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    304 Laurel St, Unit | Baton Rouge Baton Rouge, LA 70801

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    For Lease
    $19 SF/Yr

    Restored historic building with leasing opportunities in downtown Baton Rouge.

    Property size:
    20 SF
    Lot size:
    20 SF

    Property Features for 304 Laurel St

    General Information

    Size
    20 SF

    Building Details

    Year built
    1906
    Source: Lee-associates

    Listing Agent: Bill Sanders, Sior, Ccim

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Historic Building in Downtown Baton Rouge

    Leasing opportunities are available in the Fuqua Building, a restored historic building located at the corner of Laurel and 3rd Street in downtown Baton Rouge. Originally restored in 2003, the property retains its architectural character with preserved original materials, offering a blend of historic charm and modern functionality. Approximately 3,500 square feet of office space is available across two second-floor suites. The rest of the building is fully leased or owner-occupied, with a diverse tenant mix including a bar/restaurant, local and national office users, and high-end residential units. The building features a rooftop penthouse and deck with river views, full residential amenities, high-end interior finishes, and a full sprinkler system. Ideally positioned within walking distance of downtown offices, government buildings, and key amenities, this property offers visibility and access in the heart of Baton Rouge. The property size is 20 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Carolynn Seibert Photography Wedding Photographer Fuqua Building LLC General Contractor Spradley & Spradley, Inc. Consultant Blend Wine Bar Cornerstone Government Affairs Consultant

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Baton Rouge
    County
    East Baton Rouge
    State
    Louisiana
    Longitude
    -91.1881049
    Latitude
    30.4502197

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    FAQs

    What type of property is this?
    Office space - Restored historic building with leasing opportunities in downtown Baton Rouge.
    Where is this office space located?
    The property is located at 304 Laurel St, Unit | Baton Rouge Baton Rouge, LA.
    What is the lease rate?
    The lease rate is $19 SF/Yr.
    What are key features of this property?
    This property features: - Prime downtown Baton Rouge location at the prominent corner of Laurel and 3rd Street.; - Unique historic building with preserved original architectural details and modern functionality.; - Rooftop penthouse and deck with RIVER VIEWS.
    (225) 247-6648
    Request Owner's contact information
    304 Laurel St, Unit | Baton Rouge Baton Rouge, LA 70801
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    304 Laurel St, Unit | Baton Rouge Baton Rouge, LA 70801
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