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Renovated Two-Story Office Units
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442 Government St, Baton Rouge, LA 70802

C2-zoned office property with separate exterior and interior access to the upper level.

Property Size2,440 SF
Price / SF$0.01
Days on Market418

Property Features for 442 Government St

General Information

Standard status Active
Size 2,440 SF
Property subtype Office
Zoning C2
Lease Type NNN

Additional Details

Office Units 1

Amenities

Vacant

Building Details

Buildings 1
Stories 2
Building Size 2,440 SF
Listing Agency: CBRE Baton Rouge
Listed By: Jake Loach · License #SALE.995703697-ACT
Source: Lacdb.resimplifi
Added: Aug 26, 2025 Changed: Oct 8 Last Checked: Oct 16 at 5:43AM

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 CBRE Baton Rouge

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Investment Insights

Based on property information with market context.

This C2-zoned office property spans 2,440 SF across two stories and includes six offices, two kitchenettes, and a conference room. The upper level can be reached through both exterior and interior entrances, while the interior has been recently renovated.

Located at 442 Government St in downtown Baton Rouge, the property is near multiple restaurants and offers convenient access to the Baton Rouge courts. Government St provides strong traffic counts, and a mural on the building’s side is also available as part of the property offering.

Key Highlights

  • 2,440 SF office property in downtown Baton Rouge
  • Two‑story layout with exterior and interior access to the second story
  • Six offices, two kitchenettes, and one conference room

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$23,338
Suggested Prices Based on Cap Rates
Cap Rate 5%
$466,760 $466.8K
Cap Rate 7%
$333,400 $333.4K
Cap Rate 9%
$259,311 $259.3K
Market Conditions
NOI Build-Up for 2,440 SF
Gross rent
$31.9K $13.08/SF
− Vacancy
−$798 −$0.33/SF
EGI
$31.1K $12.75/SF
− OpEx
−$7.8K −$3.19/SF
NOI
$23.3K $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%
$466,760
Cap Rate 7%
$333,400
Cap Rate 9%
$259,311

Alternative Uses

Best Use
Office B
$333.4K
$291.7K – $389.0K (±1% cap)
NOI $23,338 @ 7.0% cap · market cap 119,682.05%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$584.4K
$511.3K – $681.8K (±1% cap)
NOI $40,905 @ 7.0% cap · market cap 209,769.23%
Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Marex Services Group, ... Logistics Company

Suggested Use

Top Pick Dental Office (Bike/Boat/Book/etc) Store Locksmith Home Appliance Store Pharmacy Cosmetic Store

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

Location Intelligence

Trade Area within ½ mile

2,405
Businesses Nearby

Demographics for 70802, LA

26,519
Population
13,887
Households
1.9
Avg Household Size
29
Median Age
24%
College-Educated
82%
High-School Grad
7.1 sq mi
ZIP Area
3,735
Density / Sq Mi
$34,082
Median Household Income
$23,215
Median Earnings
$935
Median Rent
$105,100
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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

Frequently Asked Questions

What type of property is this?
Office units - C2-zoned office property with separate exterior and interior access to the upper level.
Where is this office units located?
The property is located at 442 Government St Baton Rouge, LA.
What are key features of this property?
This property features: 2,440 SF office property in downtown Baton Rouge; Two‑story layout with exterior and interior access to the second story; Six offices, two kitchenettes, and one conference room
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