Property profile

654 Main St Baton Rouge, LA 70801

FOR LEASE
Investment properties
Property ID
US36-0340807
28,000 SF 1 ac lot
Entity Owned 21-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional Class B office building, located at 654 Main St in Baton Rouge, Louisiana, offers a unique opportunity for businesses seeking executive office space. Built in 1920, the property boasts a total of 29,056 square feet, divided into three suites. Currently, there is 19,371 square feet of vacant space available, offering flexibility for businesses of various sizes. The minimum divisible space is 1 square foot, while the maximum contiguous space available is 9,685 square feet, allowing for customization to meet specific needs. The building is situated in East Baton Rouge Parish, zip code 70801, and provides surface parking. This property presents a rare chance to secure prime office space in a historic Baton Rouge location. The multiple tenancy structure allows for a diverse range of businesses to coexist, creating a vibrant and collaborative environment. The available space is ideal for businesses seeking a prestigious address and flexible office solutions. Inquire today to learn more about leasing options and explore the possibilities of establishing your business in this well-located and adaptable office building.

Property profile

Verified
Property type Investment properties
Use group STORE/OFFICE (MIXED USE)
Total area 28,000 SF
Lot 1 ac (43,560 SF)
APN 31488
UPID US36-0340807

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

654 Main St Baton Rouge, LA 70801
Baton Rouge metro Census 5100 BATON ROUGE, LA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$625k
CAP Approach CAP
by Request
Comparable Approach Comparable
$612k
Blend (final) Blend
$940k

Owner & transaction history

since 2005
5 recorded transactions
2020
Price N/A
2017
Price N/A
2005
$1.7M
1969
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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