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    842 Main St Baton Rouge, LA 70802

    Sponsored
    For Sale
    $650,000

    Downtown Office, 4,015 SF, $650K

    Property size:
    4,015 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    408
    This exceptional 4,015 square foot office space, located in Baton Rouge's Central Business District at 842 and 846 Main Street, presents a unique owner-user opportunity. Recently renovated in 2022, this Class C building boasts a desirable location, just one block from the interstate and within walking distance of the Federal Courthouse, numerous restaurants, and the Government Complex. The property features two units, totaling 4,015 square feet, with on-site parking accessible from both the front and rear. The main building, 846 Main Street (1,984 SF), offers four private offices, two restrooms, a large bullpen area, a glass conference room, and a break room. Currently, one unit is leased until December 31, 2025, providing immediate income potential for an owner-occupant. This property is ideally suited for legal, government service, or non-profit organizations seeking a prominent downtown location. The property is zoned C-2 and includes one story in a single building constructed in 1980. An adjacent building, offering an additional 4,032 square feet, is also available for sale or lease. The asking price is $650,000, translating to $161.89 per square foot. This is a rare chance to acquire a well-situated, income-producing property in a thriving downtown area.

    Property Features for 842 Main St

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    4,015 SF
    Class
    C

    Building Details

    Year Built/Renovated
    1980/2022
    Buildings
    1
    Stories
    1
    Units
    2

    We can help!

    Listing Contact
    Jack Herrington, CCIM
    Jack Herrington, CCIM

    Learn more

    Property Insight Report

    HighLights

    • 4,015 SF of office space in the Central Business District (CBD) on Main Street.
    • Recently renovated office space.
    • Prime CBD location: one block from the interstate and walking distance to the Federal Courthouse, restaurants, and the Government Complex.
    • On‑site parking with convenient front and rear access.
    • Ideal for legal, government services, or non‑profit organizations seeking downtown presence.
    • 1,984 SF unit at 846 Main St. available for owner‑occupancy or lease‑up.
    Property Profile Location Intelligence

    Current Use by Public Records

    MVP Sport Art ... Trophy Shop Doran & Cawthorne, P.L.L.C Personal Injury Attorney Pentagon Petroleum Inc Gas Company

    Suggested Use

    Restaurant Realty agency Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Baton Rouge
    County
    East Baton Rouge Parish
    State
    Louisiana
    Longitude
    -91.181404616745
    Latitude
    30.451623960816

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    FAQs

    What type of property is this?
    Office Property / Space - Downtown Office, 4,015 SF, $650K
    Where is this office property / space located?
    The property is located at 842 Main St 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: 4,015 SF of office space in the Central Business District (CBD) on Main Street.; Recently renovated office space.; Prime CBD location: one block from the interstate and walking distance to the Federal Courthouse, restaurants, and the Government Complex.
    Request Owner's contact information
    842 Main St Baton Rouge, LA 70802
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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.

    More about this property
    842 Main St Baton Rouge, LA 70802
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    We can help!
    Listing Contact
    Jack Herrington, CCIM
    Jack Herrington, CCIM
    Real Estate License ID: LA SALE.0995693154-ACT
    Learn more
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