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    4336 North Blvd Baton Rouge, LA 70806

    Sponsored
    For Lease
    $14 SF/Yr ($16,775 /Mo)

    Prime Office Space, 3 Suites Available

    Lot size:
    13,883 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    400
    This exceptional Class B office building, located on North Boulevard in Baton Rouge, offers three distinct executive office suites for lease. The building totals 13,883 square feet and features a controlled access system and elevator for convenient access. Currently, 7,126 square feet of space is available, divisible into units as small as 1,286 square feet. Three individual suites are immediately available, offering flexible options to accommodate various business needs. One suite provides 1,286 square feet, ideal for a growing small business. A second suite offers 1,250 square feet, perfect for a startup or small company. The largest available suite boasts an impressive 4,590 square feet, suitable for larger corporations or businesses requiring substantial space. The property's prime location in Baton Rouge provides excellent visibility and accessibility, making it an attractive option for businesses seeking a professional and efficient workspace. The building's Assessed Parcel Number (APN) is 761583. This is a multiple tenancy building with a range of contiguous space options, from a minimum of 1,286 square feet up to a maximum of 2,998 contiguous square feet. This presents a unique opportunity for businesses of all sizes to find the perfect fit in a well-maintained and conveniently located building.

    Property Features for 4336 North Blvd

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    13,883 SF
    Class
    B
    Total Rate
    16775.29

    Unit(s) available at that property

    Space
    Suite: 201
    Size
    4,590 SF
    Rate per SF
    $14
    Space
    Suite 102
    Size
    1,286 SF
    Rate per SF
    $14
    Space
    Suite: 104
    Size
    1,250 SF
    Rate per SF
    $14

    HighLights

    • 13,883 SF Class B office building in Baton Rouge.
    • Multiple tenancies available, ranging from 1,286 SF to 4,590 SF.
    • 7,126 SF of vacant space currently available.
    • Building features an elevator and controlled access.
    • APN: 761583
    Property Profile Location Intelligence

    Current Use by Public Records

    MAYO HEALTH SYSTEMS, ... Medical Clinic Sonnier Scott J Attorney Karl E Krousel ... Attorney Total Family Healthcare Medical Clinic Dr. Tamika S. ... Family Practice Physician

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Baton Rouge
    County
    East Baton Rouge
    State
    Louisiana
    Longitude
    -91.1447856
    Latitude
    30.4481837

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    FAQs

    What type of property is this?
    Office space - Prime Office Space, 3 Suites Available
    Where is this office space located?
    The property is located at 4336 North Blvd Baton Rouge, LA.
    What is the lease rate?
    The lease rate is $14 SF/Yr.
    What are key features of this property?
    This property features: 13,883 SF Class B office building in Baton Rouge.; Multiple tenancies available, ranging from 1,286 SF to 4,590 SF.; 7,126 SF of vacant space currently available.
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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
    4336 North Blvd Baton Rouge, LA 70806
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