Garden-Style Office
For Sale
$385,000
9405 Interline Ave, Baton Rouge, LA 70809
Well-maintained two-restroom office building with a full kitchen and furnished spaces for immediate occupancy.
Property Size2,382 SF
Days on Market117
Property Features for 9405 Interline Ave
General Information
Standard status
Active
Size
2,382 SF
Class
B
Property subtype
Office
Building Details
Building Size
2,382 SF
Year Built
1979
Listing Agency:
Beau Box Commercial Real Estate
(225) 953-9455
Listed By:
Will Adams, CCIM · License #LA #73158
(225) 953-9455
Source:
Beaubox
Added: May 8
Changed: Aug 31
Last Checked: Aug 31 at 12:59PM
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 Beau Box Commercial Real Estate
Investment Insights
Based on property information with market context.
Well-maintained two-story garden-style office building available for sale or lease, offering a functional, move-in-ready interior layout. The space includes a reception area with reception/admin office, three private offices, and two larger multi-occupant offices that can serve as conference or team spaces. A full kitchen and two restrooms support day-to-day operations.
The property is situated at the corner of Interline Avenue and Teddy Drive, with convenient access to I-12 and Airline Highway for connectivity throughout the greater Baton Rouge area. Additional features include a backup generator servicing the building and signage opportunities, including both building and monument signage.
The property is situated at the corner of Interline Avenue and Teddy Drive, with convenient access to I-12 and Airline Highway for connectivity throughout the greater Baton Rouge area. Additional features include a backup generator servicing the building and signage opportunities, including both building and monument signage.
Key Highlights
- Well‑maintained ±2,382 SF garden‑style office building for sale or lease at Interline Avenue and Teddy Drive
- Layout includes reception area, reception/admin office, three private offices, and two larger multi‑occupant offices
- Full kitchen plus two restrooms for day‑to‑day office use
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
$22,783
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
5.92%
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%
$455,660
$455.7K
Cap Rate 7%
$325,471
$325.5K
Cap Rate 9%
$253,144
$253.1K
Market Conditions
NOI Build-Up for 2,382 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
$31.2K $13.08/SF
− Vacancy
−$779 −$0.33/SF
EGI
$30.4K $12.75/SF
− OpEx
−$7.6K −$3.19/SF
NOI
$22.8K $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%
$455,660
Cap Rate 7%
$325,471
Cap Rate 9%
$253,144
Alternative Uses
Best Use
Office B
$325.5K
$284.8K – $379.7K
NOI $22,783 @ 7.0% cap · market cap 5.92%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$570.5K
$499.2K – $665.6K
NOI $39,933 @ 7.0% cap · market cap 10.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,181
Businesses Nearby
Explore this area
Business Placement
Demographics for 70809, LA
25,302
Population
13,872
Households
1.8
Avg Household Size
40
Median Age
55%
College-Educated
97%
High-School Grad
14.4 sq mi
ZIP Area
1,757
Density / Sq Mi
$81,310
Median Household Income
$55,827
Median Earnings
$1,336
Median Rent
$305,900
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Well-maintained two-restroom office building with a full kitchen and furnished spaces for immediate occupancy.
Where is this office building located?
The property is located at 9405 Interline Ave Baton Rouge, LA.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: Well‑maintained ±2,382 SF garden‑style office building for sale or lease at Interline Avenue and Teddy Drive; Layout includes reception area, reception/admin office, three private offices, and two larger multi‑occupant offices; Full kitchen plus two restrooms for day‑to‑day office use
