Renovated Office
For Sale
$750,000
1669 Lobdell Ave, Baton Rouge, LA 70806
Configured with private offices, open work areas, and a dedicated conference room for flexible professional use.
Property Size3,309 SF
Price / SF$226.65
Days on Market153
Property Features for 1669 Lobdell Ave
General Information
Standard status
Active
Size
3,309 SF
Property subtype
Office
Zoning
C1
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
HOA Fee
$837.08
Office Units
1
Building Details
Year Built
1984
Listing Agency:
Barker Property Management
(225) 397-5273
Listed By:
Rachael Gordon
(225) 397-5273
Source:
Lacdb.resimplifi
Added: Apr 1
Changed: Aug 29
Last Checked: Aug 30 at 1:30PM
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 Barker Property Management
Investment Insights
Based on property information with market context.
This 3,309-SF office condominium has been renovated with private offices, open work areas, and a dedicated conference room. The interior includes contemporary lighting, glass accents, high-end finishes, and abundant natural light, along with a kitchen and breakroom featuring modern cabinetry and updated fixtures. The floor plan supports both focused work and team collaboration within a polished professional setting.
The property is located at the Jefferson Highway and Lobdell Avenue split in Baton Rouge, near Bocage and across from Towne Center. The office is governed by a condominium association, and the property carries C1 zoning. Built in 1984, the suite offers an owner-occupant a finished office environment in an established commercial corridor.
The property is located at the Jefferson Highway and Lobdell Avenue split in Baton Rouge, near Bocage and across from Towne Center. The office is governed by a condominium association, and the property carries C1 zoning. Built in 1984, the suite offers an owner-occupant a finished office environment in an established commercial corridor.
Key Highlights
- 3,309‑SF renovated office condominium
- Multiple private offices and open work areas
- Dedicated conference room
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
$31,650
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
4.22%
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%
$633,000
$633.0K
Cap Rate 7%
$452,143
$452.1K
Cap Rate 9%
$351,667
$351.7K
Market Conditions
NOI Build-Up for 3,309 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
$43.3K $13.08/SF
− Vacancy
−$1.1K −$0.33/SF
EGI
$42.2K $12.75/SF
− OpEx
−$10.5K −$3.19/SF
NOI
$31.6K $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 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%
$633,000
Cap Rate 7%
$452,143
Cap Rate 9%
$351,667
Alternative Uses
Best Use
Office B
$452.1K
$395.6K – $527.5K
NOI $31,650 @ 7.0% cap · market cap 4.22%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$792.5K
$693.4K – $924.6K
NOI $55,473 @ 7.0% cap · market cap 7.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Office units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,007
Businesses Nearby
Explore this area
Business Placement
Demographics for 70806, LA
27,898
Population
14,972
Households
1.9
Avg Household Size
37
Median Age
40%
College-Educated
90%
High-School Grad
8.9 sq mi
ZIP Area
3,135
Density / Sq Mi
$53,430
Median Household Income
$41,894
Median Earnings
$1,014
Median Rent
$321,400
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 units - Configured with private offices, open work areas, and a dedicated conference room for flexible professional use.
Where is this office units located?
The property is located at 1669 Lobdell Ave Baton Rouge, LA.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 3,309‑SF renovated office condominium; Multiple private offices and open work areas; Dedicated conference room
