Renovated Office in Park-Like
10621 N Oak Hills Pkwy Baton Rouge, LA 70810
10621 N Oak Hills Pkwy, Baton Rouge, LA, 70810
Contact for pricing
For Sale
Contact for pricing
Recently renovated office building for sale in a serene setting.
Property Size3,005 SF
Price / SF$216.31
Days on Market697
Property Features for 10621 N Oak Hills Pkwy
General Information
- Standard status
- Active
- Size
- 3,005 SF
- Property subtype
- Office
Building Details
- Year Built
- 1990
Listing Agency
Saurage Rotenberg Commercial Real Estate
Listed by
Mike Stinson, CCIM · License #LA SALE.0000071948-ACT
Source
Crexi
Added: Aug 23, 2024 Checked: Jul 19 at 5:54 am
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
Investment Insights
Based on property information with market context.
This recently renovated office building is available for sale. It is situated in a quiet, serene, park-like setting off Bluebonnet Blvd. The current tenant is a national engineering and consulting firm. A three-year primary term was recently executed, including one three-year option period with annual 2% increases. The property size is 3,005 square feet.
Key Highlights
- Tenant is a national engineering/consulting firm.
- Recently executed 3 yr. primary term with one 3 yr. option period with annual 2% increases.
- Recently Renovated Office.
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 | $39.3k | $13.08 |
| − Vacancy | −$983 | −$0.33 |
| EGI | $38.3k | $12.75 |
| − OpEx | −$9.6k | −$3.19 |
| NOI | $28.7k | $9.56 |
3,005 SF · lease $13.08/SF/yr · vacancy 2.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$410.6K
$359.3K – $479.0K
NOI $28,742 @ 7.0% cap · market cap 4.42%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$719.7K
$629.7K – $839.6K
NOI $50,377 @ 7.0% cap · market cap 7.75%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Diamond C Coaching
Physician
Success Labs
Business Management Consultant
Grace Notes School ...
Vocational School
Louisiana Business Resource ...
Financial Advisor
Neeta Lash & Beauty ...
Hair Salon
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FAQs
What type of property is this?
Office building - Recently renovated office building for sale in a serene setting.
Where is this office building located?
The property is located at 10621 N Oak Hills Pkwy Baton Rouge, LA.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Tenant is a national engineering/consulting firm.; Recently executed 3 yr. primary term with one 3 yr. option period with annual 2% increases.; **Recently Renovated Office.**
