Leased Office
For Sale
$529,000
9619 Interline Ave, Baton Rouge, LA 70809
Professional office property with established tenancy, on-site parking, and access to major Baton Rouge thoroughfares.
Property Size2,850 SF
Lot Size0.52 Acres
Price / SF$185.61
Days on Market139
Property Features for 9619 Interline Ave
General Information
Standard status
Active
Size
2,850 SF
Total Parking Spaces
23
Lot size
0.52 Acres
Property subtype
Investment
Zoning
C2
Net Operating Income
$39,271
Site & Location
Highway Access
Yes
Road Access
Yes
Amenities
23 Parking Spaces
Building Details
Year Built
2009
Buildings
1
Tenancy
Multi
Listing Agency:
NAI Rampart Commercial Real Estate Baton Rouge
(225) 678-8851
Listed By:
Andrew D'Ostilio
(225) 678-8851
Source:
Lacdb.resimplifi
Added: Apr 14
Changed: Aug 30
Last Checked: Aug 30 at 1:44PM
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 NAI Rampart Commercial Real Estate Baton Rouge
Investment Insights
Based on property information with market context.
This 2,850-square-foot office building was constructed in 2009 and occupies approximately 0.52 acres. The property is zoned C2 and includes functional office layouts, along with 23 on-site parking spaces. Existing lease arrangements support occupancy by the State of Louisiana and Joy PCA, a home healthcare company, with the building scheduled to reach 100% occupancy effective June 1, 2026.
Located at 9619 Interline Ave in Baton Rouge, the property provides access to Interstate 12, Airline Highway, and Jefferson Highway. Its office configuration is suited to professional operations, while the established tenancy and dedicated parking provide practical operating characteristics for an office investment.
Located at 9619 Interline Ave in Baton Rouge, the property provides access to Interstate 12, Airline Highway, and Jefferson Highway. Its office configuration is suited to professional operations, while the established tenancy and dedicated parking provide practical operating characteristics for an office investment.
Key Highlights
- 2,850 SF office building constructed in 2009
- Approximately 0.52 acres with 23 on‑site parking spaces
- Scheduled for 100% occupancy effective June 1, 2026
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$27,260
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.15%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$545,200
$545.2K
Cap Rate 7%
$389,429
$389.4K
Cap Rate 9%
$302,889
$302.9K
Market Conditions
NOI Build-Up for 2,850 SF
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.
Gross rent
$37.3K $13.08/SF
− Vacancy
−$932 −$0.33/SF
EGI
$36.3K $12.75/SF
− OpEx
−$9.1K −$3.19/SF
NOI
$27.3K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$545,200
Cap Rate 7%
$389,429
Cap Rate 9%
$302,889
Alternative Uses
Best Use
Office B
$389.4K
$340.8K – $454.3K
NOI $27,260 @ 7.0% cap · market cap 5.15%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$682.5K
$597.2K – $796.3K
NOI $47,778 @ 7.0% cap · market cap 9.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,108
Businesses Nearby
Explore this area
Business Placement
Demographics for 70809, LA
25,302
Population
13,872
Households
1.8
Avg Household Size
40
Median Age
55%
College-Educated
97%
High-School Grad
14.4 sq mi
ZIP Area
1,757
Density / Sq Mi
$81,310
Median Household Income
$55,827
Median Earnings
$1,336
Median Rent
$305,900
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 - Professional office property with established tenancy, on-site parking, and access to major Baton Rouge thoroughfares.
Where is this office building located?
The property is located at 9619 Interline Ave Baton Rouge, LA.
What is the asking price?
The asking price for this property is $529,000.
What are key features of this property?
This property features: 2,850 SF office building constructed in 2009; Approximately 0.52 acres with 23 on‑site parking spaces; Scheduled for 100% occupancy effective June 1, 2026
