Building Details

Tenancy Multi-Tenant

Listing Agency: Elifin Realty

Listed By: Lindsay Redhead · License #0995702768 Show Phone

Source: Lacdb.resimplifi

Added: Nov 19, 2025 Changed: Oct 11 Last Checked: Oct 16 at 5:40AM

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Investment Insights

Based on property information with market context.

Located at 429 East Airport Avenue, Unit 3, this ±2,047 SF office condo is part of a maintained commercial complex with ample parking. The interior was recently renovated and is currently arranged as salon suites, supporting continued office or personal-service use under Zone B1 (Transition).

The property sits near Airline Hwy and Florida Blvd, with access to their surrounding commercial corridors. It is also positioned within the Goodwood Acres office cluster and approximately ±1.5 miles from the US Hwy-61 and US Hwy-190 interchange.

Key Highlights

• ±2,047 SF office condo
• Recently renovated interior configured for salon suites
• Existing occupancy supports continued office or personal‑service use

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$19,579

Cap Rate

3.14%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$391,580 $391.6K

Cap Rate 7%

$279,700 $279.7K

Cap Rate 9%

$217,544 $217.5K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,047 SF

Gross rent

$26.8K $13.08/SF

− Vacancy

−$669 −$0.33/SF

EGI

$26.1K $12.75/SF

− OpEx

−$6.5K −$3.19/SF

NOI

$19.6K $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%

$391,580

Cap Rate 7%

$279,700

Cap Rate 9%

$217,544

Alternative Uses

Best Use

Office B

$279.7K

$244.7K – $326.3K (±1% cap)

NOI $19,579 @ 7.0% cap · market cap 3.14%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$490.2K

$429.0K – $572.0K (±1% cap)

NOI $34,317 @ 7.0% cap · market cap 5.51%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Cecilia Luong DDS Dental Office Dr. Michael J. ... Dental Office Goodwood Primary Care ... Medical Clinic Hormone And Nutrition Solutions Medical Clinic Our Lady of the Lake ... Pediatrician

Suggested Use

Top Pick Building Supply Restaurant Grocery & Convenience Store Gym & Fitness Center Parking Lot & Garage Real Estate Agency

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1

Office units

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

1,390

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

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

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Frequently Asked Questions

What type of property is this?

Office units - Recently renovated office condo configured for salon suites, with existing occupancy and ample parking.

Where is this office units located?

The property is located at 429 E Airport Ave Unit 3 Baton Rouge, LA.

What is the asking price?

The asking price for this property is $623,000.

What are key features of this property?

This property features: ±2,047 SF office condo; Recently renovated interior configured for salon suites; Existing occupancy supports continued office or personal‑service use