Professional Office Condo For
For Sale
Contact for pricing
Pending
10988 N Harrells Ferry Rd Suite 18, Baton Rouge, LA 70816
Second-story office suite with custom features in scenic Myrtle Lake Plaza.
Property Size1,430 SF
Days on Market793
Property Features for 10988 N Harrells Ferry Rd Suite 18
General Information
Standard status
Pending
Size
1,430 SF
Property subtype
Office
Listing Agency:
Elifin Realty Baton Rouge
(225) 938-3148
Listed By:
Lindsay Redhead · License #LA 0995702768
Source:
Crexi
Added: Jun 4, 2024
Changed: Jul 10
Last Checked: Aug 4 at 12:01PM
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.
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.
Key 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.
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 | $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
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
NOI $23,973 @ 7.0% cap · market cap 9.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
834
Businesses Nearby
Explore this area
Business Placement
Demographics for 70816, LA
45,232
Population
21,024
Households
2.2
Avg Household Size
34
Median Age
36%
College-Educated
94%
High-School Grad
16.3 sq mi
ZIP Area
2,775
Density / Sq Mi
$65,894
Median Household Income
$39,344
Median Earnings
$1,155
Median Rent
$232,300
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
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.
