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    9618 Jefferson Hwy Baton Rouge, LA 70809

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    9618 Jefferson Hwy Baton Rouge, LA 70809

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    • Shopping centers
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    Retail

    Shopping centers

    9618 Jefferson Hwy, Baton Rouge, LA 70809
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    Property ID
    US36-0690215
    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

    • Agilify / Business Management Consultant
    • Subway / Take-out & Catering / Catering Service
    • Storey Mechanical & Refrigeration / Home Appliance Store
    • Kadmos Technology / Advertising Agency / Marketing & Advertising
    • TRISPEC, LLC - Louisiana / General Contractor

    Property Details for 9618 Jefferson Hwy

    Year built
    2004
    Property type
    Shopping centers
    Property subtype
    Commercial real estate

    Description

    Bluebonnet Crossing Shopping Center, located at 9618 Jefferson Hwy on the southeast corner of Bluebonnet Blvd and Jefferson Hwy, offers prime access to Interstates 10, 12, and Airline Hwy. The center benefits from proximity to Baton Rouge’s major medical corridor, including Baton Rouge General, Our Lady of the Lake Regional Medical Center, OLOL Children's Hospital, and Ochsner Medical. Surrounded by established residential neighborhoods, it draws consistent traffic from local residents and commuters, making it a well-positioned retail destination in a high-traffic area.

    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
    State
    Louisiana
    Longitude
    -91.0778558
    Latitude
    30.4099924

    Comparable in this City

    • $12 SF/Yr
      94,134 SF

      Drusilla Village Shopping Center

      Baton Rouge Retail Space Available
      3446 Drusilla Ln, Baton Rouge, LA 70809
      View Details
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      Retail Space For Lease

      Retail property available for lease in Baton Rouge, Louisiana.
      10455 Reiger Rd, Baton Rouge, LA 70809
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      Lakeland Park Blvd Office/Showroom/Warehouse

      Office, showroom, and warehouse space available for lease.
      11962 Lakeland Park Blvd, Baton Rouge, LA 70809
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      Industriplex Blvd Commercial Space

      5,000 SF commercial space ideal for offices or showrooms.
      11211 Industriplex Blvd, Baton Rouge, LA 70809
      View Details
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      Commercially Zoned Land For Rent

      6.06 acres of commercially zoned land with existing 39,582SF building.
      9550 Airline Hwy, Baton Rouge, LA 70809
      View Details
    • Contact for pricing

      Retail Space in Highland Center

      Retail space available November 1, 2024 in Baton Rouge.
      19970 Highland Rd, Baton Rouge, LA 70809
      View Details

    Similar Nearby for Sale

    • $12,900,000
      41,356 SF

      Bluebonnet Square Shopping Center

      Baton Rouge retail center, high traffic, strong tenants.
      10330 Airline Hwy, Baton Rouge, LA 70809
      View Details
    • $2,899,000

      Fully Leased Retail Shopping Center

      Multi-tenant retail center in high-traffic Baton Rouge retail corridor.
      6212 Siegen Ln, Baton Rouge, LA 70809
      View Details
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      39,582 SF

      Commercial Land with Existing Building

      6.06 acres with 39,582 SF building on Airline Hwy.
      9550 Airline Hwy, Baton Rouge, LA 70809
      View Details
    • Contact for pricing

      Former Bank Branch on Corporate

      4,875 SF bank branch with drive-thru and ample parking.
      6919 Corporate Blvd, Baton Rouge, LA 70809
      View Details
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      3,200 SF

      Jefferson Highway Boutique Office Park

      Boutique office park on Jefferson Highway for sale.
      10525 Jefferson Hwy, Baton Rouge, LA 70809
      View Details
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      Vacant Land on Rieger Road

      6.5 acres with I-10 frontage, ideal for retail/hospitality.
      Rieger Rd, Baton Rouge, LA 70809
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      94,134 SF

      Drusilla Village Shopping Center

      Baton Rouge Retail Space Available
      3446 Drusilla Ln, Baton Rouge, LA 70809
      View Details
    • Contact for pricing

      Industriplex Blvd Commercial Space

      5,000 SF commercial space ideal for offices or showrooms.
      11211 Industriplex Blvd, Baton Rouge, LA 70809
      View Details
    • Contact for pricing

      Commercially Zoned Land For Rent

      6.06 acres of commercially zoned land with existing 39,582SF building.
      9550 Airline Hwy, Baton Rouge, LA 70809
      View Details
    • Contact for pricing

      Restaurant Space on Siegen Lane

      Former quick-serve restaurant site with high visibility and convenient access.
      7004 Siegen Ln, Baton Rouge, LA 70809
      View Details
    • Contact for pricing

      Bluebonnet Retail Center with Drive-Thru

      New retail center with drive-thru available for lease.
      3373 Bluebonnet Blvd, Baton Rouge, LA 70809
      View Details
    • Contact for pricing

      Bluebonnet Boulevard Retail/Flex Space

      Retail showroom and warehouse space available for lease on Bluebonnet.
      5330 Bluebonnet Blvd, Baton Rouge, LA 70809
      View Details
    View Listing
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    Baton Rouge, LA 70809
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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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    9618 Jefferson Hwy, Baton Rouge, LA, 70809

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