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    7938 Goodwood Blvd Baton Rouge, LA 70806
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    7938 Goodwood Blvd Baton Rouge, LA 70806

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    • Commercial real estate
    • 3,614 SF
    For Sale
    $450,000
    View Listing →
    Two Office Buildings on Goodwood For Sale
    $450,000
    3,614 SF

    Two Office Buildings on Goodwood

    Two attached office buildings available for sale or lease.

    7938 GOODWOOD BLVD., Baton Rouge, LA
    View Listing
    Property ID
    US36-0711871
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Management Services Accounting / Accounting Firm / Tax Preparation
    • Hebert Roy / Accounting Firm / Tax Preparation

    Property Details for 7938 Goodwood Blvd

    Property size
    3,614 SF
    Property type
    Commercial real estate

    Description

    This exceptional Baton Rouge office property, located at 7938-7942 Goodwood Blvd, offers 3,614 square feet of versatile space in two attached, single-story buildings. Situated on a half-acre lot in the LACDB - 61 submarket of East Baton Rouge Parish, this Class B property is zoned B1. The buildings are available for sale individually or as a package. Building 7940 Goodwood Blvd, encompassing 1,824 square feet, underwent renovations in 2017, including new flooring installed in 2021. Building 7942 Goodwood Blvd, totaling 1,790 square feet, was renovated in 2018 and received a complete cosmetic restoration in 2021. The asking price for both buildings is $450,000, with individual building prices of $230,000 and $220,000 respectively. Alternatively, the property is available for lease at a modified gross rate of $16.00 per square foot. This prime location in Baton Rouge, Louisiana (zip code 70806), presents a unique opportunity for businesses seeking executive office space. The property's recent renovations ensure modern amenities and a professional environment. Contact us today to explore this attractive investment or leasing opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Baton Rouge
    County
    East Baton Rouge Parish
    State
    Louisiana
    Longitude
    -91.1053329
    Latitude
    30.4420212

    Comparable in this City

    • Contact for pricing

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      Mid-City Executive Office Suites

      Well-maintained office suites for lease in a convenient location.
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      Office suites with dedicated entrances and ample parking available for lease.
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      Office Space in Prime Location

      Office space with versatile layout and ample parking in Baton Rouge.
      636 Lobdell Ave, Baton Rouge, LA 70806
      View Details

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      Two Office Buildings on Goodwood

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      Office space available for rent, featuring 528 square feet.
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      View Details
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      Modern Office Suites For Rent

      Two updated office suites with dedicated parking and excellent access.
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      Well-maintained office suites for lease in a convenient location.
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      Office suites with dedicated entrances and ample parking available for lease.
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      Office Space in Prime Location

      Office space with versatile layout and ample parking in Baton Rouge.
      636 Lobdell Ave, Baton Rouge, LA 70806
      View Details
    View Listing
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    Baton Rouge, LA 70806
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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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

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

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    7938 Goodwood Blvd, Baton Rouge, LA, 70806
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