Two-Story Office
For Sale
$635,000
5131 PAYNE Drive, Baton Rouge, LA 70809
Commercial Sale, Baton Rouge, LA
Property Size3,662 SF
Lot Size0.27 Acres
Price / SF$173.40
Days on Market128
Property Features for 5131 PAYNE Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C2
Parking features
Parking Lot, Covered
Subdivision
EBR MLS Area 53
Standard status
Active
APN
2005948
Size
3,662 SF
Lot size
0.27 Acres
Additional Details
Property Use
Office
Taxes and HOA fees
Tax Description
Lot 16 of Essen Plaza Subdivision, East Baton Rouge Parish, State of Louisiana
Legal Description
Lot 16 of Essen Plaza Subdivision, East Baton Rouge Parish, State of Louisiana
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1970
Floors in Building
2
Building materials
Brick
Buildings
1
Listing Agency:
Berkshire Hathaway HS - Mandeville · Berkshire Hathaway HomeServices
(985) 951-2324
Listed By:
Emily J Elwell · License #995701011
(504) 810-7355
Added: Jun 20
Changed: Oct 23
Last Checked: Oct 25 at 4:06AM
MLS# 2563968
Copyright © 2026 ROAM MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 3,662-square-foot office property has brick construction and a two-level layout. The first floor includes a reception area, conference room, private offices, and bullpen workspace; the second floor offers additional open space. The site measures 0.265 acres and includes covered parking and a parking lot. Public water and sewer serve the property, which was built in 1970 and is zoned C2.
The property is on Payne Drive in Baton Rouge’s Essen/Bluebonnet corridor. I-10 and I-12 are minutes away, and Baton Rouge General and Our Lady of the Lake Regional Medical Center are nearby.
The property is on Payne Drive in Baton Rouge’s Essen/Bluebonnet corridor. I-10 and I-12 are minutes away, and Baton Rouge General and Our Lady of the Lake Regional Medical Center are nearby.
Key Highlights
- 3,662 square feet across first- and second‑floor office areas
- 0.265‑acre site zoned C2
- First floor includes reception, conference room, private offices, and bullpen workspace
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
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 professional space includes private offices, shared work areas, and on-site parking.
Where is this office building located?
The property is located at 5131 PAYNE Drive 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: 3,662 square feet across first- and second‑floor office areas; 0.265‑acre site zoned C2; First floor includes reception, conference room, private offices, and bullpen workspace
