Versatile Mid-City Office
3950 3968 3978 North Blvd Baton Rouge, LA 70806
3950 3968 3978 North Blvd, Baton Rouge, LA, 70806
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For Sale
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Income-producing office buildings with parking in the heart of Mid-City.
Property Size7,222 SF
Price / SF$114.15
Days on Market633
Property Features for 3950 3968 3978 North Blvd
General Information
- Standard status
- Active
- Size
- 7,222 SF
- Property subtype
- Land, Mixed Use, Office, Special Purpose
Listing Agency
Elifin Realty Baton Rouge
(800) 895-9329
Listed by
Lindsay Redhead · License #LA 0995702768
Source
Crexi
Added: Oct 23, 2024 Checked: Jul 15 at 11:04 pm
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 Elifin Realty Baton Rouge
Investment Insights
Based on property information with market context.
Located in the heart of Mid-City, 3950, 3968, 3978 North Blvd offers a versatile office package. The sale includes three properties, but the owner may consider individual offers. 3950 North Blvd is a single-story office building with a size of approximately 1,598 square feet. It is currently leased to a daycare and generating immediate income. 3968 North Blvd is a two-story office building with updated, modern finishes, encompassing approximately 5,624 square feet. It is currently available for lease at $12 per square foot per year. The first and second floors can be leased together or individually. 3978 North Blvd is a large parking lot with a structure covering half of the area, offering ample parking for both buildings. Each property has dedicated parking. The properties are located approximately 6 minutes from I-110 and I-10, with easy access to the Airline Hwy / Florida Blvd interchange.
Key Highlights
- Income‑producing property (3950 North Blvd) provides immediate revenue stream.
- Ample parking available, including covered parking.
- Excellent location in Mid‑City with convenient access to I‑110 and I‑10.
Local Financial Insights For Office B
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 | $94.5k | $13.08 |
| − Vacancy | −$2.4k | −$0.33 |
| EGI | $92.1k | $12.75 |
| − OpEx | −$23.0k | −$3.19 |
| NOI | $69.1k | $9.56 |
7,222 SF · lease $13.08/SF/yr · vacancy 2.50% · expense 25.00%
Alternative Uses
Best Use
Retail
$1.61M
$1.41M – $1.88M
NOI $113,001 @ 7.0% cap · market cap 13.71%
Second Best
Office B
$986.8K
$863.5K – $1.15M
NOI $69,077 @ 7.0% cap · market cap 8.38%
Theoretical Best
Specialty Retail
$1.73M
$1.51M – $2.02M
NOI $121,072 @ 7.0% cap · market cap 14.69%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office buildings
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FAQs
What type of property is this?
Office building - Income-producing office buildings with parking in the heart of Mid-City.
Where is this office building located?
The property is located at 3950 3968 3978 North Blvd Baton Rouge, LA.
What is the asking price?
The asking price for this property is $824,402.
What are key features of this property?
This property features: Income‑producing property (3950 North Blvd) provides immediate revenue stream.; Ample parking available, including covered parking.; Excellent location in Mid‑City with convenient access to I‑110 and I‑10.
