Standalone Office
For Sale
$175,000
Pending
608 Rapides St, Baton Rouge, LA 70806
Two offices, an adaptable open room, and a restroom support a compact professional layout.
Property Size900 SF
Days on Market299
Property Features for 608 Rapides St
General Information
Standard status
Pending
Size
900 SF
Property subtype
Office
Zoning
B1
Additional Details
Road Access
Yes
Building Details
Buildings
1
Listing Agency:
Stirling Baton Rouge
(225) 907-6232
Listed By:
Joey Canella
(225) 907-6232
Source:
Lacdb.resimplifi
Added: Nov 5, 2025
Changed: Aug 28
Last Checked: Aug 29 at 5:59AM
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 Stirling Baton Rouge
Investment Insights
Based on property information with market context.
This 900-square-foot standalone office property includes two enclosed offices, an open room, and one restroom. The flexible central area can accommodate reception, workstations, or meetings, depending on the occupant’s needs. A long concrete driveway and a rear concrete pad provide existing paved areas, while additional open space is available in both the front and back yards.
The property is at 608 Rapides St in Baton Rouge, with access to both Government St and Jefferson Hwy. Restaurants in the Mid City area are within walking distance. B1 zoning permits office use, medical clinics, art studios, antique shops, and other stated uses.
The property is at 608 Rapides St in Baton Rouge, with access to both Government St and Jefferson Hwy. Restaurants in the Mid City area are within walking distance. B1 zoning permits office use, medical clinics, art studios, antique shops, and other stated uses.
Key Highlights
- 900 SF standalone office building
- Floor plan includes 2 offices, an open room, and a restroom
- Long concrete driveway and rear concrete pad
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$8,608
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.92%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$172,160
$172.2K
Cap Rate 7%
$122,971
$123.0K
Cap Rate 9%
$95,644
$95.6K
Market Conditions
NOI Build-Up for 900 SF
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.
Gross rent
$11.8K $13.08/SF
− Vacancy
−$294 −$0.33/SF
EGI
$11.5K $12.75/SF
− OpEx
−$2.9K −$3.19/SF
NOI
$8.6K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$172,160
Cap Rate 7%
$122,971
Cap Rate 9%
$95,644
Alternative Uses
Best Use
Office B
$123.0K
$107.6K – $143.5K
NOI $8,608 @ 7.0% cap · market cap 4.92%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$215.5K
$188.6K – $251.5K
NOI $15,088 @ 7.0% cap · market cap 8.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
973
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Two offices, an adaptable open room, and a restroom support a compact professional layout.
Where is this office building located?
The property is located at 608 Rapides St Baton Rouge, LA.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: 900 SF standalone office building; Floor plan includes 2 offices, an open room, and a restroom; Long concrete driveway and rear concrete pad
