Office Building with Off-Street
For Sale
Contact for pricing
854 Main St, Baton Rouge, LA 70802
Office building with convenient access to downtown Baton Rouge.
Property Size4,032 SF
Price / SF$161.21
Days on Market1135
Property Features for 854 Main St
General Information
Standard status
Active
Size
4,032 SF
Property subtype
Office
Listing Agency:
Saurage Rotenberg Commercial Real Estate
(610) 563-9046
Listed By:
Jack Herrington, CCIM · License #LA SALE.0995693154-ACT
Source:
Crexi
Added: Jun 27, 2023
Changed: Jul 10
Last Checked: Aug 4 at 11:31AM
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 office building is located at the corner of Main Street and 9th Street and features off-street parking. It offers convenient access to downtown Baton Rouge, placing it near the Capitol and courthouses. The building is currently 50% leased, with one tenant relocating soon. A suite will soon be available that includes 8 offices, a reception area, IT/printers/file storage rooms, and shared restrooms and breakroom. The property has a size of 4032 square feet.
Key Highlights
- Convenient location at the corner of Main Street and 9th Street with excellent access to Downtown Baton Rouge, the Capitol, and Courthouses.
- Off‑street parking available.
- Opportunity for owner‑occupancy or investment due to 50% current lease status.
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 | $52.7k | $13.08 |
| − Vacancy | −$1.3k | −$0.33 |
| EGI | $51.4k | $12.75 |
| − OpEx | −$12.9k | −$3.19 |
| NOI | $38.6k | $9.56 |
4,032 SF · lease $13.08/SF/yr · vacancy 2.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$550.9K
$482.1K – $642.8K
NOI $38,565 @ 7.0% cap · market cap 5.93%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$965.6K
$844.9K – $1.13M
NOI $67,594 @ 7.0% cap · market cap 10.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,503
Businesses Nearby
Explore this area
Business Placement
Demographics for 70802, LA
26,519
Population
13,887
Households
1.9
Avg Household Size
29
Median Age
24%
College-Educated
82%
High-School Grad
7.1 sq mi
ZIP Area
3,735
Density / Sq Mi
$34,082
Median Household Income
$23,215
Median Earnings
$935
Median Rent
$105,100
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 building - Office building with convenient access to downtown Baton Rouge.
Where is this office building located?
The property is located at 854 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: Convenient location at the corner of Main Street and 9th Street with excellent access to Downtown Baton Rouge, the Capitol, and Courthouses.; Off‑street parking available.; Opportunity for owner‑occupancy or investment due to 50% current lease status.
