Industrial Flex Space
For Sale
$625,000
204 Burgess Drive, Broussard, LA 70518
Commercial Sale, Broussard, LA
Property Size8,000 SF
Lot Size0.60 Acres
Price / SF$77.74
Days on Market406
Property Features for 204 Burgess Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
IL
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 1, Bathroom 3, Bathroom 2, Bathroom 4
Parking features
Off Street, Parking Lot
Exterior features
Door Sign, OH Door 10 - 15 Ft, Partially Fenced
Fencing
Partial
Subdivision
Broussard Park
Directions
Take Verot School road to Hwy 90, turn right. Then turn left onto Eola road. Take a left onto Regal and a right onto Burgess. The Property is on your right.
Standard status
Active
APN
6048509
Size
8,040 SF
Lot size
0.60 Acres
Taxes and HOA fees
Tax Description
LOT 347-A BROUSSARD PARK EXT 1
Legal Description
LOT 347-A BROUSSARD PARK EXT 1
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Floors in Building
1
Building materials
Stucco
Roof type
Metal
Listing Agency:
The Gleason Group
(337) 262-7873
Listed By:
Caitlyn Williams · License #0995684676
(337) 278-2048
Added: Aug 5, 2025
Changed: Sep 13
Last Checked: Sep 14 at 4:06PM
MLS# 2500002036
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 industrial flex property contains 8,040 square feet within two separate suites of approximately 4,000 SF each. Suite C is currently leased. The building includes approximately 1,280 SF of office space and approximately 2,725 SF of warehouse area, along with a 16-foot eave height, mezzanine storage, one overhead door, three-phase power, and LED lighting. Central heating and central air serve the property, which has a metal roof and stucco construction.
Situated on approximately 0.6 acres at 204 Burgess Drive in Broussard, Louisiana, the site includes a parking lot, off-street parking, public water, and partial fencing. The property is zoned IL and offers two separately arranged commercial suites.
Situated on approximately 0.6 acres at 204 Burgess Drive in Broussard, Louisiana, the site includes a parking lot, off-street parking, public water, and partial fencing. The property is zoned IL and offers two separately arranged commercial suites.
Key Highlights
- 8,040‑square‑foot building on approximately 0.6 acres
- Two separate suites of approximately 4,000 SF each
- Suite C is currently leased
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
$46,799
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
7.49%
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%
$935,980
$936.0K
Cap Rate 7%
$668,557
$668.6K
Cap Rate 9%
$519,989
$520.0K
Market Conditions
NOI Build-Up for 8,040 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
$72.4K $9.00/SF
− Vacancy
−$362 −$0.05/SF
EGI
$72.0K $8.96/SF
− OpEx
−$25.2K −$3.13/SF
NOI
$46.8K $5.82/SF
Area
Lafayette County, LA
Vacancy
0.50%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
35.00%
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%
$935,980
Cap Rate 7%
$668,557
Cap Rate 9%
$519,989
Alternative Uses
Best Use
Office B
$1.34M
$1.17M – $1.56M
NOI $93,561 @ 7.0% cap · market cap 14.97%
Second Best
Flex RnD
$668.6K
$585.0K – $780.0K
NOI $46,799 @ 7.0% cap · market cap 7.49%
Theoretical Best
Office A
$1.90M
$1.66M – $2.22M
NOI $133,065 @ 7.0% cap · market cap 21.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Office units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
340
Businesses Nearby
Balanced
Demand for This Use
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 Office in South region
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Frequently Asked Questions
What type of property is this?
Flex space - Two separately configured suites include office and warehouse areas, with partial fencing and public water service.
Where is this flex space located?
The property is located at 204 Burgess Drive Broussard, LA.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: 8,040‑square‑foot building on approximately 0.6 acres; Two separate suites of approximately 4,000 SF each; Suite C is currently leased
