Medical Office Suite with
For Sale
$219,000
B203-4626 Sherwood Common Blvd, Baton Rouge, LA 70816
Configured for professional operations with private offices, a meeting room, and a dedicated break area.
Property Size1,158 SF
Price / SF$189.12
Days on Market300
Property Features for B203-4626 Sherwood Common Blvd
General Information
Standard status
Active
Size
1,158 SF
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$2,962
Listing Agency:
Property Pointe Realty, LLC
(225) 627-3777
Listed By:
Jude Trahan
(225) 627-3777
Source:
Exprealty
Added: Nov 5, 2025
Changed: Aug 30
Last Checked: Aug 31 at 6:45PM
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 Property Pointe Realty, LLC
Investment Insights
Based on property information with market context.
This medical office suite at B203-4626 Sherwood Common Blvd includes a reception area, three private offices, a conference or meeting room that can function as a fourth office, and a break area. High ceilings and upscale finishes contribute to the suite’s professional interior presentation. The property currently operates as a chiropractic and wellness clinic.
The office is positioned in an office development just off Airline Hwy and Coursey Blvd in St. George, within a business corridor described as serving professional users. Stated potential users include medical and dental administration, legal, accounting, real estate, insurance and financial services, consulting, and related office operations.
The office is positioned in an office development just off Airline Hwy and Coursey Blvd in St. George, within a business corridor described as serving professional users. Stated potential users include medical and dental administration, legal, accounting, real estate, insurance and financial services, consulting, and related office operations.
Key Highlights
- Medical office suite at B203‑4626 Sherwood Common Blvd, Baton Rouge, LA
- Reception area plus 3 private offices
- Conference or meeting room can serve as a 4th office
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
$11,147
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
5.09%
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%
$222,940
$222.9K
Cap Rate 7%
$159,243
$159.2K
Cap Rate 9%
$123,856
$123.9K
Market Conditions
NOI Build-Up for 1,158 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
$19.5K $16.80/SF
− Vacancy
−$875 −$0.76/SF
EGI
$18.6K $16.04/SF
− OpEx
−$7.4K −$6.42/SF
NOI
$11.1K $9.63/SF
Area
Baton Rouge, LA
Vacancy
4.50%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
40.00%
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%
$222,940
Cap Rate 7%
$159,243
Cap Rate 9%
$123,856
Alternative Uses
Best Use
Healthcare Medical
$159.2K
$139.3K – $185.8K
NOI $11,147 @ 7.0% cap · market cap 5.09%
Second Best
Office B
$158.2K
$138.5K – $184.6K
NOI $11,076 @ 7.0% cap · market cap 5.06%
Theoretical Best
Specialty Retail
$277.3K
$242.7K – $323.6K
NOI $19,413 @ 7.0% cap · market cap 8.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,666
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 70816, LA
45,232
Population
21,024
Households
2.2
Avg Household Size
34
Median Age
36%
College-Educated
94%
High-School Grad
16.3 sq mi
ZIP Area
2,775
Density / Sq Mi
$65,894
Median Household Income
$39,344
Median Earnings
$1,155
Median Rent
$232,300
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Configured for professional operations with private offices, a meeting room, and a dedicated break area.
Where is this medical office space located?
The property is located at B203-4626 Sherwood Common Blvd Baton Rouge, LA.
What is the asking price?
The asking price for this property is $219,000.
What are key features of this property?
This property features: Medical office suite at B203‑4626 Sherwood Common Blvd, Baton Rouge, LA; Reception area plus 3 private offices; Conference or meeting room can serve as a 4th office
