Medical Office Near Baton
For Sale
Contact for pricing
4750 North Blvd, Baton Rouge, LA 70806
Adaptable medical office near healthcare and educational institutions.
Property Size4,000 SF
Lot Size0.39 Acres
Price / SF$120
Days on Market168
Property Features for 4750 North Blvd
General Information
Standard status
Active
Size
4,000 SF
Class
B
Lot size
0.39 Acres
Property subtype
Office
Zoning
C-1 (Light Commercial)
Building Details
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
Elifin Realty Baton Rouge
(225) 938-3148
Listed By:
Lindsay Redhead · License #LA 0995702768
Source:
Crexi
Added: Mar 9
Changed: Aug 8
Last Checked: Aug 22 at 7:09AM
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 Elifin Realty Baton Rouge
Investment Insights
Based on property information with market context.
Located just off N Acadian Thruway, 4750 North Boulevard is a medical office opportunity. The property features a ±4,000 SF medical office building on a ±0.39-acre lot. The layout allows the building to function as a single large medical office or be divided into two separate suites. Zoned C-1 (Light Commercial), the property is well suited for medical or healthcare-related uses. The property is near Baton Rouge Community College and the Baton Rouge General campus, placing it within an established medical and institutional area. This offering presents a flexible medical office opportunity with adaptable layout options and convenient proximity to nearby healthcare and educational institutions.
Key Highlights
- Prime location near Baton Rouge General campus and Baton Rouge Community College, ideal for medical or healthcare businesses.
- Flexible layout offering ±4,000 SF as a single medical office or divided into two suites.
- Zoned C‑1 (Light Commercial), perfectly suited for medical or healthcare‑related purposes.
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
$38,506
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
8.02%
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%
$770,120
$770.1K
Cap Rate 7%
$550,086
$550.1K
Cap Rate 9%
$427,844
$427.8K
Market Conditions
NOI Build-Up for 4,000 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
$67.2K $16.80/SF
− Vacancy
−$3.0K −$0.76/SF
EGI
$64.2K $16.04/SF
− OpEx
−$25.7K −$6.42/SF
NOI
$38.5K $9.63/SF
Area
Baton Rouge, LA
Vacancy
4.50%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
40.00%
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%
$770,120
Cap Rate 7%
$550,086
Cap Rate 9%
$427,844
Alternative Uses
Best Use
Healthcare Medical
$550.1K
$481.3K – $641.8K
NOI $38,506 @ 7.0% cap · market cap 8.02%
Second Best
Office B
$546.6K
$478.2K – $637.7K
NOI $38,259 @ 7.0% cap · market cap 7.97%
Theoretical Best
Specialty Retail
$958.0K
$838.2K – $1.12M
NOI $67,057 @ 7.0% cap · market cap 13.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,376
Businesses Nearby
Under-served
Demand for This Use
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?
Medical Office Space - Adaptable medical office near healthcare and educational institutions.
Where is this medical office space located?
The property is located at 4750 North Blvd Baton Rouge, LA.
What is the asking price?
The asking price for this property is $480,000.
What are key features of this property?
This property features: Prime location near Baton Rouge General campus and Baton Rouge Community College, ideal for medical or healthcare businesses.; Flexible layout offering ±4,000 SF as a single medical office or divided into two suites.; Zoned C‑1 (Light Commercial), perfectly suited for medical or healthcare‑related purposes.
