Three-Unit Office
New
For Sale
Contact for pricing
172 Lee Drive, Baton Rouge, LA 70808
Three separate suites provide private offices and half baths, with built-in shelving and a coffee station in one unit.
Property Size600 SF
Price / SF$1.50
Days on Market4
Property Features for 172 Lee Drive
General Information
Standard status
Active
Size
600 SF
Property subtype
Business Opportunity
Listing Agency:
Perspective Realty
Listed By:
Matthew Heroman · License #B24063
Source:
Soldbyqueen
Added: Oct 16
Last Checked: Oct 19 at 4:02AM
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 Perspective Realty
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Investment Insights
Based on property information with market context.
The property comprises three office suites, each approximately 600 square feet. Two suites have three private offices and a half bath; the remaining suite includes two offices, a half bath, custom built-in shelving and a coffee station area.
The suites are near LSU and nearby conveniences.
The suites are near LSU and nearby conveniences.
Key Highlights
- Three office suites, each approximately 600 square feet
- Two suites feature three private offices and a half bath each
- Third suite has two offices, a half bath, custom built‑in shelving and a coffee station area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$5,739
Suggested Prices Based on Cap Rates
Cap Rate 5%
$114,780
$114.8K
Cap Rate 7%
$81,986
$82.0K
Cap Rate 9%
$63,767
$63.8K
Market Conditions
NOI Build-Up for 600 SF
Gross rent
$7.8K $13.08/SF
− Vacancy
−$196 −$0.33/SF
EGI
$7.7K $12.75/SF
− OpEx
−$1.9K −$3.19/SF
NOI
$5.7K $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%
$114,780
Cap Rate 7%
$81,986
Cap Rate 9%
$63,767
Alternative Uses
Best Use
Office B
$82.0K
$71.7K – $95.7K
NOI $5,739 @ 7.0% cap · market cap 637.67%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$143.7K
$125.7K – $167.7K
NOI $10,059 @ 7.0% cap · market cap 1,117.67%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
399
Businesses Nearby
Explore this area
Business Placement
Demographics for 70808, LA
32,510
Population
18,833
Households
1.7
Avg Household Size
35
Median Age
65%
College-Educated
97%
High-School Grad
12.0 sq mi
ZIP Area
2,709
Density / Sq Mi
$69,078
Median Household Income
$41,162
Median Earnings
$1,283
Median Rent
$392,600
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 - Three separate suites provide private offices and half baths, with built-in shelving and a coffee station in one unit.
Where is this office unit located?
The property is located at 172 Lee Drive Baton Rouge, LA.
What are key features of this property?
This property features: Three office suites, each approximately 600 square feet; Two suites feature three private offices and a half bath each; Third suite has two offices, a half bath, custom built‑in shelving and a coffee station area
