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    10330 Airline Hwy Baton Rouge, LA 70809

    For Sale
    $12,900,000

    Baton Rouge retail center, high traffic, strong tenants.

    Property size:
    41,356 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    Bluebonnet Square, a Class B shopping center in Baton Rouge, LA, is offered at $12,900,000 with a 7.43% cap rate. This 41,356 square foot retail property, built in 2009, sits on a 3.7-acre lot at the hard corner of Airline Hwy and Bluebonnet Blvd. The center enjoys excellent visibility and high traffic counts, approximately 45,000 vehicles per day, serving a population exceeding 70,000 within a 3-mile radius. Access to Greater Baton Rouge is convenient via I-12 and Airline Hwy. A diverse tenant mix includes CC's Coffee House, several recruitment centers, Elgin's Fine Jewelry, Rubymed, Subway, and others. The property benefits from significant recent and planned development in the immediate area, including a nearby 300-unit apartment complex under construction and a recently completed 126-unit complex. Major retailers such as Costco and Floor & Decor have also opened within a mile of the site, further enhancing the area's appeal and potential for increased foot traffic. The property's address is 10330 Airline Hwy, Baton Rouge, LA 70809.

    Property Features for 10330 Airline Hwy

    General Information

    Property type
    Lifestyle centers
    Square Feet
    41,356 SF
    Class
    B
    Lot Size
    161,172 SF

    Building Details

    Year Built
    2009

    HighLights

    • Class B shopping center in Baton Rouge, LA, offered at $12,900,000 with a 7.43% cap rate.
    • 41,356 square foot retail property built in 2009 on a 3.7‑acre lot.
    • Located at the hard corner of Airline Hwy and Bluebonnet Blvd, with excellent visibility and high traffic counts (approx. 45,000 vehicles/day).
    • Serves a population exceeding 70,000 within a 3‑mile radius, with convenient access to I‑12 and Airline Hwy.
    • Diverse tenant mix including CC's Coffee House, Elgin's Fine Jewelry, Subway, and others.
    • Significant recent and planned nearby development, including new apartment complexes and major retailers like Costco and Floor & Decor.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mariner Finance Loan Agency Bluebonnet Square Business Center Elgin's Fine Jewelry Jewelry Designer The Rogue Games Trading Card Store Subway Sandwich Shop

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Baton Rouge
    County
    East Baton Rouge Parish
    State
    Louisiana
    Longitude
    -91.0716911
    Latitude
    30.4166809

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    FAQs

    What type of property is this?
    Lifestyle center - Baton Rouge retail center, high traffic, strong tenants.
    Where is this lifestyle center located?
    The property is located at 10330 Airline Hwy Baton Rouge, LA.
    What is the asking price?
    The asking price for this property is $12,900,000.
    What are key features of this property?
    This property features: Class B shopping center in Baton Rouge, LA, offered at $12,900,000 with a 7.43% cap rate.; 41,356 square foot retail property built in 2009 on a 3.7-acre lot.; Located at the hard corner of Airline Hwy and Bluebonnet Blvd, with excellent visibility and high traffic counts (approx. 45,000 vehicles/day).
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    Realmo Value Estimation

    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.

    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.

    Alternative use

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

    More about this property
    10330 Airline Hwy Baton Rouge, LA 70809
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