Garden Office
For Sale
Contact for pricing
6715 Perkins Rd, Baton Rouge, LA 70808
Class A office building with reception, conference room, kitchen, and six offices plus ample parking.
Property Size1,914 SF
Price / SF$258.62
Days on Market98
Property Features for 6715 Perkins Rd
General Information
Standard status
Active
Size
1,914 SF
Class
A
Property subtype
Office
Zoning
B1 (Transitional)
Investment Type
Owner/User
Additional Details
Highway Access
Yes
Office Units
6
Listing Agency:
Saurage Rotenberg Commercial Real Estate
Listed By:
Mike Stinson, CCIM · License #LA SALE.0000071948-ACT
Source:
Crexi
Added: Jun 3
Changed: Sep 4
Last Checked: Sep 7 at 8:50AM
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 Saurage Rotenberg Commercial Real Estate
Investment Insights
Based on property information with market context.
This Class A garden office building includes a reception area, kitchen, conference room, and five private offices, with one additional office sized to allow for installing a wall, creating a total of six offices. The space also features high-end finishes, two restrooms, and two separate entrances. Some furniture may be available to stay at the buyer’s request.
The property is located in Moss Side Place Office Park on Perkins Rd in Baton Rouge, LA. It offers ample parking and is positioned immediately across the street from Pennington Biomedical, with proximity to BR Clinic, OLOL, Essen, and Interstate 10.
Designed for professional office use, the layout supports a receptionist-focused entry experience and a dedicated conference room for meetings and client visits. Multiple offices provide flexible space for teams, while the additional restrooms and two entrances can help support day-to-day operations for an owner-occupied user or a tenant seeking a turnkey office environment.
The property is located in Moss Side Place Office Park on Perkins Rd in Baton Rouge, LA. It offers ample parking and is positioned immediately across the street from Pennington Biomedical, with proximity to BR Clinic, OLOL, Essen, and Interstate 10.
Designed for professional office use, the layout supports a receptionist-focused entry experience and a dedicated conference room for meetings and client visits. Multiple offices provide flexible space for teams, while the additional restrooms and two entrances can help support day-to-day operations for an owner-occupied user or a tenant seeking a turnkey office environment.
Key Highlights
- Class A garden office building in Moss Side Place Office Park
- Reception area, kitchen, and conference room, plus 6 offices (5 private offices with one office sized to install a wall)
- Two entrances and 2 restrooms for improved access and convenience
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
$18,307
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
3.70%
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%
$366,140
$366.1K
Cap Rate 7%
$261,529
$261.5K
Cap Rate 9%
$203,411
$203.4K
Market Conditions
NOI Build-Up for 1,914 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
$25.0K $13.08/SF
− Vacancy
−$626 −$0.33/SF
EGI
$24.4K $12.75/SF
− OpEx
−$6.1K −$3.19/SF
NOI
$18.3K $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 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%
$366,140
Cap Rate 7%
$261,529
Cap Rate 9%
$203,411
Alternative Uses
Best Use
Office B
$261.5K
$228.8K – $305.1K
NOI $18,307 @ 7.0% cap · market cap 3.70%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$458.4K
$401.1K – $534.8K
NOI $32,087 @ 7.0% cap · market cap 6.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
6
Office units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,415
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 - Class A office building with reception, conference room, kitchen, and six offices plus ample parking.
Where is this office building located?
The property is located at 6715 Perkins Rd Baton Rouge, LA.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Class A garden office building in Moss Side Place Office Park; Reception area, kitchen, and conference room, plus 6 offices (5 private offices with one office sized to install a wall); Two entrances and 2 restrooms for improved access and convenience
