Modern Office Building with
640 Main St Baton Rouge, LA 70802
640 Main St, Baton Rouge, LA, 70802
$1,400,000
For Sale
$1,400,000
Modern office building divided into three suites, with two leased and one currently available.
Property Size6,304 SF
Price / SF$222.08
Days on Market52
Property Features for 640 Main St
General Information
- Standard status
- Active
- Size
- 6,304 SF
- Property subtype
- Office
Listing agency
(985) 974-8301
Listed by
Fabian Edwards, JD/DCL
(985) 974-8301
Source
Elifinrealty
Added: Jun 1 Updated: Jul 22 at 1:57AM Checked: Jul 22 at 4:59AM
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 Fabian Edwards, JD/DCL
Investment Insights
Based on property information with market context.
Now available for sale, 640 Main St is a modern office building totaling 6,304 SF and divided into three separate suites. Two of the suites are currently leased, and one suite remains available for lease.
The property is described as being in a prime downtown location near key cultural landmarks, with State Capitol approximately 3 minutes away.
Financial information is available upon request.
The property is described as being in a prime downtown location near key cultural landmarks, with State Capitol approximately 3 minutes away.
Financial information is available upon request.
Key Highlights
- 6,304 SF modern office building divided into three suites
- Two suites currently leased; one suite available for lease
- Prime downtown location near key cultural landmarks
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $82.5k | $13.08 |
| − Vacancy | −$2.1k | −$0.33 |
| EGI | $80.4k | $12.75 |
| − OpEx | −$20.1k | −$3.19 |
| NOI | $60.3k | $9.56 |
6,304 SF · lease $13.08/SF/yr · vacancy 2.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$861.4K
$753.7K – $1.00M
NOI $60,296 @ 7.0% cap · market cap 4.31%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.51M
$1.32M – $1.76M
NOI $105,683 @ 7.0% cap · market cap 7.55%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Chenevert Architects LLC
Architecture Firm
ELIFIN®
Real Estate Agency
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Modern office building divided into three suites, with two leased and one currently available.
Where is this office building located?
The property is located at 640 Main St Baton Rouge, LA.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: 6,304 SF modern office building divided into three suites; Two suites currently leased; one suite available for lease; Prime downtown location near key cultural landmarks
