Freestanding Office
For Sale
$375,000
3070 Teddy Dr, Baton Rouge, LA 70809
C2-zoned office property positioned near the I-12 and Airline Highway interchange.
Property Size2,300 SF
Price / SF$163.04
Days on Market182
Property Features for 3070 Teddy Dr
General Information
Standard status
Active
Size
2,300 SF
Property subtype
Office
Zoning
C2
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Office Units
2
Building Details
Buildings
1
Building Size
2,300 SF
Listing Agency:
Kurz & Hebert
(225) 925-0600
Listed By:
Judah Vedros
(225) 925-0600
Source:
Lacdb.resimplifi
Added: Mar 3
Changed: Aug 29
Last Checked: Aug 31 at 1:05PM
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 Kurz & Hebert
Investment Insights
Based on property information with market context.
This freestanding office building contains approximately 2,300 SF and was formerly configured as a duplex office property. The layout may allow reconfiguration for an owner to use one suite while leasing the other, subject to the property’s existing configuration and applicable requirements.
The building is located at 3070 Teddy Dr, just off Interline Ave and near the I-12 and Airline Highway interchange. C2 zoning supports its commercial office classification. The neighboring property at 3060 Teddy Dr is also offered for sale.
The building is located at 3070 Teddy Dr, just off Interline Ave and near the I-12 and Airline Highway interchange. C2 zoning supports its commercial office classification. The neighboring property at 3060 Teddy Dr is also offered for sale.
Key Highlights
- Freestanding office building with approximately 2,300 SF
- Former duplex office configuration with two suites
- Potential to occupy one suite and lease the other
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
$21,999
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
5.87%
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%
$439,980
$440.0K
Cap Rate 7%
$314,271
$314.3K
Cap Rate 9%
$244,433
$244.4K
Market Conditions
NOI Build-Up for 2,300 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
$30.1K $13.08/SF
− Vacancy
−$752 −$0.33/SF
EGI
$29.3K $12.75/SF
− OpEx
−$7.3K −$3.19/SF
NOI
$22.0K $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%
$439,980
Cap Rate 7%
$314,271
Cap Rate 9%
$244,433
Alternative Uses
Best Use
Office B
$314.3K
$275.0K – $366.7K
NOI $21,999 @ 7.0% cap · market cap 5.87%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$550.8K
$482.0K – $642.6K
NOI $38,558 @ 7.0% cap · market cap 10.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Office units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,181
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - C2-zoned office property positioned near the I-12 and Airline Highway interchange.
Where is this office building located?
The property is located at 3070 Teddy Dr Baton Rouge, LA.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Freestanding office building with approximately 2,300 SF; Former duplex office configuration with two suites; Potential to occupy one suite and lease the other
