Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    New Industrial Unit For Lease Title is generated by Realmo AI

    114 Nolan Road, Broussard, LA 70518

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    COMMERCIAL - Broussard, LA

    Property size:
    1,250 SF
    Lot size:
    0.72 Acres
    Added:
    Mar 27, 2025
    Days on Market:
    421
    Last Refresh:
    May 21 at 7:06 am

    Property Features for 114 Nolan Road

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Property condition
    Under Construction
    Zoning
    Light I
    Parking features
    Off Street
    Exterior features
    OH Door 10 - 15 Ft
    Standard status
    Active
    APN
    6070508
    Size
    1,250 SF
    Lot size
    0.72 Acres

    Taxes and HOA fees

    Tax Description
    LOT 16A CASON PARK SUB (0.338 AC)(14742 SQ FT)(100X167.02X94.99X147) LOT 18A CASON PARK SUB (0.384 AC)(16714 SQ FT)(100X190X94.61X167.02)

    Building Details

    Roof type
    Metal

    We can help!

    Listing Contact
    Caitlyn Williams

    Listing agent Caitlyn Williams License #0995684676

    Listing office The Gleason Group 151 Southpark Rd, Suite 401, Lafayette, LA

    Listing date Mar 27, 2025

    MLS# 2020022111

    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.

    HighLights

    • Brand‑new, move‑in‑ready 1,250 SF industrial unit.
    • Rent includes taxes and insurance.
    • Overhead door provides easy access.
    • Plumbing stubbed out for optional office build‑out.
    • Security cameras on building and individual alarm system.
    • Ideal for storage or light industrial use.

    Overview

    A brand-new 1,250 SF industrial unit is available for lease in Broussard, LA. Suited for storage or light industrial use, the unit features an overhead door for accessibility. Plumbing is stubbed out, allowing for optional office build-out at an additional cost. Security cameras are installed on the building, and each unit is equipped with its own alarm system. The property is zoned Light I. The lot size is 0.72 acres. Taxes and insurance are included in the rent. Located at 114 Nolan Road, Broussard, LA 70518, in Lafayette County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Auto Repair Shop Building Supply Big Box & Wholesale Store Pharmacy Auto Parts Store Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Broussard
    County
    Lafayette
    State
    Louisiana
    Longitude
    -91.971561
    Latitude
    30.165483

    Nearby Similar for Lease

    • $1,912,500 SF/Yr
      17,000 SF

      Broussard Commercial Space For Rent

      17,000 SF commercial space with office and warehouse.
      105 Nova Drive, Broussard, LA 70518
      View Details
    • Contact for pricing
      5,200 SF

      Spacious Office Space in Broussard

      5,200 sq ft commercial office space for lease.
      108 Kol Drive, Broussard, LA 70518
      View Details
    • $699,000 SF/Yr
      15,000 SF

      Broussard Commercial Property For Rent

      Industrial property with excellent visibility and access off Hwy 90.
      102 Cason Road, Broussard, LA 70518
      View Details
    • Contact for pricing
      17,222 SF

      Industrial Facility with Highway Frontage

      Well-maintained industrial facility on 3.5 acres with highway frontage.
      6127 E Hwy 90, Broussard, LA 70518
      View Details
    • Contact for pricing
      4,000 SF

      Industrial Facility Near Highway 90

      Versatile industrial building with accessibility for manufacturing, distribution, or commercial.
      110 Brush Road, Broussard, LA 70518
      View Details
    • $834,000 SF/Yr
      6,000 SF

      New Industrial Building in Broussard

      6,000 SF industrial building with office space for lease.
      102 Ibex Lane, Broussard, LA 70518
      View Details
    • Contact for pricing
      1,849 SF

      Restored Home in Broussard, LA

      Restored home suitable for boutique or office space.
      417 W Main Street, Broussard, LA 70518
      View Details
    • Contact for pricing
      7,160 SF

      Broussard Industrial Space For Lease

      7,160 SF industrial space with showroom/retail area for lease.
      116 Nolan Road, Broussard, LA 70518
      View Details
    • $2,300/Mo
      4,000 SF

      Broussard Warehouse/Office Space Available

      4,000 SF warehouse/office space for lease in Broussard, LA.
      204 Burgess Drive, Broussard, LA 70518
      View Details
    • $8 SF/Yr
      32,114 SF

      Climatized Office/Warehouse Facility For Lease

      32,114 SF office/warehouse with climate control and functional layout.
      1196 Petroleum Pkwy, Broussard, LA 70518
      View Details
    • Contact for pricing
      1,250 SF

      Broussard Commercial Space For Rent

      Commercial space for rent in Broussard, Louisiana, near Hwy 90.
      115 Cason Road, Broussard, LA 70518
      View Details
    • Contact for pricing
      18,900 SF

      Warehouse Space with Cranes

      Warehouse space with covered parking and crane systems available for lease.
      6201 Hwy 90 E, Broussard, LA 70518
      View Details

    FAQs

    What type of property is this?
    Flex space - 1,250 SF industrial unit for lease in Broussard, LA.
    Where is this flex space located?
    The property is located at 114 Nolan Road Broussard, LA.
    What are key features of this property?
    This property features: Brand‑new, move‑in‑ready 1,250 SF industrial unit.; Rent includes taxes and insurance.; Overhead door provides easy access.
    (337) 278-2048
    We can help!
    Listing Contact
    Caitlyn Williams
    Real Estate License ID: 0995684676
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    114 Nolan Road, Broussard, LA 70518
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!