Retail Showroom and
For Sale
$3,900,000
5330 Bluebonnet Boulevard, Baton Rouge, LA 70809
Two-story showroom with integrated warehouse use plus a detached grade-level warehouse on a sizable parcel.
Property Size43,000 SF
Lot Size3.46 Acres
Price / SF$90.70
Days on Market48
Property Features for 5330 Bluebonnet Boulevard
General Information
Standard status
Active
Size
43,000 SF
Total Parking Spaces
134
Lot size
3.46 Acres
Property subtype
Retail
Zoning
C2 / B1
Site & Location
Highway Access
Yes
Road Access
Yes
Warehouse & Industrial
Dock-High Doors
1
Drive-In Doors
1
Building Details
Building Size
43,000 SF
Year Built
2001
Listing Agency:
Beau Box Commercial Real Estate
(225) 931-3200
Listed By:
Beau Box, SIOR · License #SALE.995706731-ACT
Source:
Beaubox
Added: Jun 25
Changed: Aug 11
Last Checked: Aug 11 at 6:09AM
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 Beau Box Commercial Real Estate
Investment Insights
Based on property information with market context.
This property offers a combined retail showroom and warehouse setup on a 3.46-acre parcel fronting Bluebonnet Blvd. The main building is a two-story retail showroom totaling approximately 25,000 SF, which includes 4,500 SF of warehouse space supported by 1 truck well and 1 grade-level door.
An additional detached 18,000 SF grade-level warehouse is currently in shell condition. Site improvements include 134 parking spaces, with 103 spaces striped, supporting customer and employee access.
Zoned C2/B1, the site is suited for tenants and owners seeking a showroom-focused facility with on-site warehouse capability and room for an additional warehouse building in shell form. The property’s proximity to I-10 provides convenient regional connectivity for distribution, staffing, and retail operations.
An additional detached 18,000 SF grade-level warehouse is currently in shell condition. Site improvements include 134 parking spaces, with 103 spaces striped, supporting customer and employee access.
Zoned C2/B1, the site is suited for tenants and owners seeking a showroom-focused facility with on-site warehouse capability and room for an additional warehouse building in shell form. The property’s proximity to I-10 provides convenient regional connectivity for distribution, staffing, and retail operations.
Key Highlights
- 43,000 SF retail showroom and warehouse on a 3.46‑acre parcel fronting Bluebonnet Blvd
- Two‑story main showroom totals approx. 25,000 SF, including 4,500 SF warehouse with 1 truck well and 1 grade‑level door
- Detached 18,000 SF grade‑level warehouse currently in shell condition
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
$348,196
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
8.93%
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%
$6,963,920
$7.0M
Cap Rate 7%
$4,974,229
$5.0M
Cap Rate 9%
$3,868,844
$3.9M
Market Conditions
NOI Build-Up for 43,000 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
$418.0K $9.72/SF
− Vacancy
−$8.3K −$0.19/SF
EGI
$409.6K $9.53/SF
− OpEx
−$61.4K −$1.43/SF
NOI
$348.2K $8.10/SF
Area
Baton Rouge, LA
Vacancy
1.99%
Lease Rate
$9.72 /SF/Yr
Expense Ratio
15.00%
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%
$6,963,920
Cap Rate 7%
$4,974,229
Cap Rate 9%
$3,868,844
Alternative Uses
Best Use
Retail
$9.61M
$8.41M – $11.21M
NOI $672,810 @ 7.0% cap · market cap 17.25%
Second Best
Warehouse
$4.97M
$4.35M – $5.80M
NOI $348,196 @ 7.0% cap · market cap 8.93%
Theoretical Best
Specialty Retail
$10.30M
$9.01M – $12.01M
NOI $720,868 @ 7.0% cap · market cap 18.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Dock-high doors
1
Drive-in doors
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,174
Businesses Nearby
Under-served
Demand for This Use
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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Mama B's Good Eats — 4355 Inniswold Rd, Baton Rouge, LA 70809
Frequently Asked Questions
What type of property is this?
Flex space - Two-story showroom with integrated warehouse use plus a detached grade-level warehouse on a sizable parcel.
Where is this flex space located?
The property is located at 5330 Bluebonnet Boulevard Baton Rouge, LA.
What is the asking price?
The asking price for this property is $3,900,000.
What are key features of this property?
This property features: 43,000 SF retail showroom and warehouse on a 3.46‑acre parcel fronting Bluebonnet Blvd; Two‑story main showroom totals approx. 25,000 SF, including 4,500 SF warehouse with 1 truck well and 1 grade‑level door; Detached 18,000 SF grade‑level warehouse currently in shell condition
