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    9Th St Baton Rouge, LA 70802

    Sponsored
    For Sale
    $1,250,000

    Prime location, high-return potential.

    Property size:
    8,047 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a portfolio of two Class A office buildings totaling 8,047 square feet in downtown Baton Rouge, Louisiana. The property, situated at the corner of Main Street and 9th Street, offers convenient access to the Capitol and courthouses. The portfolio comprises four units across two buildings, each renovated in 2022, and includes private off-street parking. Currently 50% occupied, this presents a significant owner-user opportunity. One unit at 842 Main Street (2,013 sq ft) is leased through December 2025. Another unit at 846 Main Street (1,984 sq ft) is available and features four private offices, two restrooms, a large bullpen, a glass conference room, reception/waiting area, and a kitchenette. A third unit at 854 Main Street (1,950 sq ft) is also available and includes eight private offices, a reception/waiting area, and large IT/file storage/printer rooms. Finally, a 2,082 sq ft unit on N. 9th Street is currently leased month-to-month. The asking price is $1,250,000, with a price per square foot of $155.34. This is a multi-tenant property with a modified lease type. The property features one story buildings and has a total of four units. The APN is 001-5482-2. This portfolio offers a blend of immediate income and potential for significant future growth.

    Property Features for 0 9Th St

    General Information

    Property type
    Office space
    Square Feet
    8,047 SF
    Class
    A

    Building Details

    Year Renovated
    2022
    Buildings
    2
    Stories
    1
    Units
    4
    Property Profile Location Intelligence

    Current Use by Public Records

    Office space

    Map

    City
    Baton Rouge
    County
    East Baton Rouge Parish
    State
    Louisiana
    Longitude
    -91.18100924895
    Latitude
    30.451641672044

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    FAQs

    What type of property is this?
    Office space - Prime location, high-return potential.
    Where is this office space located?
    The property is located at 9Th St Baton Rouge, LA.
    What is the asking price?
    The asking price for this property is $1,250,000.
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    9Th St Baton Rouge, LA 70802
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    9Th St Baton Rouge, LA 70802
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