacdb.resimplifi
Added: Jun 29
Changed: Aug 30
Last Checked: Aug 30 at 1:00PM
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 Coldwell Banker ONE
Investment Insights
Based on property information with market context.
This 4,160-square-foot medical office property is a single-story commercial building constructed in 1996 and zoned C2. The interior includes multiple large open rooms, private offices or treatment rooms, a break room with kitchen area, washer and dryer hookups, and three restrooms. Its prior medical and therapy configuration can support a range of office-based layouts, subject to applicable approvals.
The property is located at 11140 N Harrells Ferry Rd in Baton Rouge, with direct access to N Harrells Ferry Road. On-site parking is available, and the lot size accommodates the building and parking areas. The adjoining property at 11215 Boardwalk Dr. is also available, with the two properties offered as a package option.
The property is located at 11140 N Harrells Ferry Rd in Baton Rouge, with direct access to N Harrells Ferry Road. On-site parking is available, and the lot size accommodates the building and parking areas. The adjoining property at 11215 Boardwalk Dr. is also available, with the two properties offered as a package option.
Key Highlights
- 4,160 SF single‑story commercial building
- C2 zoning
- Constructed in 1996
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
$40,046
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
8.90%
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%
$800,920
$800.9K
Cap Rate 7%
$572,086
$572.1K
Cap Rate 9%
$444,956
$445.0K
Market Conditions
NOI Build-Up for 4,160 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
$69.9K $16.80/SF
− Vacancy
−$3.1K −$0.76/SF
EGI
$66.7K $16.04/SF
− OpEx
−$26.7K −$6.42/SF
NOI
$40.0K $9.63/SF
Area
Baton Rouge, LA
Vacancy
4.50%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
40.00%
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%
$800,920
Cap Rate 7%
$572,086
Cap Rate 9%
$444,956
Alternative Uses
Best Use
Retail
$929.9K
$813.6K – $1.08M
NOI $65,090 @ 7.0% cap · market cap 14.46%
Second Best
Healthcare Medical
$572.1K
$500.6K – $667.4K
NOI $40,046 @ 7.0% cap · market cap 8.90%
Theoretical Best
Specialty Retail
$996.3K
$871.8K – $1.16M
NOI $69,740 @ 7.0% cap · market cap 15.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,185
Businesses Nearby
Under-served
Demand for This Use
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.
Similar Off Market Nearby
- Old Hammond Veterinary Hospital — 11160 N Harrells Ferry Rd, Baton Rouge, LA 70816
Frequently Asked Questions
What type of property is this?
Medical Office Space - Flexible commercial layout with open rooms, private offices, kitchen area, and on-site parking.
Where is this medical office space located?
The property is located at 11140 N Harrells Ferry Rd Baton Rouge, LA.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 4,160 SF single‑story commercial building; C2 zoning; Constructed in 1996
