Baton Rouge Office Buildings
N 9th St Baton Rouge, LA 70802
N 9th St, Baton Rouge, LA, 70802
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For Sale
Contact for pricing
Office buildings portfolio with private parking and downtown access.
Property Size8,047 SF
Price / SF$155.34
Days on Market966
Property Features for N 9th St
General Information
- Standard status
- Active
- Size
- 8,047 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: Nov 27, 2023 Checked: Jul 19 at 5:40 am
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 portfolio of office buildings is conveniently located at the corner of Main Street and 9th Street, offering private off-street parking and excellent access to Downtown Baton Rouge, placing it a short distance from the Capitol and Courthouses. The portfolio consists of four municipal addresses. 842 Main St is 2,013 square feet and leased through December 2029. 846 Main St is 1,984 square feet and leased through July 2030, featuring four private offices, two restrooms, a large bullpen, a glass conference room, a reception/waiting room, and a kitchenette. 854 Main St is 1,950 square feet and available for owner/occupant use, containing eight private offices, a reception/waiting room, and large IT/file storage/printer rooms. The N. 9th St building is 2,082 square feet, renovated, and available 2/1/2026. Currently, the portfolio is 50% occupied. The total property size is 8,047 square feet.
Key Highlights
- Prime location: Corner of Main Street and 9th Street with excellent access.
- Income potential: Currently 50% occupied with existing leases.
- Multiple buildings: Portfolio consists of 4 municipal addresses.
Local 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 | $105.3k | $13.08 |
| − Vacancy | −$2.6k | −$0.33 |
| EGI | $102.6k | $12.75 |
| − OpEx | −$25.7k | −$3.19 |
| NOI | $77.0k | $9.56 |
8,047 SF · lease $13.08/SF/yr · vacancy 2.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.10M
$962.1K – $1.28M
NOI $76,968 @ 7.0% cap · market cap 6.16%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.93M
$1.69M – $2.25M
NOI $134,903 @ 7.0% cap · market cap 10.79%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Office buildings portfolio with private parking and downtown access.
Where is this office building located?
The property is located at N 9th St Baton Rouge, LA.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Prime location: Corner of Main Street and 9th Street with excellent access.; Income potential: Currently 50% occupied with existing leases.; Multiple buildings: Portfolio consists of 4 municipal addresses.
