New Construction Garden Office
For Sale
$2,143,100
10239 Jefferson Hwy, Baton Rouge, LA 70809
Flexible office configuration supports suites ranging from smaller individual spaces to the full building footprint.
Property Size6,822 SF
Price / SF$290
Days on Market793
Property Features for 10239 Jefferson Hwy
General Information
Standard status
Active
Size
6,822 SF
Property subtype
Office
Zoning
GOL
Site & Location
Highway Access
Yes
Road Access
Yes
Amenities
Power
Building Details
Year Built
2017
Buildings
1
Building Size
6,822 SF
Construction
garden office
Listing Agency:
Stirling Covington/Corporate
Listed By:
W. Murphy
(985) 898-2022
Source:
Lacdb.resimplifi
Added: Aug 16, 2024
Changed: Oct 6
Last Checked: Oct 16 at 5:52AM
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 Stirling Covington/Corporate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The Metro, Building 3 is a 6,822-square-foot garden office property completed in 2023. The building can accommodate office requirements from 1,408 square feet through the entire 6,822-square-foot structure, providing a range of suite configurations within a newly constructed setting. The property is zoned GOL.
Located at 10239 Jefferson Hwy. in Baton Rouge, the building sits between Bluebonnet Boulevard and Airline Highway. Access is available to I-10, I-12, Airline Highway, Bluebonnet Boulevard, and Siegen Lane, connecting the property with several established transportation corridors.
Located at 10239 Jefferson Hwy. in Baton Rouge, the building sits between Bluebonnet Boulevard and Airline Highway. Access is available to I-10, I-12, Airline Highway, Bluebonnet Boulevard, and Siegen Lane, connecting the property with several established transportation corridors.
Key Highlights
- 6,822 SF garden office building completed in 2023
- Suite configurations range from 1,408 SF to 6,822 SF
- Zoned GOL
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$70,684
Cap Rate
3.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,413,680
$1.4M
Cap Rate 7%
$1,009,771
$1.0M
Cap Rate 9%
$785,378
$785.4K
Market Conditions
NOI Build-Up for 7,390 SF
Gross rent
$96.7K $13.08/SF
− Vacancy
−$2.4K −$0.33/SF
EGI
$94.2K $12.75/SF
− OpEx
−$23.6K −$3.19/SF
NOI
$70.7K $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%
$1,413,680
Cap Rate 7%
$1,009,771
Cap Rate 9%
$785,378
Alternative Uses
Best Use
Office B
$1.01M
$883.6K – $1.18M
NOI $70,684 @ 7.0% cap · market cap 3.30%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.77M
$1.55M – $2.06M
NOI $123,889 @ 7.0% cap · market cap 5.78%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,050
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
Frequently Asked Questions
What type of property is this?
Office building - Flexible office configuration supports suites ranging from smaller individual spaces to the full building footprint.
Where is this office building located?
The property is located at 10239 Jefferson Hwy Baton Rouge, LA.
What is the asking price?
The asking price for this property is $2,143,100.
What are key features of this property?
This property features: 6,822 SF garden office building completed in 2023; Suite configurations range from 1,408 SF to 6,822 SF; Zoned GOL
