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For sale
Office Units
LA
Baton Rouge
70816
10988 N Harrells Ferry Rd Suite 18

Professional Office Condo For Sale

10988 N Harrells Ferry Rd Suite 18, Baton Rouge, LA 70816

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For Sale

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Second-story office suite with custom features in scenic Myrtle Lake Plaza.

Type:Office

Property size:

1,430 SF

Price / SF:

$174/SF

HighLights

Excellent location with quick access to Old Hammond Hwy, S Sherwood Forest Blvd, and I‑12.
±1,430 SF second‑story suite ideal for professional office use.
Features a lobby/reception area, 4 offices, conference room, private restroom, and kitchenette.
Scenic office park setting with a pond and outdoor seating areas.
Custom design features including millwork and brick pavers.
Ample off‑street parking available.

We can help!

Listing Contact

Lindsay Redhead

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For Sale

Contact for pricing

Second-story office suite with custom features in scenic Myrtle Lake Plaza.

Type:Office

Property size:

1,430 SF

Price / SF:

$174/SF

Added:: Jun 4, 2024
Days on Market:: 746
Last Refresh:: May 12 at 11:35 pm

Property Features for 10988 N Harrells Ferry Rd Suite 18

General Information

Standard status: Active
Size: 1,430 SF
Property subtype: Office

We can help!

Listing Contact

Lindsay Redhead

Listing agent Lindsay Redhead License #LA 0995702768

Listing office Elifin Realty Baton Rouge

Listing date Jun 4, 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 Elifin Realty Baton Rouge

HighLights

Excellent location with quick access to Old Hammond Hwy, S Sherwood Forest Blvd, and I‑12.
±1,430 SF second‑story suite ideal for professional office use.
Features a lobby/reception area, 4 offices, conference room, private restroom, and kitchenette.
Scenic office park setting with a pond and outdoor seating areas.
Custom design features including millwork and brick pavers.
Ample off‑street parking available.

Overview

Available for sale is a ±1,430 SF, second-story suite, most recently utilized by a law firm. The suite comprises a lobby/reception area, 4 offices, a conference room, private restroom, and kitchenette. It is designed with custom features such as millwork and brick pavers, and includes two sets of French door entrances and transom windows inside. The property is located in Myrtle Lake Plaza, a scenic office park with a pond in the rear and several outdoor seating areas. The park also includes a large, off-street parking lot. The property has ±1 minute access to Old Hammond Hwy and S Sherwood Forest Blvd, and ±2-3 minute access to and from I-12.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$18.7k	$13.08
− Vacancy	−$468	−$0.33
EGI	$18.2k	$12.75
− OpEx	−$4.6k	−$3.19
NOI	$13.7k	$9.56

1,430 SF · lease $13.08/SF/yr · vacancy 2.50% · expense 25.00%

Alternative Uses

Best Use

Office B

$195.4K

$171.0K – $228.0K (±1% cap)

NOI $13,678 @ 7.0% cap · market cap 5.47%

Second Best

—

no second resolved use

Theoretical Best

Specialty Retail

$342.5K

$299.7K – $399.6K (±1% cap)

NOI $23,973 @ 7.0% cap · market cap 9.59%

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

Location Intelligence

Current Use by Public Records

U4ria the band Theater & Performing Art Venue Dale Carnegie Training Business Management Consultant London III John A Law Firm Broome Law Group, ... Law Firm RallyPoint Business Management Consultant

Suggested Use

Location Insight

Map
Local Demand

City: Baton Rouge
County: East Baton Rouge
State: Louisiana
Longitude: -91.063657
Latitude: 30.433451

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For sale
Office Units
LA
Baton Rouge
70816
10988 N Harrells Ferry Rd Suite 18

What type of property is this?

Office units - Second-story office suite with custom features in scenic Myrtle Lake Plaza.

Where is this office units located?

The property is located at 10988 N Harrells Ferry Rd Suite 18 Baton Rouge, LA.

What is the asking price?

The asking price for this property is $250,000.

What are key features of this property?

This property features: Excellent location with quick access to Old Hammond Hwy, S Sherwood Forest Blvd, and I‑12.; ±1,430 SF second‑story suite ideal for professional office use.; Features a lobby/reception area, 4 offices, conference room, private restroom, and kitchenette.