Class A Office
For Sale
Contact for pricing
16153 Perkins Rd, Baton Rouge, LA 70810
Newly constructed Class A development offering available office suites within Perkins 8.
Property Size10,000 SF
Days on Market109
Property Features for 16153 Perkins Rd
General Information
Standard status
Active
Size
10,000 SF
Class
A
Property subtype
Office
Lease Term
NNN
Building Details
Building Size
10,000 SF
Year Built
2024
Listing Agency:
JRE Brokerage
Listed By:
Hank Henry
(225) 753-3573
Source:
Gojre
Added: Jul 4
Changed: Oct 16
Last Checked: Oct 19 at 5:13AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Available suites are located within Perkins 8, a newly constructed Class A development. The offering consists of office suites within the building.
The property is for sale. No additional details on suite sizes, finishes, or specific configuration were provided in the available information.
The property is for sale. No additional details on suite sizes, finishes, or specific configuration were provided in the available information.
Key Highlights
- Year built: 2024
- Available office suites within Perkins 8
- Perkins 8 is a newly constructed Class A development
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$95,648
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,912,960
$1.9M
Cap Rate 7%
$1,366,400
$1.4M
Cap Rate 9%
$1,062,756
$1.1M
Market Conditions
NOI Build-Up for 10,000 SF
Gross rent
$130.8K $13.08/SF
− Vacancy
−$3.3K −$0.33/SF
EGI
$127.5K $12.75/SF
− OpEx
−$31.9K −$3.19/SF
NOI
$95.6K $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%
$1,912,960
Cap Rate 7%
$1,366,400
Cap Rate 9%
$1,062,756
Alternative Uses
Best Use
Office B
$1.37M
$1.20M – $1.59M
NOI $95,648 @ 7.0% cap · market cap 371,448.54%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.39M
$2.10M – $2.79M
NOI $167,644 @ 7.0% cap · market cap 651,044.66%
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
151
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Newly constructed Class A development offering available office suites within Perkins 8.
Where is this office unit located?
The property is located at 16153 Perkins Rd Baton Rouge, LA.
What are key features of this property?
This property features: Year built: 2024; Available office suites within Perkins 8; Perkins 8 is a newly constructed Class A development
