Multi-Tenant Office
For Sale
$600,000
13687 Perkins Rd, Baton Rouge, LA 70810
Two-suite office property with one occupied suite and access to major South Baton Rouge routes.
Property Size3,230 SF
Price / SF$185.76
Days on Market54
Property Features for 13687 Perkins Rd
General Information
Standard status
Active
Size
3,230 SF
Property subtype
Office
Zoning
C2
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Office Units
2
Building Details
Buildings
1
Tenancy
Multiple Tenants
Building Size
3,230 SF
Listing Agency:
NAI Rampart Commercial Real Estate Baton Rouge
(225) 284-9092
Listed By:
Dexter Shill
(225) 284-9092
Source:
Lacdb.resimplifi
Added: Jul 7
Changed: Aug 28
Last Checked: Aug 28 at 8:23PM
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 NAI Rampart Commercial Real Estate Baton Rouge
Investment Insights
Based on property information with market context.
This 3,230 SF office building is configured as two separate suites, with one currently leased. The layout is designated for office use and can accommodate professional, medical, or administrative operations. C2 zoning supports the property’s established office configuration.
The building fronts Perkins Road and provides access to I-10, Siegen Lane, and the Pecue Lane interchange. It is situated within South Baton Rouge’s established office corridor. The property may be acquired individually or together with 13953 Perkins Road as part of a two-property portfolio.
The building fronts Perkins Road and provides access to I-10, Siegen Lane, and the Pecue Lane interchange. It is situated within South Baton Rouge’s established office corridor. The property may be acquired individually or together with 13953 Perkins Road as part of a two-property portfolio.
Key Highlights
- 3,230 SF office building with two separate suites
- One suite currently leased
- C2 zoning and office‑use configuration
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
$30,894
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
5.15%
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%
$617,880
$617.9K
Cap Rate 7%
$441,343
$441.3K
Cap Rate 9%
$343,267
$343.3K
Market Conditions
NOI Build-Up for 3,230 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
$42.2K $13.08/SF
− Vacancy
−$1.1K −$0.33/SF
EGI
$41.2K $12.75/SF
− OpEx
−$10.3K −$3.19/SF
NOI
$30.9K $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%
$617,880
Cap Rate 7%
$441,343
Cap Rate 9%
$343,267
Alternative Uses
Best Use
Office B
$441.3K
$386.2K – $514.9K
NOI $30,894 @ 7.0% cap · market cap 5.15%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$773.6K
$676.9K – $902.5K
NOI $54,149 @ 7.0% cap · market cap 9.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Office units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
696
Businesses Nearby
Explore this area
Business Placement
Demographics for 70810, LA
42,472
Population
19,195
Households
2.2
Avg Household Size
38
Median Age
55%
College-Educated
95%
High-School Grad
26.2 sq mi
ZIP Area
1,621
Density / Sq Mi
$93,712
Median Household Income
$52,510
Median Earnings
$1,406
Median Rent
$353,100
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 - Two-suite office property with one occupied suite and access to major South Baton Rouge routes.
Where is this office building located?
The property is located at 13687 Perkins Rd Baton Rouge, LA.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: 3,230 SF office building with two separate suites; One suite currently leased; C2 zoning and office‑use configuration
