Two-Story Office
For Sale
$1,100,000
4360 North St, Baton Rouge, LA 70806
Two-story layout includes offices, classrooms or conference rooms, kitchen, restrooms, and dedicated parking.
Property Size8,380 SF
Price / SF$131.26
Days on Market248
Property Features for 4360 North St
General Information
Standard status
Active
Size
8,380 SF
Total Parking Spaces
25
Property subtype
Office
Zoning
C-LI Commercial/Light Industrial Zone
Amenities
25 Parking Spaces
Building Details
Year Built
2003
Buildings
1
Stories
2
Listing Agency:
Newlands United, LLC
(225) 975-9000
Listed By:
Danielle Deggs · License #0995689500
(225) 975-9000
Source:
Lacdb.resimplifi
Added: Dec 27, 2025
Changed: Aug 30
Last Checked: Aug 31 at 1:01PM
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 Newlands United, LLC
Investment Insights
Based on property information with market context.
This two-story office building was completed in 2003 and is arranged for professional administrative use. The interior includes 12 offices, several classrooms or conference rooms, a central administrative office, a full kitchen, and two restrooms. The property also provides 20 dedicated parking spaces and was formerly occupied by an insurance agency.
Located at 4360 North St in Baton Rouge, Louisiana, the property is zoned C-LI Commercial/Light Industrial Zone. Its existing configuration supports office operations, training functions, medical office use, corporate headquarters, call center operations, or conversion to multiple office occupancies, as identified in the property information.
Located at 4360 North St in Baton Rouge, Louisiana, the property is zoned C-LI Commercial/Light Industrial Zone. Its existing configuration supports office operations, training functions, medical office use, corporate headquarters, call center operations, or conversion to multiple office occupancies, as identified in the property information.
Key Highlights
- Two‑story office building completed in 2003
- 12 offices plus classrooms or conference rooms
- 20 dedicated parking spaces
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
$80,153
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
7.29%
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%
$1,603,060
$1.6M
Cap Rate 7%
$1,145,043
$1.1M
Cap Rate 9%
$890,589
$890.6K
Market Conditions
NOI Build-Up for 8,380 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
$109.6K $13.08/SF
− Vacancy
−$2.7K −$0.33/SF
EGI
$106.9K $12.75/SF
− OpEx
−$26.7K −$3.19/SF
NOI
$80.2K $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%
$1,603,060
Cap Rate 7%
$1,145,043
Cap Rate 9%
$890,589
Alternative Uses
Best Use
Office B
$1.15M
$1.00M – $1.34M
NOI $80,153 @ 7.0% cap · market cap 7.29%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.01M
$1.76M – $2.34M
NOI $140,485 @ 7.0% cap · market cap 12.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,497
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
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Frequently Asked Questions
What type of property is this?
Office building - Two-story layout includes offices, classrooms or conference rooms, kitchen, restrooms, and dedicated parking.
Where is this office building located?
The property is located at 4360 North St Baton Rouge, LA.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Two‑story office building completed in 2003; 12 offices plus classrooms or conference rooms; 20 dedicated parking spaces
