Signalized Corner Medical Office
3009 Monterrey Dr Baton Rouge, LA 70814
3009 Monterrey Dr, Baton Rouge, LA, 70814
$550,000
For Sale
$550,000
Well-maintained medical/professional office building with multiple entrances, meeting rooms, kitchen, and on-site parking.
Property Size4,200 SF
Price / SF$130.95
Days on Market29
Property Features for 3009 Monterrey Dr
General Information
- Standard status
- Active
- Size
- 4,200 SF
- Property subtype
- General Commercial
Listing agency
New Vision Homes & Properties, LLC
(225) 252-5800
Listed by
Lisa Hill
(225) 252-5800
Source
Xome
Added: Jun 23 Updated: Jul 21 at 5:57AM Checked: Jul 21 at 5:57AM
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 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
Local Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $70.6k | $16.80 |
| − Vacancy | −$3.2k | −$0.76 |
| EGI | $67.4k | $16.04 |
| − OpEx | −$27.0k | −$6.42 |
| NOI | $40.4k | $9.63 |
4,200 SF · lease $16.80/SF/yr · vacancy 4.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$577.6K
$505.4K – $673.9K
NOI $40,431 @ 7.0% cap · market cap 7.35%
Second Best
Office B
$573.9K
$502.2K – $669.5K
NOI $40,172 @ 7.0% cap · market cap 7.30%
Theoretical Best
Specialty Retail
$1.01M
$880.1K – $1.17M
NOI $70,410 @ 7.0% cap · market cap 12.80%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Trinity Independent Living ...
Nursing Home
Guardian Angels Independent
Community Center
Alpha Medical Home ...
Employment Agency
Trinity Lending
Loan Service
Marcus Alcee
Home Health Care Service
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FAQs
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 $550,000.
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
