Historic Cottage Office
For Sale
$267,000
614 Europe St, Baton Rouge, LA 70802
Character-rich property with private parking, updated systems, and a layout suited to professional office use.
Property Size1,508 SF
Price / SF$177.06
Days on Market84
Property Features for 614 Europe St
General Information
Standard status
Active
Size
1,508 SF
Listing Agency:
LPT Realty, LLC
Listed By:
Sharon Dallalio
(225) 907-6405
Source:
Smithsquared
Added: Jul 26
Changed: Oct 9
Last Checked: Oct 16 at 1:09PM
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 LPT Realty, LLC
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Investment Insights
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This 1,508-square-foot cottage offers a distinctive office setting with two bedrooms, one bathroom, hardwood flooring, and original fireplaces. The property has previously served as a law office and is currently used as a residence. Its B-1 zoning and existing residential configuration provide a basis for professional office occupancy, subject to applicable requirements.
Located at 614 Europe St in Baton Rouge’s historic Beauregard Town, the property is within downtown Baton Rouge. Parking includes a private area along with available street parking. The roof is 3 years old, and the building has a tankless water heater plus updated electrical and plumbing systems.
Located at 614 Europe St in Baton Rouge’s historic Beauregard Town, the property is within downtown Baton Rouge. Parking includes a private area along with available street parking. The roof is 3 years old, and the building has a tankless water heater plus updated electrical and plumbing systems.
Key Highlights
- 1,508 SF cottage in historic Beauregard Town
- B‑1 zoning with prior law office use
- Two bedrooms and one bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,424
Cap Rate
5.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$288,480
$288.5K
Cap Rate 7%
$206,057
$206.1K
Cap Rate 9%
$160,267
$160.3K
Market Conditions
NOI Build-Up for 1,508 SF
Gross rent
$19.7K $13.08/SF
− Vacancy
−$493 −$0.33/SF
EGI
$19.2K $12.75/SF
− OpEx
−$4.8K −$3.19/SF
NOI
$14.4K $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%
$288,480
Cap Rate 7%
$206,057
Cap Rate 9%
$160,267
Alternative Uses
Best Use
Office B
$206.1K
$180.3K – $240.4K
NOI $14,424 @ 7.0% cap · market cap 5.40%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$361.2K
$316.0K – $421.4K
NOI $25,281 @ 7.0% cap · market cap 9.47%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,579
Businesses Nearby
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Business Placement
Demographics for 70802, LA
26,519
Population
13,887
Households
1.9
Avg Household Size
29
Median Age
24%
College-Educated
82%
High-School Grad
7.1 sq mi
ZIP Area
3,735
Density / Sq Mi
$34,082
Median Household Income
$23,215
Median Earnings
$935
Median Rent
$105,100
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 - Character-rich property with private parking, updated systems, and a layout suited to professional office use.
Where is this office building located?
The property is located at 614 Europe St Baton Rouge, LA.
What is the asking price?
The asking price for this property is $267,000.
What are key features of this property?
This property features: 1,508 SF cottage in historic Beauregard Town; B‑1 zoning with prior law office use; Two bedrooms and one bathroom
