Office Headquarters
For Sale
$1,273,030
2288 N Airway Dr, Baton Rouge, LA 70815
Newer office improvements feature private workspaces and dedicated areas for meetings, breaks, and interviews.
Property Size11,573 SF
Price / SF$110
Days on Market165
Property Features for 2288 N Airway Dr
General Information
Standard status
Active
Size
11,573 SF
Total Parking Spaces
51
Property subtype
Office
Zoning
M1
Building Details
Buildings
1
Building Size
11,573 SF
Listing Agency:
Site and Strategy Commercial Real Estate, LLC
Listed By:
Andy McCall
(225) 933-2004
Source:
Lacdb.resimplifi
Added: Mar 23
Changed: Aug 31
Last Checked: Sep 2 at 1:35PM
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 Site and Strategy Commercial Real Estate, LLC
Investment Insights
Based on property information with market context.
This 11,573-square-foot office building is configured for corporate or industrial headquarters use. The interior includes mostly private offices along with a conference room, a large break room, and a dedicated interview and intake room. The building is described as newer and well maintained, providing an established office environment for an owner-user or operating company.
The property is located at 2288 N Airway Dr in Baton Rouge, Louisiana. On-site parking is provided through 51 parking stalls. The office layout combines individual work areas with shared support spaces, creating a practical configuration for administrative, management, and interview functions.
The property is located at 2288 N Airway Dr in Baton Rouge, Louisiana. On-site parking is provided through 51 parking stalls. The office layout combines individual work areas with shared support spaces, creating a practical configuration for administrative, management, and interview functions.
Key Highlights
- 11,573 SF office building at 2288 N Airway Dr, Baton Rouge, LA 70815
- Mostly private‑office floor plan
- Conference room, large break room, and interview/intake 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
$110,693
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
8.70%
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%
$2,213,860
$2.2M
Cap Rate 7%
$1,581,329
$1.6M
Cap Rate 9%
$1,229,922
$1.2M
Market Conditions
NOI Build-Up for 11,573 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
$151.4K $13.08/SF
− Vacancy
−$3.8K −$0.33/SF
EGI
$147.6K $12.75/SF
− OpEx
−$36.9K −$3.19/SF
NOI
$110.7K $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 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%
$2,213,860
Cap Rate 7%
$1,581,329
Cap Rate 9%
$1,229,922
Alternative Uses
Best Use
Office B
$1.58M
$1.38M – $1.84M
NOI $110,693 @ 7.0% cap · market cap 8.70%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.77M
$2.43M – $3.23M
NOI $194,014 @ 7.0% cap · market cap 15.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
451
Businesses Nearby
Explore this area
Business Placement
Demographics for 70815, LA
29,376
Population
12,060
Households
2.4
Avg Household Size
37
Median Age
30%
College-Educated
86%
High-School Grad
9.5 sq mi
ZIP Area
3,092
Density / Sq Mi
$55,804
Median Household Income
$36,158
Median Earnings
$984
Median Rent
$213,100
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Newer office improvements feature private workspaces and dedicated areas for meetings, breaks, and interviews.
Where is this office building located?
The property is located at 2288 N Airway Dr Baton Rouge, LA.
What is the asking price?
The asking price for this property is $1,273,030.
What are key features of this property?
This property features: 11,573 SF office building at 2288 N Airway Dr, Baton Rouge, LA 70815; Mostly private‑office floor plan; Conference room, large break room, and interview/intake room
