Medical Office with Private
For Sale
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B-162 Lee Dr, Baton Rouge, LA 70808
Move-in-ready suite with multiple offices, open work areas, storage, and a private restroom.
Property Size1,781 SF
Price / SF$1.12
Days on Market185
Property Features for B-162 Lee Dr
General Information
Standard status
Active
Size
1,781 SF
Listing Agency:
Atlas Real Estate Company, LLC
(504) 399-4663
Listed By:
Alexander Champagne · License #995706611
(985) 789-6495
Source:
Exprealty
Added: Apr 19
Changed: Oct 13
Last Checked: Oct 19 at 12:35PM
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 Atlas Real Estate Company, LLC
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Investment Insights
Based on property information with market context.
Unit B is a move-in-ready commercial suite with a flexible interior layout. The space includes multiple private offices, open work areas, storage, and a private restroom, making it adaptable to a range of office and client-facing uses.
The suite has its own exterior entrance and includes on-site parking. It also has frontage on Lee Drive, providing direct street access for visitors and customers.
This setup can work well for office, service-based, medical, boutique, or specialty users, subject to tenant verification of the intended use. With a configuration that supports both private work and shared areas, the space is designed to accommodate teams and client traffic in a self-contained environment.
The suite has its own exterior entrance and includes on-site parking. It also has frontage on Lee Drive, providing direct street access for visitors and customers.
This setup can work well for office, service-based, medical, boutique, or specialty users, subject to tenant verification of the intended use. With a configuration that supports both private work and shared areas, the space is designed to accommodate teams and client traffic in a self-contained environment.
Key Highlights
- Unit B offers approximately 1,781 SF of move‑in‑ready commercial space
- Flexible layout includes multiple private offices, open work areas, storage, and a private restroom
- Separate exterior entrance for Unit B
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,035
Suggested Prices Based on Cap Rates
Cap Rate 5%
$340,700
$340.7K
Cap Rate 7%
$243,357
$243.4K
Cap Rate 9%
$189,278
$189.3K
Market Conditions
NOI Build-Up for 1,781 SF
Gross rent
$23.3K $13.08/SF
− Vacancy
−$582 −$0.33/SF
EGI
$22.7K $12.75/SF
− OpEx
−$5.7K −$3.19/SF
NOI
$17.0K $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%
$340,700
Cap Rate 7%
$243,357
Cap Rate 9%
$189,278
Alternative Uses
Best Use
Office B
$243.4K
$212.9K – $283.9K
NOI $17,035 @ 7.0% cap · market cap 851.75%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$426.5K
$373.2K – $497.6K
NOI $29,857 @ 7.0% cap · market cap 1,492.85%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
403
Businesses Nearby
Explore this area
Business Placement
Demographics for 70808, LA
32,510
Population
18,833
Households
1.7
Avg Household Size
35
Median Age
65%
College-Educated
97%
High-School Grad
12.0 sq mi
ZIP Area
2,709
Density / Sq Mi
$69,078
Median Household Income
$41,162
Median Earnings
$1,283
Median Rent
$392,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Move-in-ready suite with multiple offices, open work areas, storage, and a private restroom.
Where is this office unit located?
The property is located at B-162 Lee Dr Baton Rouge, LA.
What are key features of this property?
This property features: Unit B offers approximately 1,781 SF of move‑in‑ready commercial space; Flexible layout includes multiple private offices, open work areas, storage, and a private restroom; Separate exterior entrance for Unit B
