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    108-124 S Jefferson St Broussard, LA 70518

    Sponsored
    For Sale
    Pending
    $1,219,000

    MULTI_FAMILY - Broussard, LA

    Property size:
    4,725 SF
    Days on Market:
    25
    Last Refresh:
    Feb 26 at 5:06 am

    Property Features for 108-124 S Jefferson St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Property condition
    Under Construction
    Standard status
    Pending
    APN
    6172990
    Parking
    18
    Parking features
    Assigned, Parking Lot
    Interior features
    High Ceilings, 9+ Ft Ceiling, Electric Dryer Connection, Electric Stove Connection, Electric Washer Connection, Master Bath
    Exterior features
    Lighting, Outside Light
    Appliances
    Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Washer, Electric Range
    Size
    4,725 SF

    Utilities

    Heating system
    Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Floors in Building
    1
    Number of units
    9
    Building materials
    Stucco
    Roof type
    Metal, Composition

    We can help!

    Listing Contact
    Will Taylor

    The Gleason Group (337) 262-7873

    Listing agent Will Taylor License #0995699690

    Listing date Feb 2, 2026

    MLS# 23010016

    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.

    Learn more

    Property Insight Report

    Overview

    New Broussard Townhouse Investment Opportunity

    The Villas at Jefferson present a new townhouse community for sale, built in 2023. This investment property is 100% occupied and comprises 9 units, offered as a package deal. The property provides a turnkey operation with a full roster of tenants. The annual gross rental income totals $113,820. Each unit features a one-bedroom, one-bathroom layout, with new systems including HVAC, plumbing, electrical, roof, appliances, and finishes. Each unit has 2 assigned parking spaces, totaling 18 spaces. Tenants are responsible for all utilities, including electricity, water, sewer, trash, and cable/internet. The owner covers lawn care at an annual cost of $3,700, insurance at $13,523.56 annually, and property taxes (amount to be determined). Located in flood zone X, no flood insurance is required. The property size is 4,725 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Broussard
    County
    Lafayette
    State
    Louisiana
    Longitude
    -91.967252
    Latitude
    30.147757

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    FAQs

    What type of property is this?
    Apartment building - Turnkey, fully occupied townhouse community built in 2023 for sale.
    Where is this apartment building located?
    The property is located at 108-124 S Jefferson St Broussard, LA.
    What is the asking price?
    The asking price for this property is $1,219,000.
    What are key features of this property?
    This property features: - 100% Occupied Turnkey Investment: Provides immediate rental income.; - Brand New Construction (2023): Ensures minimal maintenance and modern amenities.; - Strong Annual Gross Rental Income: Generates $113,820 annually.
    (318) 664-4945
    Request Owner's contact information
    108-124 S Jefferson St Broussard, LA 70518
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    Broussard, LA 70518
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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.

    More about this property
    108-124 S Jefferson St Broussard, LA 70518
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    We can help!
    Listing Contact
    Will Taylor
    Real Estate License ID: 0995699690
    (318) 664-4945 (337) 262-7873
    Learn more
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