Freestanding Medical Office
7414 Picardy Ave, Baton Rouge, LA 70808
For Sale
$995,000
Two suites can remain separate or be combined for a single occupant, with layouts designed for medical practice.
Property Size4,500 SF
Lot Size0.57 Acres
Price / SF$221.11
Days on Market118
Property Features for 7414 Picardy Ave
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Zoning
Site & Location
Neighborhood
Road Access
Additional Details
Office Units
Property Use
Amenities
monument signs
27 Parking Spaces
Building Details
Buildings
Tenancy
Building Size
Listing Agency:
Beau Box Commercial Real Estate
Listed By:
Bryant Butler · License LA SALE.995706731-ACT
(225) 237-3343
Source:
Lacdb.resimplifi
Added: Jul 16
Changed: Nov 9
Last Checked: Aug 26 at 12:18PM
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 Beau Box Commercial Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 4,500-square-foot freestanding medical office is divided into two suites of approximately 2,521 and 1,979 square feet, with the option to reconfigure for one occupant. Suite 1 includes reception and waiting space, four exam rooms, three offices, an X-ray room, nurse station, kitchen and two restrooms. Suite 2 has reception, six exam rooms, an office, nurse station, medical storage, kitchen and two restrooms. The building can also accommodate general office use. The property occupies approximately 0.57 acres and has 27 parking spaces.
At the corner of Picardy Avenue and Dijon Drive in Baton Rouge’s Health District, the property has monument signs facing both streets. Perkins Road and Essen Lane are nearby, and the location is near Our Lady of the Lake Regional Medical Center and Baton Rouge General, along with medical and office uses.
At the corner of Picardy Avenue and Dijon Drive in Baton Rouge’s Health District, the property has monument signs facing both streets. Perkins Road and Essen Lane are nearby, and the location is near Our Lady of the Lake Regional Medical Center and Baton Rouge General, along with medical and office uses.
Key Highlights
- 4,500 SF freestanding building on approximately 0.57 acres
- Two suites: approximately 2,521 SF and 1,979 SF; reconfiguration for one occupant is possible
- Medical layouts include 10 exam rooms, 4 offices, an X‑ray room, nurse stations and medical storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,319
Cap Rate
4.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$866,380
$866.4K
Cap Rate 7%
$618,843
$618.8K
Cap Rate 9%
$481,322
$481.3K
Market Conditions
NOI Build-Up for 4,500 SF
Gross rent
$75.6K $16.80/SF
− Vacancy
−$3.4K −$0.76/SF
EGI
$72.2K $16.04/SF
− OpEx
−$28.9K −$6.42/SF
NOI
$43.3K $9.63/SF
Area
Baton Rouge, LA
Vacancy
4.50%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$866,380
Cap Rate 7%
$618,843
Cap Rate 9%
$481,322
Alternative Uses
Best Use
Healthcare Medical
$618.8K
$541.5K – $722.0K
NOI $43,319 @ 7.0% cap · market cap 4.35%
Second Best
Office B
$614.9K
$538.0K – $717.4K
NOI $43,041 @ 7.0% cap · market cap 4.33%
Theoretical Best
Specialty Retail
$1.08M
$943.0K – $1.26M
NOI $75,440 @ 7.0% cap · market cap 7.58%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
2
Office units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,620
Businesses Nearby
Under-served
Demand for This Use
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
$392,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Medical Office Space in Baton Rouge, LA
Properties on Market for Medical Office Space in Baton Rouge
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Medical Office Space - Two suites can remain separate or be combined for a single occupant, with layouts designed for medical practice.
Where is this medical office space located?
The property is located at 7414 Picardy Ave Baton Rouge, LA.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: 4,500 SF freestanding building on approximately 0.57 acres; Two suites: approximately 2,521 SF and 1,979 SF; reconfiguration for one occupant is possible; Medical layouts include 10 exam rooms, 4 offices, an X‑ray room, nurse stations and medical storage
