Modern Office Building with
For Sale
$1,400,000
640 Main St, Baton Rouge, LA 70802
Modern office building divided into three suites, with two leased and one currently available.
Property Size6,304 SF
Price / SF$222.08
Days on Market143
Property Features for 640 Main St
General Information
Standard status
Active
Size
6,304 SF
Class
B
Property subtype
Office
Additional Details
Office Units
3
Building Details
Building Size
6,304 SF
Listed By:
Fabian Edwards, JD/DCL
(985) 974-8301
Source:
Elifinrealty
Added: Jun 1
Changed: Oct 5
Last Checked: Oct 20 at 6:24PM
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
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Review the available facts, identify missing information and prepare questions for the agent.
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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,296
Cap Rate
4.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,205,920
$1.2M
Cap Rate 7%
$861,371
$861.4K
Cap Rate 9%
$669,956
$670.0K
Market Conditions
NOI Build-Up for 6,304 SF
Gross rent
$82.5K $13.08/SF
− Vacancy
−$2.1K −$0.33/SF
EGI
$80.4K $12.75/SF
− OpEx
−$20.1K −$3.19/SF
NOI
$60.3K $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%
$1,205,920
Cap Rate 7%
$861,371
Cap Rate 9%
$669,956
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 authorities.
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Current Use
Lease Details
3
Office units
Location Intelligence
Trade Area within ½ mile
2,600
Businesses Nearby
Explore this area
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 - 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
