Corner Office-Retail
For Sale
$399,000
2031 Government St, Baton Rouge, LA 70806
Visible corner office/retail building with updated flooring, updated roof, and 11 on-site parking spaces.
Property Size2,000 SF
Days on Market76
Property Features for 2031 Government St
General Information
Standard status
Active
Size
2,000 SF
Class
A
Total Parking Spaces
11
Property subtype
Office
Building Details
Building Size
2,000 SF
Listing Agency:
Elifin Realty Baton Rouge
Listed By:
Jacob Loveland
(225) 460-0877
Source:
Elifinrealty
Added: Jul 26
Changed: Sep 10
Last Checked: Oct 7 at 10:57AM
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 Elifin Realty Baton Rouge
Investment Insights
Based on property information with market context.
A. Hayes Town designed office/retail building on a visible corner lot. The property has an updated roof and updated vinyl flooring, along with modern architectural elements.
The building includes 11 on-site parking spaces, supporting day-to-day access for tenants and visitors.
Following closing, the seller requires a lease-back period of 30 to 60 days.
The building includes 11 on-site parking spaces, supporting day-to-day access for tenants and visitors.
Following closing, the seller requires a lease-back period of 30 to 60 days.
Key Highlights
- A. Hayes Town designed office/retail building on a visible corner lot
- Updated roof and updated vinyl flooring
- Modern architectural elements
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,130
Cap Rate
4.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$382,600
$382.6K
Cap Rate 7%
$273,286
$273.3K
Cap Rate 9%
$212,556
$212.6K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$26.2K $13.08/SF
− Vacancy
−$654 −$0.33/SF
EGI
$25.5K $12.75/SF
− OpEx
−$6.4K −$3.19/SF
NOI
$19.1K $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 Rate 5%
$382,600
Cap Rate 7%
$273,286
Cap Rate 9%
$212,556
Alternative Uses
Best Use
Office B
$273.3K
$239.1K – $318.8K
NOI $19,130 @ 7.0% cap · market cap 4.79%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$479.0K
$419.1K – $558.8K
NOI $33,529 @ 7.0% cap · market cap 8.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
864
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office building - Visible corner office/retail building with updated flooring, updated roof, and 11 on-site parking spaces.
Where is this office building located?
The property is located at 2031 Government St Baton Rouge, LA.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: A. Hayes Town designed office/retail building on a visible corner lot; Updated roof and updated vinyl flooring; Modern architectural elements
