Renovated First-Floor Office
For Sale
$425,000
7423 Picardy Ave., Baton Rouge, LA 70808
Configured with reception, private offices, restrooms, a kitchenette, and ample parking.
Property Size3,000 SF
Price / SF$141.67
Days on Market421
Property Features for 7423 Picardy Ave.
General Information
Standard status
Active
Size
3,000 SF
Property subtype
Office
Zoning
C2
Additional Details
Floor
First Floor
Gross Income
$24,000
Highway Access
Yes
Office Units
2
Amenities
Reception/Lobby
Private Offices
2 Restrooms
Kitchenette
ADA Compliant
Vacant
Building Details
Tenancy
Multi
Listing Agency:
Saurage Rotenberg Commercial Real Estate, LLC
Listed By:
Jack Herrington · License #SALE.0995693154-ACT
(610) 563-9046
Source:
Lacdb.resimplifi
Added: Aug 21, 2025
Changed: Oct 8
Last Checked: Oct 14 at 7:50PM
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, LLC
Investment Insights
Based on property information with market context.
This renovated office condominium offering includes two first-floor suites totaling approximately 3,000 SF. Suite B contains approximately 2,000 SF and is identified as available, while Suite C contains approximately 1,000 SF and is identified as leased through 4/30/2031. The layout includes a reception and lobby area, private offices, two restrooms, and a kitchenette. The property is ADA compliant and provides ample parking.
The office units occupy the hard corner of Picardy Ave. and Dijon Dr. at 7423 Picardy Ave. in Baton Rouge. The surrounding medical context includes Ochsner, Baton Rouge General, Our Lady of the Lake, Mary Bird Perkins Cancer Center, and Our Lady of the Lake Children's Hospital. Enhanced access is available from the Bluebonnet Blvd. road serving Our Lady of the Lake Children's Hospital, with interstate connectivity to I-10 and I-12 via Essen Lane.
The office units occupy the hard corner of Picardy Ave. and Dijon Dr. at 7423 Picardy Ave. in Baton Rouge. The surrounding medical context includes Ochsner, Baton Rouge General, Our Lady of the Lake, Mary Bird Perkins Cancer Center, and Our Lady of the Lake Children's Hospital. Enhanced access is available from the Bluebonnet Blvd. road serving Our Lady of the Lake Children's Hospital, with interstate connectivity to I-10 and I-12 via Essen Lane.
Key Highlights
- Two first‑floor office condo suites totaling +/- 3,000 SF
- Suite B: +/- 2,000 SF and identified as available
- Suite C: +/- 1,000 SF; leased through 4/30/2031
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,879
Cap Rate
6.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$577,580
$577.6K
Cap Rate 7%
$412,557
$412.6K
Cap Rate 9%
$320,878
$320.9K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$50.4K $16.80/SF
− Vacancy
−$2.3K −$0.76/SF
EGI
$48.1K $16.04/SF
− OpEx
−$19.3K −$6.42/SF
NOI
$28.9K $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%
$577,580
Cap Rate 7%
$412,557
Cap Rate 9%
$320,878
Alternative Uses
Best Use
Healthcare Medical
$412.6K
$361.0K – $481.3K
NOI $28,879 @ 7.0% cap · market cap 6.80%
Second Best
Office B
$409.9K
$358.7K – $478.2K
NOI $28,694 @ 7.0% cap · market cap 6.75%
Theoretical Best
Specialty Retail
$718.5K
$628.7K – $838.2K
NOI $50,293 @ 7.0% cap · market cap 11.83%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Office units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,532
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 units - Configured with reception, private offices, restrooms, a kitchenette, and ample parking.
Where is this office units located?
The property is located at 7423 Picardy Ave. Baton Rouge, LA.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Two first‑floor office condo suites totaling +/- 3,000 SF; Suite B: +/- 2,000 SF and identified as available; Suite C: +/- 1,000 SF; leased through 4/30/2031
