Downtown Office/Retail Building For
For Sale
$4,515,150
525 Florida Street, Baton Rouge, LA 70801
30,000 SF office/retail building in the heart of Downtown Baton Rouge.
Property Size30,000 SF
Price / SF$150.51
Days on Market1164
Property Features for 525 Florida Street
General Information
Standard status
Active
Size
30,000 SF
Property subtype
Other
Zoning
C5
Listing Agency:
Saurage Rotenberg Commercial Real Estate, LLC
Listed By:
Carmen Austin MBA CCIM SIOR · License #BROK.0912122713-ASA
(225) 930-6256
Source:
Lacdb.resimplifi
Added: Aug 14, 2023
Changed: Oct 12
Last Checked: Oct 19 at 3:26AM
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 Saurage Rotenberg Commercial Real Estate, LLC
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Investment Insights
Based on property information with market context.
This 30,000 square foot office/retail building is located in the heart of Downtown Baton Rouge, offering an excellent address on a main east/west thoroughfare. The property includes two parking lots, one with 28 spaces and an additional lot at 5th and Laurel with 30 spaces. Situated five blocks from the Mississippi River and near the I-110 exit, the building provides excellent access and visibility. It is located across the street from the Rivermark Centre Tower, which features office, retail, and residential space. The building has long-term tenants, with some vacancy on the 2nd and 4th floors, offering flexible floor plans. The property is suitable for schools, state and governmental agencies, law firms, and financial firms. It also presents an ideal opportunity for downtown condo conversion or owner/occupant use, with expansive rooftop views.
Key Highlights
- Premier downtown location in the heart of Baton Rouge.
- Includes two parking lots with a total of 58 parking spaces.
- 30,000 SF Office/Retail Building with long‑term tenants.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$286,943
Cap Rate
6.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,738,860
$5.7M
Cap Rate 7%
$4,099,186
$4.1M
Cap Rate 9%
$3,188,256
$3.2M
Market Conditions
NOI Build-Up for 30,000 SF
Gross rent
$392.4K $13.08/SF
− Vacancy
−$9.8K −$0.33/SF
EGI
$382.6K $12.75/SF
− OpEx
−$95.6K −$3.19/SF
NOI
$286.9K $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%
$5,738,860
Cap Rate 7%
$4,099,186
Cap Rate 9%
$3,188,256
Alternative Uses
Best Use
Office B
$4.10M
$3.59M – $4.78M
NOI $286,943 @ 7.0% cap · market cap 6.36%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$7.18M
$6.29M – $8.38M
NOI $502,931 @ 7.0% cap · market cap 11.14%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,600
Businesses Nearby
Explore this area
Business Placement
Demographics for 70801, LA
340
Population
240
Households
1.4
Avg Household Size
40
Median Age
70%
College-Educated
100%
High-School Grad
0.1 sq mi
ZIP Area
3,400
Density / Sq Mi
$112,787
Median Household Income
$103,750
Median Earnings
$1,679
Median Rent
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - 30,000 SF office/retail building in the heart of Downtown Baton Rouge.
Where is this office building located?
The property is located at 525 Florida Street Baton Rouge, LA.
What is the asking price?
The asking price for this property is $4,515,150.
What are key features of this property?
This property features: Premier downtown location in the heart of Baton Rouge.; Includes two parking lots with a total of 58 parking spaces.; 30,000 SF Office/Retail Building with long‑term tenants.
