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 Market1226
Property Features for 854 Main St
General Information
Standard status
Active
Size
4,032 SF
Class
B
Property subtype
Office
Occupancy
33%
Site & Location
Neighborhood
Downtown
Building Details
Year Renovated
2022
Buildings
1
Stories
1
Units
2
Listing Agency:
Saurage Rotenberg Commercial Real Estate
Listed By:
Jack Herrington, CCIM · License #LA SALE.0995693154-ACT
(610) 563-9046
Source:
Crexi
Added: Jun 27, 2023
Changed: Oct 28
Last Checked: Nov 1 at 3:38AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
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
Estimated NOI and Cap Rate
NOI / Yr
$38,565
Cap Rate
5.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$771,300
$771.3K
Cap Rate 7%
$550,929
$550.9K
Cap Rate 9%
$428,500
$428.5K
Market Conditions
NOI Build-Up for 4,032 SF
Gross rent
$52.7K $13.08/SF
− Vacancy
−$1.3K −$0.33/SF
EGI
$51.4K $12.75/SF
− OpEx
−$12.9K −$3.19/SF
NOI
$38.6K $9.56/SF
Area
Baton Rouge, LA
Vacancy
2.50%
Lease Rate
$13.08 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$771,300
Cap Rate 7%
$550,929
Cap Rate 9%
$428,500
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.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,704
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in South region
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.
