5131 PAYNE Drive, Baton Rouge, LA 70809
COMMERCIAL - Baton Rouge, LA
- Added:
- Jun 20, 2026
- Days on Market:
- 1
- Last Refresh:
- Jun 20 at 7:06 pm
Property Features for 5131 PAYNE Drive
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- C2
- Parking features
- Covered
- Standard status
- Active
- APN
- 2005948
- Size
- 3,662 SF
- Lot size
- 0.27 Acres
Taxes and HOA fees
- Tax Description
- Lot 16 of Essen Plaza Subdivision, East Baton Rouge Parish, State of Louisiana
Utilities
- Water source
- Public
Building Details
- Year built
- 1970
- Floors in Building
- 2
Listing agent Emily Elwell License #995701011 (504) 799-1702
Listing office Berkshire Hathaway HomeServices Preferred, REALTOR 1121 N Causeway Blvd, New Orleans, LA (985) 951-2324
Listing date Jun 20, 2026
Copyright © 2026 New Orleans Metropolitan Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Free‑standing commercial property with approximately 4,000+ SF of office/professional space
- First floor includes reception, conference room, private executive offices, and open bullpen workspace
- Second‑floor open space offers flexible room for business customization
- Zoned C‑2 and located on a generous lot with ample covered parking
- Public water service; year built 1970
- Minutes from I‑10 and I‑12, positioned between Baton Rouge General and Our Lady of the Lake Regional Medical Center
Overview
The property is located in the Essen/Bluebonnet corridor of Baton Rouge and is positioned just minutes from I-10 and I-12 for straightforward regional access. It sits between Baton Rouge General and Our Lady of the Lake Regional Medical Center, which can be helpful for office users serving the healthcare community. The site is on a generous lot with ample parking, and the property is zoned C-2.
For buyers or operators seeking a turnkey-style office layout, the combination of private offices, a conference room, and open bullpen space supports a range of professional workflows. The second-floor open area adds flexibility for additional teams, administrative functions, or other configurable uses consistent with the C-2 zoning and intended office/professional use.
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
