Office Building with Backup
8485 Goodwood Boulevard, Baton Rouge, LA 70806
For Sale
New
$5,500,000
An open-plan interior with existing cubicles can also be arranged to include private offices.
Property Size25,486 SF
Lot Size4.56 Acres
Price / SF$215.80
Days on Market2
Property Features for 8485 Goodwood Boulevard
General Information
Standard status
Size
Class
Total Parking Spaces
Lot size
Property subtype
Site & Location
Neighborhood
Additional Details
Property Use
Amenities
backup generator
emergency power grid
Building Details
Year Built
Buildings
Building Size
Listing Agency:
Lee & Associates
Listed By:
Bill Sanders, SIOR, CCIM · License LA #995681354
(225) 247-6648
Source:
Lee-associates
Added: Nov 8
Last Checked: Nov 8 at 4:28PM
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 Lee & Associates
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 25,486-square-foot office building occupies 4.56 acres and was constructed in 2010. Its primarily open interior has existing cubicles, with flexibility for additional private offices. Backup generation and emergency power grid support are installed.
The property has 235 parking spaces and sits at the corner of Goodwood Boulevard and Connell’s Park Lane in Baton Rouge. The layout is described as capable of accommodating future vertical and horizontal expansion.
The property has 235 parking spaces and sits at the corner of Goodwood Boulevard and Connell’s Park Lane in Baton Rouge. The layout is described as capable of accommodating future vertical and horizontal expansion.
Key Highlights
- 25,486‑square‑foot office building on 4.56 acres
- Constructed in 2010
- 235 parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$243,767
Cap Rate
4.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,875,340
$4.9M
Cap Rate 7%
$3,482,386
$3.5M
Cap Rate 9%
$2,708,522
$2.7M
Market Conditions
NOI Build-Up for 25,486 SF
Gross rent
$333.4K $13.08/SF
− Vacancy
−$8.3K −$0.33/SF
EGI
$325.0K $12.75/SF
− OpEx
−$81.3K −$3.19/SF
NOI
$243.8K $9.56/SF
Area
Baton Rouge, LA
Vacancy
2.50%
Lease Rate
$13.08 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,875,340
Cap Rate 7%
$3,482,386
Cap Rate 9%
$2,708,522
Alternative Uses
Best Use
Office B
$3.48M
$3.05M – $4.06M
NOI $243,767 @ 7.0% cap · market cap 4.43%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$6.10M
$5.34M – $7.12M
NOI $427,257 @ 7.0% cap · market cap 7.77%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,122
Businesses Nearby
Explore this area
Business Placement
Demographics for 70806, LA
27,898
Population
14,972
Households
1.9
Avg Household Size
37
Median Age
40%
College-Educated
90%
High-School Grad
8.9 sq mi
ZIP Area
3,135
Density / Sq Mi
$53,430
Median Household Income
$41,894
Median Earnings
$1,014
Median Rent
$321,400
Median Home Value
Market
Average Price Trend$/SF for Office buildings in Baton Rouge, LA
Properties on Market for Office buildings in Baton Rouge
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - An open-plan interior with existing cubicles can also be arranged to include private offices.
Where is this office building located?
The property is located at 8485 Goodwood Boulevard Baton Rouge, LA.
What is the asking price?
The asking price for this property is $5,500,000.
What are key features of this property?
This property features: 25,486‑square‑foot office building on 4.56 acres; Constructed in 2010; 235 parking spaces
