Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    7414 Picardy Avenue Baton Rouge, LA 70808

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $17 SF/Yr

    4,671 SF medical office space for sale or lease.

    Type:Healthcare
    Property size:
    4,671 SF
    Added:
    Mar 25, 2026
    Days on Market:
    10
    Last Refresh:
    Mar 18 at 8:32 am

    Property Features for 7414 Picardy Avenue

    General Information

    Standard status
    Active
    Size
    4,671 SF
    Property subtype
    Healthcare

    We can help!

    Listing Contact
    Jake Loach

    Listing agent Jake Loach

    Listing office

    Listing date Mar 25, 2026

    Source Cbre

    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 Jake Loach

    Overview

    Medical Office in Medical District

    This approximately 4,671 square foot medical office is available for sale or lease. Located in the heart of the Medical District at the corner of Picardy Ave and Dijon Drive in Baton Rouge, LA, the property is in close proximity to Our Lady of the Lake Hospital, Baton Rouge General, and other major medical systems. The space includes approximately 15 offices, two kitchenettes, two reception areas, and an existing X-ray room. The owner currently occupies one suite but plans to vacate at the end of 2025.
    Location Intelligence

    Current Use by Public Records

    Center Orthopaedics & Sports Physician Dr. Ronald D. ... Physician Gretchen Donnes PA-C Physician Piper Estep Physician Holly Walker Physician

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Baton Rouge
    County
    East Baton Rouge
    State
    Louisiana
    Longitude
    -91.1129407
    Latitude
    30.4006679

    Nearby Similar for Lease

    • Contact for pricing

      Turnkey Office Suite in Baton Rouge

      Centrally located, 2,800 SF suite ideal for medical or professional use.
      4747 Oneal Ln, Baton Rouge, LA 70817
      View Details
    • Contact for pricing

      Secured Retail Space on Florida

      600 SF retail space with security features on Florida Blvd.
      8700 Florida Blvd, Baton Rouge, LA 70815
      View Details
    • Contact for pricing

      Secured Retail Space on Florida

      600 SF commercial space with security features on Florida Blvd.
      8700 Florida Blvd, Baton Rouge, LA 70815
      View Details
    • Contact for pricing

      Baton Rouge Office Suite Rental

      Well-maintained office suite available for rent in Baton Rouge.
      9654 Brookline Ave, Baton Rouge, LA 70809
      View Details
    • Contact for pricing

      Baton Rouge Office Suite Rental

      Well-maintained office suite for rent in Baton Rouge, LA.
      9654 Brookline Ave, Baton Rouge, LA 70809
      View Details
    • Contact for pricing

      Retail Space on Coursey Boulevard

      Prime retail location with reception, offices, restroom, and kitchen.
      11924 Coursey Bl, Baton Rouge, LA 70816
      View Details
    • Contact for pricing

      Baton Rouge Office Suite

      Office suite featuring four offices and a reception area.
      3084 Westfork Dr, Baton Rouge, LA 70816
      View Details
    • Contact for pricing

      Office Space in Baton Rouge

      Professional office space for rent in Baton Rouge, Louisiana.
      4100 S Sherwood Forest Blvd, Baton Rouge, LA 70816
      View Details
    • Contact for pricing

      Stand-Alone Office Building For Rent

      Stand-alone office building with two connecting suites available for lease.
      11823 Market Pl, Baton Rouge, LA 70816
      View Details
    • $21/mo

      Class A Office Space Available

      Class A office building with ample parking and on-site management.
      8550 United Plaza Blvd, Baton Rouge, LA 70809
      View Details
    • Contact for pricing

      LA, Baton Rouge - Downtown - One American Place

      301 Main St, Unit 2200, Baton Rouge, LA 70802
      View Details
    • Sponsored
      Contact for pricing

      LA, Baton Rouge - 10202 Perkins Rowe

      10202 Perkins Rowe, Unit E-160, Baton Rouge, LA 70810
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - 4,671 SF medical office space for sale or lease.
    Where is this medical office space located?
    The property is located at 7414 Picardy Avenue Baton Rouge, LA.
    What is the lease rate?
    The lease rate is $17 SF/Yr.
    What are key features of this property?
    This property features: Prime location in the heart of the Medical District on the corner of Picardy Ave and Dijon Drive.; Close proximity to Our Lady of the Lake Hospital, Baton Rouge General, and other major medical systems.; Approximately 4,671 SF of medical office space.
    (256) 724-2764
    We can help!
    Listing Contact
    Jake Loach
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!