Live-Work
For Sale
$169,500
3535 Capital Heights Ave, Baton Rouge, LA 70806
Property supports a combined residential and office configuration under B1 zoning.
Property Size575 SF
Price / SF$294.78
Days on Market98
Property Features for 3535 Capital Heights Ave
General Information
Standard status
Active
Size
575 SF
Property subtype
Office
Zoning
B1
Listing Agency:
Tom Mackey Real Estate Service
(225) 445-4767
Listed By:
Duane Griffon
(225) 445-4767
Source:
Lacdb.resimplifi
Added: May 27
Changed: Aug 30
Last Checked: Aug 31 at 12:39PM
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 Tom Mackey Real Estate Service
Investment Insights
Based on property information with market context.
This live-work property is positioned for a combined home and office arrangement, allowing the space to serve residential, professional, or hybrid purposes. The listing identifies B1 zoning and a property size of 575.
Located at 3535 Capital Heights Ave in Baton Rouge, Louisiana, the property offers a documented address within the 70806 ZIP code.
Located at 3535 Capital Heights Ave in Baton Rouge, Louisiana, the property offers a documented address within the 70806 ZIP code.
Key Highlights
- Live‑work configuration supports home and office use
- B1 zoning designation
- Property size listed as 575
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
$5,500
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
3.24%
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%
$110,000
$110.0K
Cap Rate 7%
$78,571
$78.6K
Cap Rate 9%
$61,111
$61.1K
Market Conditions
NOI Build-Up for 575 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
$7.5K $13.08/SF
− Vacancy
−$188 −$0.33/SF
EGI
$7.3K $12.75/SF
− OpEx
−$1.8K −$3.19/SF
NOI
$5.5K $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%
$110,000
Cap Rate 7%
$78,571
Cap Rate 9%
$61,111
Alternative Uses
Best Use
Office B
$78.6K
$68.8K – $91.7K
NOI $5,500 @ 7.0% cap · market cap 3.24%
Second Best
Mixed Use
$76.9K
$67.3K – $89.7K
NOI $5,382 @ 7.0% cap · market cap 3.18%
Theoretical Best
Specialty Retail
$137.7K
$120.5K – $160.7K
NOI $9,640 @ 7.0% cap · market cap 5.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
925
Businesses Nearby
Explore this area
Business Placement
Demographics for 70806, LA
27,898
Population
14,972
Households
1.9
Avg Household Size
37
Median Age
40%
College-Educated
90%
High-School Grad
8.9 sq mi
ZIP Area
3,135
Density / Sq Mi
$53,430
Median Household Income
$41,894
Median Earnings
$1,014
Median Rent
$321,400
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?
Live-work space - Property supports a combined residential and office configuration under B1 zoning.
Where is this live-work space located?
The property is located at 3535 Capital Heights Ave Baton Rouge, LA.
What is the asking price?
The asking price for this property is $169,500.
What are key features of this property?
This property features: Live‑work configuration supports home and office use; B1 zoning designation; Property size listed as 575
