Quail Oaks Atrium Office
For Sale
Contact for pricing
6160 Perkins Road, Baton Rouge, LA 70808
Premier Class B office building in a desirable Baton Rouge location.
Property Size20,788 SF
Price / SF$117.86
Days on Market112
Property Features for 6160 Perkins Road
General Information
Standard status
Active
Size
20,788 SF
Property subtype
Office
Zoning
C-AB-2 Commercial Alcoholic Beverage
Occupancy
93%
Investment Type
Stabilized
Net Operating Income
$164,265
Building Details
Year Built
2019
Year Renovated
2022
Stories
2
Tenancy
Single
Listing Agency:
Momentum Commercial Real Estate
Listed By:
Charlie Colvin · License #LA
(225) 237-3343
Source:
Crexi
Added: May 14
Changed: Aug 31
Last Checked: Sep 1 at 7:59PM
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 Momentum Commercial Real Estate
Investment Insights
Based on property information with market context.
Quail Oaks Atrium, located at 6160 Perkins Road in Baton Rouge, LA, is a Class B office building situated in a highly visible and desirable commercial corridor. The property features an interior atrium and multiple office suites, creating a professional environment suitable for various office users, including professional practices and executive or corporate tenants. The building has undergone significant capital improvements, including upgraded HVAC systems and a refreshed exterior façade and landscaping. Historically, the property has maintained consistently high occupancy levels. The location on Perkins Road, between College Drive and Essen Lane, places it in a thriving retail, medical, and office corridor. It offers easy access to Perkins Road, College Drive, Bluebonnet Boulevard, and nearby interstate connections (I-10 / I-12), providing connectivity to the Greater Baton Rouge region. The property's design makes it an inviting environment for a variety of office users.
Key Highlights
- Highly visible, well‑positioned Class B office building in a desirable commercial corridor.
- Strategic location on Perkins Road with easy access to major thoroughfares and interstates (I‑10/I‑12).
- Recent capital improvements including upgraded HVAC systems, refreshed exterior façade and landscaping.
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
$198,832
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
8.12%
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%
$3,976,640
$4.0M
Cap Rate 7%
$2,840,457
$2.8M
Cap Rate 9%
$2,209,244
$2.2M
Market Conditions
NOI Build-Up for 20,788 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
$271.9K $13.08/SF
− Vacancy
−$6.8K −$0.33/SF
EGI
$265.1K $12.75/SF
− OpEx
−$66.3K −$3.19/SF
NOI
$198.8K $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%
$3,976,640
Cap Rate 7%
$2,840,457
Cap Rate 9%
$2,209,244
Alternative Uses
Best Use
Office B
$2.84M
$2.49M – $3.31M
NOI $198,832 @ 7.0% cap · market cap 8.12%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.98M
$4.36M – $5.81M
NOI $348,498 @ 7.0% cap · market cap 14.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
439
Businesses Nearby
Explore this area
Business Placement
Demographics for 70808, LA
32,510
Population
18,833
Households
1.7
Avg Household Size
35
Median Age
65%
College-Educated
97%
High-School Grad
12.0 sq mi
ZIP Area
2,709
Density / Sq Mi
$69,078
Median Household Income
$41,162
Median Earnings
$1,283
Median Rent
$392,600
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Premier Class B office building in a desirable Baton Rouge location.
Where is this office building located?
The property is located at 6160 Perkins Road Baton Rouge, LA.
What is the asking price?
The asking price for this property is $2,450,000.
What are key features of this property?
This property features: Highly visible, well‑positioned Class B office building in a desirable commercial corridor.; Strategic location on Perkins Road with easy access to major thoroughfares and interstates (I‑10/I‑12).; Recent capital improvements including upgraded HVAC systems, refreshed exterior façade and landscaping.
