Medical Facility with Prominent
For Sale
Contact for pricing
Pending
3333 Drusilla Ln, Baton Rouge, LA 70809
Well-equipped medical facility with high visibility and functional design.
Property Size14,500 SF
Days on Market1016
Property Features for 3333 Drusilla Ln
General Information
Standard status
Pending
Size
14,500 SF
Class
B
Total Parking Spaces
70
Property subtype
Office
Zoning
C1
Listing Agency:
Lee & Associates Louisiana
(318) 282-2974
Listed By:
Tom Mcgee · License #LA
Source:
Crexi
Added: Nov 16, 2023
Changed: Aug 27
Last Checked: Aug 26 at 12:17PM
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 Louisiana
Investment Insights
Based on property information with market context.
This 14,500-square-foot facility is designed for medical practice and administrative excellence. It features 18 exam rooms, an X-Ray suite, and a comprehensive drug-testing area. The layout includes 8 professional offices, spacious treatment hubs, a large conference room, and a welcoming reception area with three distinct waiting areas. Additional features include a supply room, nurse station, and executive suites. The property benefits from its location as the first structure visible off the I-12 ramp, enhanced by a large billboard, offering prominence and functionality.
Key Highlights
- Prime location: First building visible off I‑12 ramp with billboard.
- 18 Exam Rooms: High capacity for patient care.
- Comprehensive facilities: Includes X‑Ray suite and drug‑testing area.
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
$139,583
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
6.42%
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%
$2,791,660
$2.8M
Cap Rate 7%
$1,994,043
$2.0M
Cap Rate 9%
$1,550,922
$1.6M
Market Conditions
NOI Build-Up for 14,500 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
$243.6K $16.80/SF
− Vacancy
−$11.0K −$0.76/SF
EGI
$232.6K $16.04/SF
− OpEx
−$93.1K −$6.42/SF
NOI
$139.6K $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 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%
$2,791,660
Cap Rate 7%
$1,994,043
Cap Rate 9%
$1,550,922
Alternative Uses
Best Use
Healthcare Medical
$1.99M
$1.74M – $2.33M
NOI $139,583 @ 7.0% cap · market cap 6.42%
Second Best
Office B
$1.98M
$1.73M – $2.31M
NOI $138,689 @ 7.0% cap · market cap 6.38%
Theoretical Best
Specialty Retail
$3.47M
$3.04M – $4.05M
NOI $243,083 @ 7.0% cap · market cap 11.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,201
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 70809, LA
25,302
Population
13,872
Households
1.8
Avg Household Size
40
Median Age
55%
College-Educated
97%
High-School Grad
14.4 sq mi
ZIP Area
1,757
Density / Sq Mi
$81,310
Median Household Income
$55,827
Median Earnings
$1,336
Median Rent
$305,900
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?
Medical Office Space - Well-equipped medical facility with high visibility and functional design.
Where is this medical office space located?
The property is located at 3333 Drusilla Ln Baton Rouge, LA.
What is the asking price?
The asking price for this property is $2,175,000.
What are key features of this property?
This property features: Prime location: First building visible off I‑12 ramp with billboard.; 18 Exam Rooms: High capacity for patient care.; Comprehensive facilities: Includes X‑Ray suite and drug‑testing area.
