Multi-Tenant Office Complex with
For Sale
$2,750,000
8940 Bluebonnet Blvd, Baton Rouge, LA 70810
Modern multi-tenant office complex with Class A interior finishes and a private courtyard.
Property Size14,148 SF
Price / SF$194.37
Days on Market212
Property Features for 8940 Bluebonnet Blvd
General Information
Standard status
Active
Size
14,148 SF
Class
A
Property subtype
Office
Zoning
C2
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Tenancy
Multi
Listing Agency:
Momentum Commercial Real Estate
Listed By:
Paul Ellis · License #74832
(225) 317-3200
Source:
Lacdb.resimplifi
Added: Mar 24
Changed: Oct 20
Last Checked: Oct 20 at 5:09PM
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 Momentum Commercial Real Estate
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Investment Insights
Based on property information with market context.
8940 Bluebonnet Boulevard is a multi-tenant office complex offering approximately 14,148 square feet of office space. The property features high-quality, Class A interior finishes and includes a private courtyard, creating a professional environment for tenants and owner-users.
Located just off Bluebonnet Boulevard, the complex provides convenient access to Interstate 10 and major transportation corridors. Access and parking are supported by entry points from Bluebonnet Boulevard and N. Glenstone Road.
The site is positioned minutes from major retail and surrounding services, including Mall of Louisiana and Perkins Rowe, as well as nearby medical centers, professional offices, dining, and retail amenities.
Located just off Bluebonnet Boulevard, the complex provides convenient access to Interstate 10 and major transportation corridors. Access and parking are supported by entry points from Bluebonnet Boulevard and N. Glenstone Road.
The site is positioned minutes from major retail and surrounding services, including Mall of Louisiana and Perkins Rowe, as well as nearby medical centers, professional offices, dining, and retail amenities.
Key Highlights
- Multi‑tenant office complex totaling approximately 14,148 SF
- Class A interior finishes
- Includes a private courtyard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$135,322
Cap Rate
4.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,706,440
$2.7M
Cap Rate 7%
$1,933,171
$1.9M
Cap Rate 9%
$1,503,578
$1.5M
Market Conditions
NOI Build-Up for 14,148 SF
Gross rent
$185.1K $13.08/SF
− Vacancy
−$4.6K −$0.33/SF
EGI
$180.4K $12.75/SF
− OpEx
−$45.1K −$3.19/SF
NOI
$135.3K $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%
$2,706,440
Cap Rate 7%
$1,933,171
Cap Rate 9%
$1,503,578
Alternative Uses
Best Use
Office B
$1.93M
$1.69M – $2.26M
NOI $135,322 @ 7.0% cap · market cap 4.92%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.39M
$2.96M – $3.95M
NOI $237,182 @ 7.0% cap · market cap 8.62%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
792
Businesses Nearby
Explore this area
Business Placement
Demographics for 70810, LA
42,472
Population
19,195
Households
2.2
Avg Household Size
38
Median Age
55%
College-Educated
95%
High-School Grad
26.2 sq mi
ZIP Area
1,621
Density / Sq Mi
$93,712
Median Household Income
$52,510
Median Earnings
$1,406
Median Rent
$353,100
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 - Modern multi-tenant office complex with Class A interior finishes and a private courtyard.
Where is this office building located?
The property is located at 8940 Bluebonnet Blvd Baton Rouge, LA.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: Multi‑tenant office complex totaling approximately 14,148 SF; Class A interior finishes; Includes a private courtyard
