Signalized Corner Medical Office
For Sale
$499,900
3009 Monterrey Dr, Baton Rouge, LA 70814
Well-maintained medical/professional office building with multiple entrances, meeting rooms, kitchen, and on-site parking.
Property Size4,200 SF
Price / SF$119.02
Days on Market94
Property Features for 3009 Monterrey Dr
General Information
Standard status
Active
Size
4,200 SF
Property subtype
General Commercial
Amenities
Central Air
3
Parking. Corner Lot.
Concrete Driveway, Lot.
198 X 97 X 195 X 71
Freestanding. Corner, Suburban.
Listing Agency:
New Vision Homes & Properties, LLC
Listed By:
Lisa Hill
(225) 252-5800
Source:
Xome
Added: Jun 4
Changed: Sep 2
Last Checked: Sep 4 at 3:43AM
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 New Vision Homes & Properties, LLC
Investment Insights
Based on property information with market context.
This well-maintained medical and professional office building is currently operating as a medical care service facility and is designed with a flexible floor plan. The layout includes executive suites, multiple private offices with four separate entrances, meeting and conference rooms, four restrooms, and a fully equipped kitchen with appliances. A portion of the building is currently occupied by a barber shop, which provides additional income potential while preserving space for owner occupancy or expansion. State-of-the-art surveillance cameras and an alarm system are in place.
The property is situated on a heavily traveled four-lane highway at a signalized corner intersection with ample on-site parking and strong accessibility for clients and patients. It is located directly in front of a Super Fitness gym.
The space is configured for healthcare, medical/dental/therapy, or other professional office use, with the existing room mix supporting both exam-and-treatment needs and office operations.
The property is situated on a heavily traveled four-lane highway at a signalized corner intersection with ample on-site parking and strong accessibility for clients and patients. It is located directly in front of a Super Fitness gym.
The space is configured for healthcare, medical/dental/therapy, or other professional office use, with the existing room mix supporting both exam-and-treatment needs and office operations.
Key Highlights
- Well‑maintained medical/professional office building designed for healthcare, medical/dental/therapy, and other professional office use
- Flexible floor plan with executive suites, multiple private offices, meeting and conference rooms, and a fully equipped kitchen with appliances
- Four separate entrances and four restrooms for convenient access throughout the building
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
$40,431
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
8.09%
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%
$808,620
$808.6K
Cap Rate 7%
$577,586
$577.6K
Cap Rate 9%
$449,233
$449.2K
Market Conditions
NOI Build-Up for 4,200 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
$70.6K $16.80/SF
− Vacancy
−$3.2K −$0.76/SF
EGI
$67.4K $16.04/SF
− OpEx
−$27.0K −$6.42/SF
NOI
$40.4K $9.63/SF
Area
Baton Rouge, LA
Vacancy
4.50%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
40.00%
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%
$808,620
Cap Rate 7%
$577,586
Cap Rate 9%
$449,233
Alternative Uses
Best Use
Healthcare Medical
$577.6K
$505.4K – $673.9K
NOI $40,431 @ 7.0% cap · market cap 8.09%
Second Best
Office B
$573.9K
$502.2K – $669.5K
NOI $40,172 @ 7.0% cap · market cap 8.04%
Theoretical Best
Specialty Retail
$1.01M
$880.1K – $1.17M
NOI $70,410 @ 7.0% cap · market cap 14.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
512
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 70814, LA
14,061
Population
5,126
Households
2.7
Avg Household Size
37
Median Age
19%
College-Educated
92%
High-School Grad
8.9 sq mi
ZIP Area
1,580
Density / Sq Mi
$53,280
Median Household Income
$36,031
Median Earnings
$1,064
Median Rent
$181,600
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?
Medical Office Space - Well-maintained medical/professional office building with multiple entrances, meeting rooms, kitchen, and on-site parking.
Where is this medical office space located?
The property is located at 3009 Monterrey Dr Baton Rouge, LA.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Well‑maintained medical/professional office building designed for healthcare, medical/dental/therapy, and other professional office use; Flexible floor plan with executive suites, multiple private offices, meeting and conference rooms, and a fully equipped kitchen with appliances; Four separate entrances and four restrooms for convenient access throughout the building
