Office-Warehouse Mixed-Use
New
For Sale
$1,420,000
117 Nolan Road, Broussard, LA 70518
Commercial Sale, Broussard, LA
Property Size10,191 SF
Lot Size0.44 Acres
Price / SF$139.34
Days on Market2
Property Features for 117 Nolan Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
COMMERCIA
Parking
20
Parking features
Parking Lot
Security features
Security System
Exterior features
Door Sign, Fully Fenced, OH Door 10 - 15 Ft, OH Door 16 - 20 Ft, Outside Storage, Storage Building
Fencing
Full
Subdivision
Cason Park
Directions
Hwy 90 S from airport to Shannon Hardware-left on Nolan Rd. Property on left-Motion Industries
Standard status
Active
APN
6020984
Size
10,191 SF
Lot size
0.44 Acres
Taxes and HOA fees
Tax Description
LOT 17 CASON PARK SUB (100X190)
Legal Description
LOT 17 CASON PARK SUB (100X190)
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
reception area
conference room
kitchen/breakroom
restrooms
climate-controlled office
natural gas generator
Building Details
Floors in Building
1
Roof type
Metal
Additional Structures
Storage
Listing Agency:
Keaty Real Estate Team
(337) 235-7770
Listed By:
Matthew Delcambre · License #995712933
(337) 315-1460
Added: Sep 14
Last Checked: Sep 15 at 4:06PM
MLS# 2600008599
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.
Located at 117 Nolan Road in Broussard, this mixed-use commercial facility contains 10,191 square feet across approximately 6,000 square feet of office space and 4,191 square feet of warehouse area. The office portion includes reception and waiting areas, private offices, conference rooms, glass-partitioned work areas, a kitchen and breakroom, restrooms, and central climate control. The warehouse provides insulated open work and storage space, an additional restroom, an approximately 18-foot peak height, and three overhead doors measuring 12 feet by 14 feet.
The property occupies approximately 0.44 acres just off Highway 90, with 20 concrete parking spaces, street access, full fencing, and a Flood Zone X designation. A natural gas generator can power the entire building during an outage. Additional features include a metal roof, public water, central air, a parking lot, and outside storage capability.
The property occupies approximately 0.44 acres just off Highway 90, with 20 concrete parking spaces, street access, full fencing, and a Flood Zone X designation. A natural gas generator can power the entire building during an outage. Additional features include a metal roof, public water, central air, a parking lot, and outside storage capability.
Key Highlights
- 10,191‑square‑foot mixed‑use facility with approximately 6,000 SF of office space and 4,191 SF of warehouse area
- Warehouse includes three 12‑foot‑by‑14‑foot overhead doors and an approximately 18‑foot peak height
- Approximately 0.44 acres with 20 concrete parking spaces and full fencing
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$102,381
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.21%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,047,620
$2.0M
Cap Rate 7%
$1,462,586
$1.5M
Cap Rate 9%
$1,137,567
$1.1M
Market Conditions
NOI Build-Up for 10,191 SF
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.
Gross rent
$183.4K $18.00/SF
− Vacancy
−$19.6K −$1.93/SF
EGI
$163.8K $16.07/SF
− OpEx
−$61.4K −$6.03/SF
NOI
$102.4K $10.05/SF
Area
Lafayette County, LA
Vacancy
10.70%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,047,620
Cap Rate 7%
$1,462,586
Cap Rate 9%
$1,137,567
Alternative Uses
Best Use
Mixed Use
$1.46M
$1.28M – $1.71M
NOI $102,381 @ 7.0% cap · market cap 7.21%
Second Best
Warehouse
$738.8K
$646.4K – $861.9K
NOI $51,714 @ 7.0% cap · market cap 3.64%
Theoretical Best
Office A
$2.41M
$2.11M – $2.81M
NOI $168,665 @ 7.0% cap · market cap 11.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
318
Businesses Nearby
Explore this area
Business Placement
Demographics for 70518, LA
16,683
Population
6,724
Households
2.5
Avg Household Size
37
Median Age
38%
College-Educated
90%
High-School Grad
41.7 sq mi
ZIP Area
400
Density / Sq Mi
$103,574
Median Household Income
$51,210
Median Earnings
$997
Median Rent
$287,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Versatile commercial facility combining climate-controlled offices with insulated warehouse space and fenced parking.
Where is this mixed-use property located?
The property is located at 117 Nolan Road Broussard, LA.
What is the asking price?
The asking price for this property is $1,420,000.
What are key features of this property?
This property features: 10,191‑square‑foot mixed‑use facility with approximately 6,000 SF of office space and 4,191 SF of warehouse area; Warehouse includes three 12‑foot‑by‑14‑foot overhead doors and an approximately 18‑foot peak height; Approximately 0.44 acres with 20 concrete parking spaces and full fencing
