Office Building For
11941 Justice Ave Baton Rouge, LA 70816
11941 Justice Ave, Baton Rouge, LA, 70816
Contact for pricing
For Sale
Contact for pricing
Office building for sale off S. Sherwood Forest Blvd.
Property Size3,080 SF
Price / SF$123.05
Days on Market157
Property Features for 11941 Justice Ave
General Information
- Standard status
- Active
- Size
- 3,080 SF
- Property subtype
- Office
Listing Agency
Saurage Rotenberg Commercial Real Estate
(225) 329-5498
Listed by
Luke Gomez · License #LA 995694316
Source
Crexi
Added: Feb 10 Checked: Jul 16 at 9:39 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 Saurage Rotenberg Commercial Real Estate
Investment Insights
Based on property information with market context.
This is an office building available for sale. The property has a size of 3080 square feet.
Key Highlights
- Office building for sale
- Located off S. Sherwood Forest Blvd.
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 | $40.3k | $13.08 |
| − Vacancy | −$1.0k | −$0.33 |
| EGI | $39.3k | $12.75 |
| − OpEx | −$9.8k | −$3.19 |
| NOI | $29.5k | $9.56 |
3,080 SF · lease $13.08/SF/yr · vacancy 2.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$420.8K
$368.2K – $491.0K
NOI $29,459 @ 7.0% cap · market cap 7.77%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$737.6K
$645.4K – $860.6K
NOI $51,634 @ 7.0% cap · market cap 13.62%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Life Renewal Counseling ...
Family Counselor
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FAQs
What type of property is this?
Office building - Office building for sale off S. Sherwood Forest Blvd.
Where is this office building located?
The property is located at 11941 Justice Ave Baton Rouge, LA.
What is the asking price?
The asking price for this property is $379,000.
What are key features of this property?
This property features: Office building for sale; Located off S. Sherwood Forest Blvd.
