Two-Story Medical Office
For Sale
Contact for pricing
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 Market10
Property Features for 7434 PICARDY AVE
General Information
Standard status
Active
Size
5,800 SF
Property subtype
Office
Occupancy
100%
Building Details
Year Built
1985
Buildings
1
Stories
2
Tenancy
Single
Listing Agency:
Kurz & Hebert
(225) 925-0600
Listed By:
Colin Smith · License #LA
Source:
Crexi
Added: Jul 23
Changed: Jul 29
Last Checked: Aug 1 at 11:15AM
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
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 For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $97.4k | $16.80 |
| − Vacancy | −$4.4k | −$0.76 |
| EGI | $93.1k | $16.04 |
| − OpEx | −$37.2k | −$6.42 |
| NOI | $55.8k | $9.63 |
5,800 SF · lease $16.80/SF/yr · vacancy 4.50% · expense 40.00%
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.
Property 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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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
