Leased Corporate Office
For Sale
Contact for pricing
14707 Perkins Rd, Baton Rouge, LA 70810
Fully leased 8,385 SF corporate office building with recent capital improvements and scheduled rental escalations.
Property Size8,385 SF
Price / SF$250.45
Days on Market273
Property Features for 14707 Perkins Rd
General Information
Standard status
Active
Size
8,385 SF
Class
A
Property subtype
Office
Zoning
GOL – General Office Low Rise
Occupancy
100%
Lease Type
Modified Gross
Building Details
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
JRE Brokerage
Listed By:
Alex Knight · License #LA SALE.0912122944-ACT
(225) 955-1393
Source:
Crexi
Added: Dec 9, 2025
Changed: Sep 7
Last Checked: Sep 8 at 3:55AM
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 JRE Brokerage
Investment Insights
Based on property information with market context.
14707 Perkins Road is an 8,385 SF corporate office building fully leased to Beacon Behavioral Hospital. The property features recent capital improvements and an in-place long-term lease with scheduled rental escalations. The tenant is responsible for the property taxes.
The asset is available for purchase as part of a portfolio or individually. In addition to this corporate office building, the portfolio includes a 31,866 SF inpatient hospital in Lutcher and a 10,000 SF outpatient clinic in Baton Rouge.
This offering provides an ownership interest in a stabilized corporate office with documented lease terms and tenant responsibility for property taxes.
The asset is available for purchase as part of a portfolio or individually. In addition to this corporate office building, the portfolio includes a 31,866 SF inpatient hospital in Lutcher and a 10,000 SF outpatient clinic in Baton Rouge.
This offering provides an ownership interest in a stabilized corporate office with documented lease terms and tenant responsibility for property taxes.
Key Highlights
- 8,385 SF corporate office building, fully leased to Beacon Behavioral Hospital
- Long‑term lease in place with scheduled rental escalations
- Tenant (Beacon Behavioral Hospital) is responsible for property taxes
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
$80,200
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
3.82%
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%
$1,604,000
$1.6M
Cap Rate 7%
$1,145,714
$1.1M
Cap Rate 9%
$891,111
$891.1K
Market Conditions
NOI Build-Up for 8,385 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
$109.7K $13.08/SF
− Vacancy
−$2.7K −$0.33/SF
EGI
$106.9K $12.75/SF
− OpEx
−$26.7K −$3.19/SF
NOI
$80.2K $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%
$1,604,000
Cap Rate 7%
$1,145,714
Cap Rate 9%
$891,111
Alternative Uses
Best Use
Office B
$1.15M
$1.00M – $1.34M
NOI $80,200 @ 7.0% cap · market cap 3.82%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.01M
$1.76M – $2.34M
NOI $140,569 @ 7.0% cap · market cap 6.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
154
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 - Fully leased 8,385 SF corporate office building with recent capital improvements and scheduled rental escalations.
Where is this office building located?
The property is located at 14707 Perkins Rd Baton Rouge, LA.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: 8,385 SF corporate office building, fully leased to Beacon Behavioral Hospital; Long‑term lease in place with scheduled rental escalations; Tenant (Beacon Behavioral Hospital) is responsible for property taxes
