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    Premier Downtown Baton Rouge Office Title is generated by Realmo AI

    301 Main St, Baton Rouge, LA 70802

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    Class-A office building with spectacular views and convenient location.

    Type:Office
    Property size:
    330,000 SF
    Added:
    Aug 13, 2024
    Days on Market:
    656
    Last Refresh:
    May 12 at 8:57 pm

    Property Features for 301 Main St

    General Information

    Standard status
    Active
    Size
    330,000 SF
    Property subtype
    Office

    Building Details

    Year Built
    1974

    Spaces For Lease

    at 301 Main St Contact us

    161/161A $22/Mo

    Size
    4,670 SF
    Type
    Office
    Contact us

    810 $22/Mo

    Size
    3,968 SF
    Type
    Office
    Contact us

    900 $22/Mo

    Size
    6,000 SF
    Type
    Office
    Contact us

    930 $22/Mo

    Size
    2,058 SF
    Type
    Office
    Contact us

    1018 $22/Mo

    Size
    2,860 SF
    Type
    Office
    Contact us

    1020 $22/Mo

    Size
    1,880 SF
    Type
    Office
    Contact us

    1050 $22/Mo

    Size
    1,990 SF
    Type
    Office
    Contact us

    1160 $22/Mo

    Size
    2,882 SF
    Type
    Office
    Contact us

    1210 $22/Mo

    Size
    2,095 SF
    Type
    Office
    Contact us

    1510 $22/Mo

    Size
    1,267 SF
    Type
    Office
    Contact us

    1630 $22/Mo

    Size
    791 SF
    Type
    Office
    Contact us

    1800 $22/Mo

    Size
    14,378 SF
    Type
    Office
    full floor
    Contact us

    1930 $22/Mo

    Size
    1,237 SF
    Type
    Office
    Contact us

    2030 $22/Mo

    Size
    1,242 SF
    Type
    Office
    Contact us

    2050 $22/Mo

    Size
    2,618 SF
    Type
    Office
    Contact us

    750 $22/Mo

    Size
    9,380 SF
    Type
    Office
    Contact us

    101 $22/Mo

    Size
    2,428 SF
    Type
    Office
    Contact us
    Show more

    We can help!

    Listing Contact
    Scott Graf

    Listing agent Scott Graf License #LA 0995686372

    Listing office Corporate Realty

    Listing date Aug 13, 2024

    Source Crexi

    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 Corporate Realty

    HighLights

    • Tallest office building in downtown Baton Rouge offering spectacular views.
    • Premier Class‑A office space with renovated lobbies, common areas, bathrooms, and elevators.
    • Convenient downtown location near the Mississippi River, Louisiana State Capitol, and government agencies.
    • Easily accessible from I‑110 and public transportation (CATS).
    • Attracts diverse tenants including law firms and governmental offices.
    • Space planner available to assist with tenant finish needs.

    Overview

    One American Place is a premier office location in Baton Rouge, a distinctive, glass-clad Class-A building that towers over the city. With more than 330,000 square feet, it is the tallest office building in downtown Baton Rouge and the second tallest building in the city, providing spectacular views of downtown and the Mississippi River. The building is conveniently located two blocks from both the Mississippi River and the Louisiana State Capitol, and five blocks from City/Parish buildings. It is surrounded by state and federal agencies and is easily accessed from I-110 and serviced by Capital Area Transit System (CATS). Due to its favorable location, the building attracts a variety of tenants, including law firms and governmental offices. Tenant finishes range from classical to contemporary, and a space planner is available to help with space needs. The building also offers high-end common space with renovated lobbies, common areas, bathrooms, and elevators.
    Property Profile Location Intelligence

    Current Use by Public Records

    Subway Take-out & Catering Erlingson Banks, PLLC Law Firm Gordon Arata Montgomery ... Law Firm Ricair Software Inc. (Bike/Boat/Book/etc) Store Kologik (Bike/Boat/Book/etc) Store

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Baton Rouge
    County
    East Baton Rouge
    State
    Louisiana
    Longitude
    -91.1882194
    Latitude
    30.4520549

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    FAQs

    What type of property is this?
    Office building - Class-A office building with spectacular views and convenient location.
    Where is this office building located?
    The property is located at 301 Main St Baton Rouge, LA.
    What is the lease rate?
    The lease rate is $22 SF/Yr.
    What are key features of this property?
    This property features: Tallest office building in downtown Baton Rouge offering spectacular views.; Premier Class‑A office space with renovated lobbies, common areas, bathrooms, and elevators.; Convenient downtown location near the Mississippi River, Louisiana State Capitol, and government agencies.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Scott Graf
    Real Estate License ID: LA 0995686372
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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