Modernized Historic Office
For Sale
$649,000
850 North Blvd, Baton Rouge, LA 70802
B-1 zoning supports professional office use with conference and private office areas.
Property Size3,374 SF
Price / SF$192.35
Days on Market17
Property Features for 850 North Blvd
General Information
Standard status
Active
Size
3,374 SF
Zoning
B-1 (Transition District)
Amenities
conference rooms
private offices
collaborative workspaces
kitchen
restrooms
patio
fireplace
custom built-ins
Building Details
Year Renovated
2023
Buildings
1
Building Size
3,374 SF
Listing Agency:
CENTURY 21 Bessette Flavin
(225) 478-5770
Listed By:
Andrew Chidlow
Source:
Larry.agent225
Added: Aug 14
Changed: Aug 29
Last Checked: Aug 24 at 4:09AM
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 CENTURY 21 Bessette Flavin
Investment Insights
Based on property information with market context.
This 3,374-square-foot office building combines a 2023 renovation with preserved historic interior elements. The reworked layout includes two conference rooms, private offices, collaborative work areas, a kitchen, and three restrooms. Original wood flooring, a fireplace, custom built-ins, and a Palladian Terrazzo mosaic entry add character, while large windows bring natural light throughout the space. Central air is also provided.
The property includes a private fenced patio, on-site parking, a concrete driveway, and street parking. Located on North Blvd in Baton Rouge’s Beauregard Town, the building is within walking distance of the courthouse, dining, and other downtown amenities. B-1 zoning supports professional office use. Renovation work completed in 2023 included new plumbing, electrical updates, gutters, selective flooring, and interior and exterior paint.
The property includes a private fenced patio, on-site parking, a concrete driveway, and street parking. Located on North Blvd in Baton Rouge’s Beauregard Town, the building is within walking distance of the courthouse, dining, and other downtown amenities. B-1 zoning supports professional office use. Renovation work completed in 2023 included new plumbing, electrical updates, gutters, selective flooring, and interior and exterior paint.
Key Highlights
- 3,374‑square‑foot office building on North Blvd in Baton Rouge
- B‑1 zoning for professional office use
- Renovated in 2023 with new plumbing and updated electrical
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$32,271
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.97%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$645,420
$645.4K
Cap Rate 7%
$461,014
$461.0K
Cap Rate 9%
$358,567
$358.6K
Market Conditions
NOI Build-Up for 3,374 SF
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.
Gross rent
$44.1K $13.08/SF
− Vacancy
−$1.1K −$0.33/SF
EGI
$43.0K $12.75/SF
− OpEx
−$10.8K −$3.19/SF
NOI
$32.3K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$645,420
Cap Rate 7%
$461,014
Cap Rate 9%
$358,567
Alternative Uses
Best Use
Office B
$461.0K
$403.4K – $537.9K
NOI $32,271 @ 7.0% cap · market cap 4.97%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$808.0K
$707.0K – $942.7K
NOI $56,563 @ 7.0% cap · market cap 8.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,746
Businesses Nearby
Explore this area
Business Placement
Demographics for 70802, LA
26,519
Population
13,887
Households
1.9
Avg Household Size
29
Median Age
24%
College-Educated
82%
High-School Grad
7.1 sq mi
ZIP Area
3,735
Density / Sq Mi
$34,082
Median Household Income
$23,215
Median Earnings
$935
Median Rent
$105,100
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?
Office building - B-1 zoning supports professional office use with conference and private office areas.
Where is this office building located?
The property is located at 850 North Blvd Baton Rouge, LA.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: 3,374‑square‑foot office building on North Blvd in Baton Rouge; B‑1 zoning for professional office use; Renovated in 2023 with new plumbing and updated electrical
