Freestanding Office
For Sale
$635,000
5131 Payne Dr, Baton Rouge, LA 70809
C2-zoned office property with reception, conference, private offices, bullpen space, and additional upper-level flexibility.
Property Size3,662 SF
Price / SF$173.40
Days on Market101
Property Features for 5131 Payne Dr
General Information
Standard status
Active
Size
3,662 SF
Building Details
Year Built
1970
Listing Agency:
Berkshire Hathaway HomeServices Preferred, REALTOR
Listed By:
Emily Elwell · License #995701011
(504) 810-7355
Source:
Fiorellaavenue
Added: Jul 10
Changed: Oct 8
Last Checked: Oct 7 at 2:13PM
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
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Investment Insights
Based on property information with market context.
This freestanding office property is configured for professional use, with a reception area, conference room, several private offices, and an open bullpen on the first floor. A separate second-floor area adds adaptable workspace for administrative, collaborative, or specialized functions. The property is zoned C2 and includes on-site parking.
Located on Payne Drive in Baton Rouge, the property sits within the Essen/Bluebonnet corridor, with access to both I-10 and I-12. Its position between Baton Rouge General and Our Lady of the Lake Regional Medical Center places the office near two major medical facilities. The layout and commercial zoning support a range of office-based operations, including medical, legal, and other professional uses.
Located on Payne Drive in Baton Rouge, the property sits within the Essen/Bluebonnet corridor, with access to both I-10 and I-12. Its position between Baton Rouge General and Our Lady of the Lake Regional Medical Center places the office near two major medical facilities. The layout and commercial zoning support a range of office-based operations, including medical, legal, and other professional uses.
Key Highlights
- Freestanding office property with reception area, conference room, private offices, and open bullpen
- Second‑floor area provides additional flexible workspace
- C2 zoning supports office and professional use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,026
Cap Rate
5.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$700,520
$700.5K
Cap Rate 7%
$500,371
$500.4K
Cap Rate 9%
$389,178
$389.2K
Market Conditions
NOI Build-Up for 3,662 SF
Gross rent
$47.9K $13.08/SF
− Vacancy
−$1.2K −$0.33/SF
EGI
$46.7K $12.75/SF
− OpEx
−$11.7K −$3.19/SF
NOI
$35.0K $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%
$700,520
Cap Rate 7%
$500,371
Cap Rate 9%
$389,178
Alternative Uses
Best Use
Office B
$500.4K
$437.8K – $583.8K
NOI $35,026 @ 7.0% cap · market cap 5.52%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$877.0K
$767.4K – $1.02M
NOI $61,391 @ 7.0% cap · market cap 9.67%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
3,034
Businesses Nearby
Explore this area
Business Placement
Demographics for 70809, LA
25,302
Population
13,872
Households
1.8
Avg Household Size
40
Median Age
55%
College-Educated
97%
High-School Grad
14.4 sq mi
ZIP Area
1,757
Density / Sq Mi
$81,310
Median Household Income
$55,827
Median Earnings
$1,336
Median Rent
$305,900
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - C2-zoned office property with reception, conference, private offices, bullpen space, and additional upper-level flexibility.
Where is this office building located?
The property is located at 5131 Payne Dr Baton Rouge, LA.
What is the asking price?
The asking price for this property is $635,000.
What are key features of this property?
This property features: Freestanding office property with reception area, conference room, private offices, and open bullpen; Second‑floor area provides additional flexible workspace; C2 zoning supports office and professional use
