Two-Building Office
For Sale
Contact for pricing
573 and 609 Jefferson Hwy, Baton Rouge, LA 70806
Mixed-Use zoning permits a range of business applications across the combined offering.
Property Size4,403 SF
Price / SF$1.25
Days on Market49
Property Features for 573 and 609 Jefferson Hwy
General Information
Standard status
Active
Size
4,403 SF
Property subtype
Office
Zoning
Mixed-Use
Lease Type
Modified Gross
Site & Location
Neighborhood
Goodwood
Amenities
Vacant
Building Details
Tenancy
Single Tenant
Listing Agency:
Hammett Group Real Estate, LLC
Listed By:
Grey Hammett III
(225) 936-2551
Source:
Lacdb.resimplifi
Added: Sep 14
Changed: Oct 30
Last Checked: Nov 1 at 2:13AM
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 Hammett Group Real Estate, LLC
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Investment Insights
Based on property information with market context.
This offering combines two commercial buildings at 573 and 609 Jefferson Hwy with approximately 5,653 square feet overall. The larger building contains approximately 4,403 square feet, while the second provides approximately 1,250 square feet. Together, the properties create a flexible office-oriented configuration with separate structures that can support different operational areas under one ownership or lease arrangement.
The buildings occupy the corner of Jefferson Highway and Government Street in Baton Rouge, providing exposure from a high-traffic intersection and convenient access for customers, employees, and deliveries. Mixed-Use zoning allows a range of business applications. The combined properties are available together for sale or lease.
The buildings occupy the corner of Jefferson Highway and Government Street in Baton Rouge, providing exposure from a high-traffic intersection and convenient access for customers, employees, and deliveries. Mixed-Use zoning allows a range of business applications. The combined properties are available together for sale or lease.
Key Highlights
- Approximately 5,653 Sq Ft across two buildings
- 573 Jefferson Hwy building measures approximately 4,403 Sq Ft
- 609 Jefferson Hwy building adds approximately 1,250 Sq Ft
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,212
Suggested Prices Based on Cap Rates
Cap Rate 5%
$824,240
$824.2K
Cap Rate 7%
$588,743
$588.7K
Cap Rate 9%
$457,911
$457.9K
Market Conditions
NOI Build-Up for 4,403 SF
Gross rent
$68.7K $15.60/SF
− Vacancy
−$2.7K −$0.62/SF
EGI
$65.9K $14.98/SF
− OpEx
−$24.7K −$5.62/SF
NOI
$41.2K $9.36/SF
Area
Baton Rouge, LA
Vacancy
4.00%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$824,240
Cap Rate 7%
$588,743
Cap Rate 9%
$457,911
Alternative Uses
Best Use
Office B
$601.6K
$526.4K – $701.9K
NOI $42,114 @ 7.0% cap · market cap 765.71%
Second Best
Mixed Use
$588.7K
$515.2K – $686.9K
NOI $41,212 @ 7.0% cap · market cap 749.31%
Theoretical Best
Specialty Retail
$1.05M
$922.7K – $1.23M
NOI $73,813 @ 7.0% cap · market cap 1,342.05%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
899
Businesses Nearby
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Mixed-Use zoning permits a range of business applications across the combined offering.
Where is this office building located?
The property is located at 573 and 609 Jefferson Hwy Baton Rouge, LA.
What are key features of this property?
This property features: Approximately 5,653 Sq Ft across two buildings; 573 Jefferson Hwy building measures approximately 4,403 Sq Ft; 609 Jefferson Hwy building adds approximately 1,250 Sq Ft
