5131 PAYNE Drive, Baton Rouge, LA 70809
Free-standing office building with reception, conference room, offices, and flexible space on a C-2 zoned lot.
- Added:
- Jun 17, 2026
- Days on Market:
- 11
- Last Refresh:
- Jun 24 at 5:15 am
Property Features for 5131 PAYNE Drive
General Information
- Standard status
- Active
- Size
- 3,662 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1970
Listing office Berkshire Hathaway HomeServices Preferred, REALTOR (504) 810-7355
Listing date Jun 17, 2026
Source Xome
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 Berkshire Hathaway HomeServices Preferred, REALTOR
HighLights
- Free‑standing office building on a C‑2 zoned lot in the Essen/Bluebonnet corridor of Baton Rouge
- Approx. 4,000+ SF of office/professional space with reception, conference room, private executive offices, and open bullpen area
- Includes flexible second‑floor open space that can be customized for business use
- Covered parking plus parking on the lot
- Year built 1970; rectangular 76 x 152.14 lot
Overview
The property is located in the Essen/Bluebonnet corridor of Baton Rouge and provides access within minutes of both I-10 and I-12. It sits between Baton Rouge General and Our Lady of the Lake Regional Medical Center, supporting office users that want to be close to healthcare employers.
With ample parking on a generous lot and C-2 zoning, this building can fit a range of office and professional requirements, including medical or legal-related operations. The combination of reception, meeting space, private offices, and open work areas provides a practical foundation for teams that need both client-facing space and adaptable interior configuration.
Local Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $61.5k | $16.80 |
| − Vacancy | −$2.8k | −$0.76 |
| EGI | $58.8k | $16.04 |
| − OpEx | −$23.5k | −$6.42 |
| NOI | $35.3k | $9.63 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Baton Rouge
- County
- East Baton Rouge
- State
- Louisiana
- Longitude
- -91.1021915
- Latitude
- 30.3992164
