Cordova Square Office
721 Government St Baton Rouge, LA 70802
For Sale
Contact for pricing
Office building for sale with investment or owner-occupant potential.
Property Size19,757 SF
Price / SF$120.21
Days on Market944
Property Features for 721 Government St
General Information
Standard status
Active
Size
19,757 SF
Property subtype
Office
Listing Agency:
Derbes Falgoust Commercial Real Estate
(225) 778-5858
Listed By:
Scot Guidry · License #LA 37589
Source:
Crexi
Added: Dec 27, 2023
Changed: Jul 6
Last Checked: Jul 27 at 7:52AM
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 Derbes Falgoust Commercial Real Estate
Investment Insights
Based on property information with market context.
Cordova Square, situated at 721 Government Street in Baton Rouge, Louisiana, is available for purchase, presenting an opportunity for either an owner-occupant or an investor. The property includes 63 on-site private and gated off-street parking spaces. It features frontage on both Government and Spain Streets, with curbside delivery access available on Government Street. The first floor offers space suitable for a retail or service tenant or user. The location is approximately 4 blocks from the I-110 on/off ramp, 5 blocks from the 19th JDC Clerk of Court/Court House, Baton Rouge City Court, and City Hall, and within 6 blocks of the Federal Courthouse. Perry Dampf (attorneys) occupies the entire second floor. The first and third floors are available in full or in part. Prater Bailey - McCormick - Cazayoux lease part of the 1st floor. Vacant units are available for lease at $22.50 per square foot, full service. The building has a total size of 19757 square feet.
Key Highlights
- Substantial Price Reduction: $375,000 reduction from original price.
- Prime Location on Government Street in downtown Baton Rouge, near I‑110, courthouses, and City Hall.
- Ample Parking: 63 private and gated off‑street parking spaces.
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 | $258.4k | $13.08 |
| − Vacancy | −$6.5k | −$0.33 |
| EGI | $252.0k | $12.75 |
| − OpEx | −$63.0k | −$3.19 |
| NOI | $189.0k | $9.56 |
19,757 SF · lease $13.08/SF/yr · vacancy 2.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.70M
$2.36M – $3.15M
NOI $188,971 @ 7.0% cap · market cap 7.96%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.73M
$4.14M – $5.52M
NOI $331,214 @ 7.0% cap · market cap 13.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - Office building for sale with investment or owner-occupant potential.
Where is this office building located?
The property is located at 721 Government St Baton Rouge, LA.
What is the asking price?
The asking price for this property is $2,375,000.
What are key features of this property?
This property features: Substantial Price Reduction: $375,000 reduction from original price.; Prime Location on Government Street in downtown Baton Rouge, near I‑110, courthouses, and City Hall.; Ample Parking: 63 private and gated off‑street parking spaces.
