Free-Standing Flex
1003 Young Street Broussard, LA 70518
1003 Young Street, Broussard, LA, 70518
$305,000
For Sale
$305,000
COMMERCIAL - Broussard, LA
Property Size4,875 SF
Lot Size1.79 Acres
Price / SF$62.56
Days on Market371
Property Features for 1003 Young Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Unzoned
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bathroom 2
- Parking
- 5
- Parking features
- Off Street
- Exterior features
- OH Door 10 - 15 Ft, Partially Fenced
- Fencing
- Partial
- Standard status
- Active
- APN
- 6009683
- Size
- 4,875 SF
- Lot size
- 1.79 Acres
Taxes and HOA fees
- Tax Description
- Unincorporated Lafayette Parish Lot 4, Section 9, Township 11, South, R-5-E
Utilities
- Sewer type
- Septic Tank
- Heating system
- Electric (Heating), Central, Zoned
- Cooling system
- Central Air, Window Unit(s)
- Water source
- Well
Building Details
- Floors in Building
- 1
- Flooring type
- Tile
- Roof type
- Metal
Listing agency
Keller Williams Realty Acadiana
(337) 735-9300
Listed by
Calvin L Lege' · License #27701
(337) 288-3304
Added: Jul 17, 2025 Updated: Jul 21 at 5:38AM Checked: Jul 22 at 1:06AM
MLS# 2500001406
Copyright © 2026 Realtor Association of Acadiana. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This free-standing flex property offers 4,875 square feet in a low-maintenance building on a 1.79-acre tract. Updates include a new HVAC system installed in 2023, a metal roof and siding approximately seven years old, and replacement of water well tanks in 2020. A 500-gallon-per-day Aqua Air Mechanical System was recently installed. All desks and chairs will remain with the building.
The property is located at 1003 Young Street (Hwy 92) in Broussard, LA, and is described as having highly visible placement on a well-traveled roadway. Zoning is listed as unzoned.
The space is well-suited for an owner-user seeking a compact, maintained building with built-in office furnishings included.
The property is located at 1003 Young Street (Hwy 92) in Broussard, LA, and is described as having highly visible placement on a well-traveled roadway. Zoning is listed as unzoned.
The space is well-suited for an owner-user seeking a compact, maintained building with built-in office furnishings included.
Key Highlights
- 1.78‑acre free‑standing commercial tract on Hwy 92 (Young Street) with off‑street parking
- New HVAC system installed in 2023; central air and zoned electric heating plus window unit(s)
- Metal roof; siding is about 7 years old; water well tanks replaced in 2020
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $29.3k | $6.00 |
| − Vacancy | −$146 | −$0.03 |
| EGI | $29.1k | $5.97 |
| − OpEx | −$4.4k | −$0.90 |
| NOI | $24.7k | $5.07 |
4,875 SF · lease $6.00/SF/yr · vacancy 0.50% · expense 15.00%
Alternative Uses
Best Use
Office B
$810.4K
$709.1K – $945.5K
NOI $56,730 @ 7.0% cap · market cap 18.60%
Second Best
Flex RnD
$405.4K
$354.7K – $472.9K
NOI $28,376 @ 7.0% cap · market cap 9.30%
Theoretical Best
Office A
$1.15M
$1.01M – $1.34M
NOI $80,683 @ 7.0% cap · market cap 26.45%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - New HVAC installed in 2023 with a metal roof and siding approximately seven years old.
Where is this flex space located?
The property is located at 1003 Young Street Broussard, LA.
What is the asking price?
The asking price for this property is $305,000.
What are key features of this property?
This property features: 1.78‑acre free‑standing commercial tract on Hwy 92 (Young Street) with off‑street parking; New HVAC system installed in 2023; central air and zoned electric heating plus window unit(s); Metal roof; siding is about 7 years old; water well tanks replaced in 2020
