Two-Story Office
For Sale
$2,600,000
2322 Tremont Dr, Baton Rouge, LA 70809
The current occupant is scheduled to remain under a leaseback through January 1, 2027.
Property Size17,000 SF
Price / SF$152.94
Days on Market9
Property Features for 2322 Tremont Dr
General Information
Standard status
Active
Size
17,000 SF
Class
B
Property subtype
Office
Building Details
Building Size
17,000 SF
Year Built
1979
Buildings
1
Stories
2
Tenancy
Single
Owner Occupied
Yes
Abandoned
No
Listed By:
Fabian Edwards, JD/DCL
(985) 974-8301
Source:
Elifinrealty
Added: Sep 28
Changed: Sep 29
Last Checked: Oct 5 at 5:04PM
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 Fabian Edwards, JD/DCL
Investment Insights
Based on property information with market context.
At 2322 Tremont Dr in Baton Rouge, this two-story office property contains approximately 17,000 SF and was built in 1979. Hannis T. Bourgeois, CPAs currently occupies the building and plans to move to a larger, approximately 30,000 SF facility following business growth.
The occupant is expected to remain at the property until January 1, 2027. If the sale closes before that move, the existing leaseback and rental payments would transfer to the buyer.
The occupant is expected to remain at the property until January 1, 2027. If the sale closes before that move, the existing leaseback and rental payments would transfer to the buyer.
Key Highlights
- Two‑story office building totaling approximately 17,000 SF
- Built in 1979
- Occupied by Hannis T. Bourgeois, CPAs through January 1, 2027
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$162,601
Cap Rate
6.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,252,020
$3.3M
Cap Rate 7%
$2,322,871
$2.3M
Cap Rate 9%
$1,806,678
$1.8M
Market Conditions
NOI Build-Up for 17,000 SF
Gross rent
$222.4K $13.08/SF
− Vacancy
−$5.6K −$0.33/SF
EGI
$216.8K $12.75/SF
− OpEx
−$54.2K −$3.19/SF
NOI
$162.6K $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%
$3,252,020
Cap Rate 7%
$2,322,871
Cap Rate 9%
$1,806,678
Alternative Uses
Best Use
Office B
$2.32M
$2.03M – $2.71M
NOI $162,601 @ 7.0% cap · market cap 6.25%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.07M
$3.56M – $4.75M
NOI $284,994 @ 7.0% cap · market cap 10.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
973
Businesses Nearby
Explore this area
Business Placement
Demographics for 70809, LA
25,302
Population
13,872
Households
1.8
Avg Household Size
40
Median Age
55%
College-Educated
97%
High-School Grad
14.4 sq mi
ZIP Area
1,757
Density / Sq Mi
$81,310
Median Household Income
$55,827
Median Earnings
$1,336
Median Rent
$305,900
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
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Frequently Asked Questions
What type of property is this?
Office building - The current occupant is scheduled to remain under a leaseback through January 1, 2027.
Where is this office building located?
The property is located at 2322 Tremont Dr Baton Rouge, LA.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: Two‑story office building totaling approximately 17,000 SF; Built in 1979; Occupied by Hannis T. Bourgeois, CPAs through January 1, 2027
