Freestanding Storefront
For Sale
Contact for pricing
1600 Government St, Baton Rouge, LA 70802
Commercial space includes a metal roof replaced in 2006 and sealed, painted flooring.
Property Size1,680 SF
Price / SF$129.17
Days on Market262
Property Features for 1600 Government St
General Information
Standard status
Active
Size
1,680 SF
Property subtype
OFFICE
Listing Agency:
Saurage Rotenberg Commercial Real Estate, LLC
(225) 907-5214
Listed By:
Matthew Shirley · License #SALE.0995682439-ACT
(225) 907-5214
Source:
Moodyscre
Added: Dec 12, 2025
Changed: Aug 29
Last Checked: Aug 29 at 9:44PM
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 Saurage Rotenberg Commercial Real Estate, LLC
Investment Insights
Based on property information with market context.
This freestanding storefront property offers 1,680 square feet configured for retail and office use. The building has a metal roof that was replaced in 2006. Interior flooring has been diamond sanded, sealed, and painted, creating a finished surface throughout the space. A floor plan is available for review.
The property is located at 1600 Government St in Baton Rouge, Louisiana, directly opposite the Electric Depot. Its storefront-oriented configuration and combination of retail and office functionality support a range of commercial occupancy needs within the existing building.
The property is located at 1600 Government St in Baton Rouge, Louisiana, directly opposite the Electric Depot. Its storefront-oriented configuration and combination of retail and office functionality support a range of commercial occupancy needs within the existing building.
Key Highlights
- 1,680‑square‑foot freestanding storefront property
- Retail and office configuration
- Metal roof replaced in 2006
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
$16,069
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
7.41%
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%
$321,380
$321.4K
Cap Rate 7%
$229,557
$229.6K
Cap Rate 9%
$178,544
$178.5K
Market Conditions
NOI Build-Up for 1,680 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
$22.0K $13.08/SF
− Vacancy
−$549 −$0.33/SF
EGI
$21.4K $12.75/SF
− OpEx
−$5.4K −$3.19/SF
NOI
$16.1K $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%
$321,380
Cap Rate 7%
$229,557
Cap Rate 9%
$178,544
Alternative Uses
Best Use
Retail
$375.5K
$328.6K – $438.1K
NOI $26,287 @ 7.0% cap · market cap 12.11%
Second Best
Office B
$229.6K
$200.9K – $267.8K
NOI $16,069 @ 7.0% cap · market cap 7.41%
Theoretical Best
Specialty Retail
$402.3K
$352.1K – $469.4K
NOI $28,164 @ 7.0% cap · market cap 12.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,071
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 70802, LA
26,519
Population
13,887
Households
1.9
Avg Household Size
29
Median Age
24%
College-Educated
82%
High-School Grad
7.1 sq mi
ZIP Area
3,735
Density / Sq Mi
$34,082
Median Household Income
$23,215
Median Earnings
$935
Median Rent
$105,100
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Similar Off Market Nearby
- The Original Heromans — 2291 Government St, Baton Rouge, LA 70806
Frequently Asked Questions
What type of property is this?
Storefront property - Commercial space includes a metal roof replaced in 2006 and sealed, painted flooring.
Where is this storefront property located?
The property is located at 1600 Government St Baton Rouge, LA.
What is the asking price?
The asking price for this property is $217,000.
What are key features of this property?
This property features: 1,680‑square‑foot freestanding storefront property; Retail and office configuration; Metal roof replaced in 2006
