Renovated Dental
For Sale
Contact for pricing
3557 Monterrey Dr, Baton Rouge, LA 70814
C1-zoned medical office with six exam rooms, reception, administrative space, and two restrooms.
Property Size2,512 SF
Price / SF$0.72
Days on Market2084
Property Features for 3557 Monterrey Dr
General Information
Standard status
Active
Size
2,512 SF
Property subtype
Office
Zoning
C1
Lease Type
Modified Gross
Amenities
Water
Sewer
Building Details
Year Renovated
2016
Listing Agency:
GoldenX Realty
Listed By:
Kenneth Bosso · License #995701038
(225) 281-5259
Source:
Lacdb.resimplifi
Added: Feb 4, 2021
Changed: Oct 4
Last Checked: Oct 19 at 3:11AM
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 GoldenX Realty
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Investment Insights
Based on property information with market context.
This 2,512-square-foot medical office occupies an A. Hayes Town-designed building that was converted from a bank into a dental practice. Renovation work was completed in 2016, while existing plumbing and select fixtures remain. The interior includes six dental exam rooms, an office, reception area, two restrooms, and secured storage closets. A clay tile roof adds a distinctive architectural feature, and the former drive-through area can be returned to service.
The property is located at 3557 Monterrey Dr in Baton Rouge, Louisiana, and carries C1 Light Commercial zoning. It is also situated in Flood Zone X. The configuration and retained plumbing support continued dental or medical office use, subject to applicable approvals.
The property is located at 3557 Monterrey Dr in Baton Rouge, Louisiana, and carries C1 Light Commercial zoning. It is also situated in Flood Zone X. The configuration and retained plumbing support continued dental or medical office use, subject to applicable approvals.
Key Highlights
- 2,512 SF medical office building
- Six dental exam rooms plus office and reception area
- Renovated in 2016 with plumbing intact and select fixtures remaining
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,027
Suggested Prices Based on Cap Rates
Cap Rate 5%
$480,540
$480.5K
Cap Rate 7%
$343,243
$343.2K
Cap Rate 9%
$266,967
$267.0K
Market Conditions
NOI Build-Up for 2,512 SF
Gross rent
$32.9K $13.08/SF
− Vacancy
−$821 −$0.33/SF
EGI
$32.0K $12.75/SF
− OpEx
−$8.0K −$3.19/SF
NOI
$24.0K $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 Rate 5%
$480,540
Cap Rate 7%
$343,243
Cap Rate 9%
$266,967
Alternative Uses
Best Use
Healthcare Medical
$345.5K
$302.3K – $403.0K
NOI $24,182 @ 7.0% cap · market cap 1,343.44%
Second Best
Office B
$343.2K
$300.3K – $400.5K
NOI $24,027 @ 7.0% cap · market cap 1,334.83%
Theoretical Best
Specialty Retail
$601.6K
$526.4K – $701.9K
NOI $42,112 @ 7.0% cap · market cap 2,339.56%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
352
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 70814, LA
14,061
Population
5,126
Households
2.7
Avg Household Size
37
Median Age
19%
College-Educated
92%
High-School Grad
8.9 sq mi
ZIP Area
1,580
Density / Sq Mi
$53,280
Median Household Income
$36,031
Median Earnings
$1,064
Median Rent
$181,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- Park Forest Animal Hospital — 10201 Greenwell Springs Rd, Baton Rouge, LA 70814
- Dr. Daniel Mooney DVM — 10201 Greenwell Springs Rd, Baton Rouge, LA 70814
Frequently Asked Questions
What type of property is this?
Medical Office Space - C1-zoned medical office with six exam rooms, reception, administrative space, and two restrooms.
Where is this medical office space located?
The property is located at 3557 Monterrey Dr Baton Rouge, LA.
What are key features of this property?
This property features: 2,512 SF medical office building; Six dental exam rooms plus office and reception area; Renovated in 2016 with plumbing intact and select fixtures remaining
