Flex Space with
For Sale
$460,000
204 Jared Drive, Broussard, LA 70518
Commercial Sale, Broussard, LA
Property Size4,000 SF
Lot Size0.34 Acres
Price / SF$115
Days on Market120
Property Features for 204 Jared Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
I-1
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2
Exterior features
OH Door 10 - 15 Ft
Subdivision
Commercial Park South
Directions
From Ambassador Caffery Parkway, head south on US-90 toward Broussard. Take the exit for South Bernard Road and turn left, then turn right onto Eola Road. Continue straight and turn right onto Jared Drive. The building will be on your right.
Standard status
Active
APN
6142815
Size
4,000 SF
Lot size
0.34 Acres
Taxes and HOA fees
Tax Description
LOT 40 COMMERCIAL PARK SOUTH (95X157.37X94.98X156.97)
Legal Description
LOT 40 COMMERCIAL PARK SOUTH (95X157.37X94.98X156.97)
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Roof type
Metal
Listing Agency:
The Gleason Group
(337) 262-7873
Listed By:
Caitlyn Williams · License #0995684676
(337) 278-2048
Added: May 18
Changed: Sep 12
Last Checked: Sep 14 at 6:06PM
MLS# 2600004397
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 4,000-square-foot flex property combines 1,650 square feet of office area with a 2,350-square-foot warehouse. The office portion includes six private offices, a reception area, a kitchenette, and two restrooms. The warehouse provides an open floor plan, overhead storage, two overhead doors, and 3-phase electrical service. Central heating and central air serve the building, which has a metal roof and public water.
Positioned within Commercial Park South at 204 Jared Drive in Broussard, the property occupies a 0.34-acre lot and carries I-1 zoning. The configuration supports a practical blend of administrative and warehouse functions within one building.
Positioned within Commercial Park South at 204 Jared Drive in Broussard, the property occupies a 0.34-acre lot and carries I-1 zoning. The configuration supports a practical blend of administrative and warehouse functions within one building.
Key Highlights
- 4,000 SF flex property on a 0.34‑acre lot
- 1,650 SF office area with six private offices
- 2,350 SF warehouse with open layout and overhead storage
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
$23,283
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
5.06%
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%
$465,660
$465.7K
Cap Rate 7%
$332,614
$332.6K
Cap Rate 9%
$258,700
$258.7K
Market Conditions
NOI Build-Up for 4,000 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
$36.0K $9.00/SF
− Vacancy
−$180 −$0.05/SF
EGI
$35.8K $8.96/SF
− OpEx
−$12.5K −$3.13/SF
NOI
$23.3K $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%
$465,660
Cap Rate 7%
$332,614
Cap Rate 9%
$258,700
Alternative Uses
Best Use
Office B
$665.0K
$581.9K – $775.8K
NOI $46,548 @ 7.0% cap · market cap 10.12%
Second Best
Flex RnD
$332.6K
$291.0K – $388.1K
NOI $23,283 @ 7.0% cap · market cap 5.06%
Theoretical Best
Office A
$945.7K
$827.5K – $1.10M
NOI $66,202 @ 7.0% cap · market cap 14.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
282
Businesses Nearby
Under-served
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
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Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - I-1-zoned property combines finished offices with functional warehouse space and dedicated loading access.
Where is this flex space located?
The property is located at 204 Jared Drive Broussard, LA.
What is the asking price?
The asking price for this property is $460,000.
What are key features of this property?
This property features: 4,000 SF flex property on a 0.34‑acre lot; 1,650 SF office area with six private offices; 2,350 SF warehouse with open layout and overhead storage
