10330 Airline HwyBaton Rouge, LA 70809

Property Details for 10330 Airline Hwy

Property size (Sq ft)

39,457 SF

Property type

Investment properties

Property subtype

Retail residential properties

APN

508314

APU

508314

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $6,868,788

  6.5%

  $6,340,420

  7%

  $5,887,532

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,665,213

  Geo Method

  $18,310,198

• Alternative Use

  Use

  Valuation

  Residential

  $6,340,420

  Hospitality

  $5,807,790

  Educational

  $4,832,013

  Medical

  $4,998,194

  Retail

  $7,516,465

Location Insight

City

Baton Rouge

County

East Baton Rouge

State

Louisiana

Latitude

30.4167

Longitude

-91.0713

CBSA code

12940

CBSA name

BATON ROUGE, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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