Renovated Freestanding Office
For Sale
$1,650,000
3909 Plaza Tower Dr, Baton Rouge, LA 70816
Freestanding office building offering renovated interior updates, including fresh paint, new carpet, and updated landscaping.
Property Size9,688 SF
Price / SF$170.31
Days on Market130
Property Features for 3909 Plaza Tower Dr
General Information
Standard status
Active
Size
9,688 SF
Class
B
Property subtype
Office
Site & Location
Neighborhood
Jones Creek
Building Details
Building Size
9,688 SF
Listed By:
Lindsay Redhead, MBA
(225) 938-3148
Source:
Elifinrealty
Added: Jun 17
Changed: Oct 1
Last Checked: Oct 23 at 4:54AM
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 Lindsay Redhead, MBA
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Investment Insights
Based on property information with market context.
3909 Plaza Tower Dr is a freestanding office building with 1,968 square feet. The property has been thoughtfully renovated and maintained, with recent improvements including fresh interior and exterior paint, newly installed carpet, and new landscaping.
The building is located just off S Sherwood Forest Blvd in Baton Rouge, providing straightforward access to the surrounding commercial area.
This updated office property is presented for sale and is positioned for an owner-user or investor seeking a maintained, move-in ready office setting.
The building is located just off S Sherwood Forest Blvd in Baton Rouge, providing straightforward access to the surrounding commercial area.
This updated office property is presented for sale and is positioned for an owner-user or investor seeking a maintained, move-in ready office setting.
Key Highlights
- ±6,688 SF freestanding office building for sale
- Renovated and meticulously maintained with recent interior and exterior paint
- Newly installed carpet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$92,663
Cap Rate
5.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,853,260
$1.9M
Cap Rate 7%
$1,323,757
$1.3M
Cap Rate 9%
$1,029,589
$1.0M
Market Conditions
NOI Build-Up for 9,688 SF
Gross rent
$126.7K $13.08/SF
− Vacancy
−$3.2K −$0.33/SF
EGI
$123.6K $12.75/SF
− OpEx
−$30.9K −$3.19/SF
NOI
$92.7K $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%
$1,853,260
Cap Rate 7%
$1,323,757
Cap Rate 9%
$1,029,589
Alternative Uses
Best Use
Office B
$1.32M
$1.16M – $1.54M
NOI $92,663 @ 7.0% cap · market cap 5.62%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.32M
$2.03M – $2.71M
NOI $162,413 @ 7.0% cap · market cap 9.84%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,412
Businesses Nearby
Explore this area
Business Placement
Demographics for 70816, LA
45,232
Population
21,024
Households
2.2
Avg Household Size
34
Median Age
36%
College-Educated
94%
High-School Grad
16.3 sq mi
ZIP Area
2,775
Density / Sq Mi
$65,894
Median Household Income
$39,344
Median Earnings
$1,155
Median Rent
$232,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Freestanding office building offering renovated interior updates, including fresh paint, new carpet, and updated landscaping.
Where is this office building located?
The property is located at 3909 Plaza Tower Dr Baton Rouge, LA.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: ±6,688 SF freestanding office building for sale; Renovated and meticulously maintained with recent interior and exterior paint; Newly installed carpet
