Fully Occupied Office
For Sale
$1,564,200
4467 Bluebonnet Blvd, Baton Rouge, LA 70809
Office asset within Mercantile Office Park with BDD zoning and current occupancy.
Property Size5,688 SF
Price / SF$275
Days on Market556
Property Features for 4467 Bluebonnet Blvd
General Information
Standard status
Active
Size
5,688 SF
Property subtype
Office
Zoning
BDD
Occupancy
100%
Building Details
Buildings
1
Listing Agency:
Dantin Bruce Real Estate, LLC
Listed By:
Ross Bruce
(225) 241-9057
Source:
Lacdb.resimplifi
Added: Apr 10, 2025
Changed: Oct 16
Last Checked: Oct 16 at 5:48AM
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 Dantin Bruce Real Estate, LLC
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Investment Insights
Based on property information with market context.
The 5,688-square-foot office building is fully occupied and situated within Mercantile Office Park. The property carries BDD zoning and is located at 4467 Bluebonnet Blvd, Baton Rouge, LA 70809.
Key Highlights
- 5,688‑square‑foot office building
- Fully occupied property
- Located within Mercantile Office Park
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,404
Cap Rate
3.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,088,080
$1.1M
Cap Rate 7%
$777,200
$777.2K
Cap Rate 9%
$604,489
$604.5K
Market Conditions
NOI Build-Up for 5,688 SF
Gross rent
$74.4K $13.08/SF
− Vacancy
−$1.9K −$0.33/SF
EGI
$72.5K $12.75/SF
− OpEx
−$18.1K −$3.19/SF
NOI
$54.4K $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%
$1,088,080
Cap Rate 7%
$777,200
Cap Rate 9%
$604,489
Alternative Uses
Best Use
Office B
$777.2K
$680.1K – $906.7K
NOI $54,404 @ 7.0% cap · market cap 3.48%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.36M
$1.19M – $1.59M
NOI $95,356 @ 7.0% cap · market cap 6.10%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
855
Businesses Nearby
Explore this area
Business Placement
Demographics for 70809, LA
25,302
Population
13,872
Households
1.8
Avg Household Size
40
Median Age
55%
College-Educated
97%
High-School Grad
14.4 sq mi
ZIP Area
1,757
Density / Sq Mi
$81,310
Median Household Income
$55,827
Median Earnings
$1,336
Median Rent
$305,900
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 building - Office asset within Mercantile Office Park with BDD zoning and current occupancy.
Where is this office building located?
The property is located at 4467 Bluebonnet Blvd Baton Rouge, LA.
What is the asking price?
The asking price for this property is $1,564,200.
What are key features of this property?
This property features: 5,688‑square‑foot office building; Fully occupied property; Located within Mercantile Office Park
