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Building Details

Year Built 1984

Listing Agency: Barker Property Management

Listed By: Rachael Gordon Show Phone

Source: Lacdb.resimplifi

Added: Apr 1 Changed: Oct 12 Last Checked: Oct 14 at 7:50PM

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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.

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 / Yr

$31,650

Cap Rate

4.53%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$633,000 $633.0K

Cap Rate 7%

$452,143 $452.1K

Cap Rate 9%

$351,667 $351.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,309 SF

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 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 (±1% cap)

NOI $31,650 @ 7.0% cap · market cap 4.53%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$792.5K

$693.4K – $924.6K (±1% cap)

NOI $55,473 @ 7.0% cap · market cap 7.94%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Griffon's Gentle Dental Dental Office Dr. Ashley L. ... Dental Office Coastal Louisiana Insurance Insurance Agency J.Kendrick Talbot, Inc. Real Estate Agency Dr. William L. ... Dental Office

Suggested Use

Top Pick Auto Repair Shop Building Supply Parking Lot & Garage Daycare Center (Bike/Boat/Book/etc) Store Food Market

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

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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 $699,000.

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