Office Building with Open
For Sale
$878,400
660 Government St, Baton Rouge, LA 70802
C2-zoned office property with open collaborative areas, private offices, and amenities across both floors.
Property Size4,392 SF
Price / SF$200
Days on Market276
Property Features for 660 Government St
General Information
Standard status
Active
Size
4,392 SF
Property subtype
Office
Zoning
C2
Additional Details
Road Access
Yes
Amenities
conference room
kitchenette
Vacant
Building Details
Year Built
1976
Buildings
1
Stories
2
Building Size
4,392 SF
Construction
cinder block
Listing Agency:
Kurz & Hebert
Listed By:
Judah Vedros · License #995701739
(225) 925-0600
Source:
Lacdb.resimplifi
Added: Jan 13
Changed: Oct 5
Last Checked: Oct 16 at 5:51AM
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 Kurz & Hebert
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Investment Insights
Based on property information with market context.
The 4,392-square-foot office building offers a flexible arrangement of large open work areas paired with individual offices on both floors. Men’s and women’s restrooms are provided on each level, along with a conference room and kitchenette. Cinder block construction and concrete-and-metal-frame staircases serve the front and rear portions of the building.
Built in 1976, the property is located on Government Street near Downtown Baton Rouge. The building was most recently used by a law office, and the owner will consider a lease with a qualified tenant in addition to a sale. C2 zoning supports its current office configuration.
Built in 1976, the property is located on Government Street near Downtown Baton Rouge. The building was most recently used by a law office, and the owner will consider a lease with a qualified tenant in addition to a sale. C2 zoning supports its current office configuration.
Key Highlights
- 4,392 SF office building on Government Street
- Open work areas and individual offices on both floors
- Men’s and women’s restrooms located on each floor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,008
Cap Rate
4.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$840,160
$840.2K
Cap Rate 7%
$600,114
$600.1K
Cap Rate 9%
$466,756
$466.8K
Market Conditions
NOI Build-Up for 4,392 SF
Gross rent
$57.4K $13.08/SF
− Vacancy
−$1.4K −$0.33/SF
EGI
$56.0K $12.75/SF
− OpEx
−$14.0K −$3.19/SF
NOI
$42.0K $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%
$840,160
Cap Rate 7%
$600,114
Cap Rate 9%
$466,756
Alternative Uses
Best Use
Office B
$600.1K
$525.1K – $700.1K
NOI $42,008 @ 7.0% cap · market cap 4.78%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.05M
$920.4K – $1.23M
NOI $73,629 @ 7.0% cap · market cap 8.38%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,405
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - C2-zoned office property with open collaborative areas, private offices, and amenities across both floors.
Where is this office building located?
The property is located at 660 Government St Baton Rouge, LA.
What is the asking price?
The asking price for this property is $878,400.
What are key features of this property?
This property features: 4,392 SF office building on Government Street; Open work areas and individual offices on both floors; Men’s and women’s restrooms located on each floor
