Two-Story Medical Office
For Sale
$875,000
7434 Picardy Ave, Baton Rouge, LA 70808
Two-story medical office building in the Baton Rouge Medical District, 100% leased to a behavioral health clinic.
Property Size5,800 SF
Price / SF$150.86
Days on Market100
Property Features for 7434 Picardy Ave
General Information
Standard status
Active
Size
5,800 SF
Total Parking Spaces
27
Property subtype
Investment
Zoning
C2
Occupancy
100%
Site & Location
Neighborhood
Pollard / Woodchase
Amenities
27 Parking Spaces
Building Details
Buildings
1
Stories
2
Tenancy
Single
Listing Agency:
Kurz & Hebert
Listed By:
Colin Smith
(225) 925-0600
Source:
Lacdb.resimplifi
Added: Jul 23
Changed: Oct 25
Last Checked: Oct 30 at 10:41AM
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.
Two-story office building inside the Baton Rouge Medical District, built in 1985. The property is 100% leased to a single tenant behavioral health clinic.
The current lease has two years remaining on the primary term, with an option to extend for an additional three years.
This configuration supports straightforward single-tenant operation with a defined near-term lease horizon and a tenant extension option.
The current lease has two years remaining on the primary term, with an option to extend for an additional three years.
This configuration supports straightforward single-tenant operation with a defined near-term lease horizon and a tenant extension option.
Key Highlights
- Two‑story medical office building built in 1985
- Located inside the Baton Rouge Medical District
- 100% leased to a single tenant behavioral health clinic
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,833
Cap Rate
6.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,116,660
$1.1M
Cap Rate 7%
$797,614
$797.6K
Cap Rate 9%
$620,367
$620.4K
Market Conditions
NOI Build-Up for 5,800 SF
Gross rent
$97.4K $16.80/SF
− Vacancy
−$4.4K −$0.76/SF
EGI
$93.1K $16.04/SF
− OpEx
−$37.2K −$6.42/SF
NOI
$55.8K $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%
$1,116,660
Cap Rate 7%
$797,614
Cap Rate 9%
$620,367
Alternative Uses
Best Use
Healthcare Medical
$797.6K
$697.9K – $930.6K
NOI $55,833 @ 7.0% cap · market cap 6.38%
Second Best
Office B
$792.5K
$693.5K – $924.6K
NOI $55,476 @ 7.0% cap · market cap 6.34%
Theoretical Best
Specialty Retail
$1.39M
$1.22M – $1.62M
NOI $97,233 @ 7.0% cap · market cap 11.11%
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
100%
Occupancy
Single-tenant
Tenancy
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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Medical Office Space - Two-story medical office building in the Baton Rouge Medical District, 100% leased to a behavioral health clinic.
Where is this medical office space located?
The property is located at 7434 Picardy Ave Baton Rouge, LA.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Two‑story medical office building built in 1985; Located inside the Baton Rouge Medical District; 100% leased to a single tenant behavioral health clinic
