Climate-Controlled
For Sale
$399,000
212 Tubing Road, Broussard, LA 70518
COMMERCIAL - Broussard, LA
Property Size4,000 SF
Lot Size1.00 Acre
Price / SF$99.75
Days on Market155
Property Features for 212 Tubing Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2
Parking features
Off Street, Covered
Exterior features
OH Door 10 - 15 Ft, Partially Fenced
Fencing
Partial
Directions
Take Ambassador Caffery Pkwy to Youngsville Highway and take a left. Go 2.4 miles to Tideland Rd. and take a right. Go 800 ft and turn left onto Tubing. The Property is on your right.
Subdivision
O
Standard status
Active
APN
6043915
Size
4,000 SF
Lot size
1.00 Acre
Taxes and HOA fees
Tax Description
Lot 89-A Voorhies Industrial Park (0.534 Ac) (100X215x105x250)
Legal Description
Lot 89-A Voorhies Industrial Park (0.534 Ac) (100X215x105x250)
Utilities
Sewer type
Septic Tank, Private Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air, Window Unit(s), Ceiling Fan(s)
Water source
Private
Building Details
Floors in Building
1
Flooring type
Concrete, Tile - Ceramic
Roof type
Metal
Listing Agency:
HUNCO Real Estate
(337) 889-5711
Listed By:
William G Raines · License #0995684992
(337) 344-7173
Added: Mar 11
Changed: Aug 5
Last Checked: Aug 12 at 12:06PM
MLS# 2600001922
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 warehouse occupies two lots totaling 1 acre at 212 Tubing Road in Broussard. The building offers a fully air-conditioned interior, concrete and ceramic tile flooring, two bathrooms, and a large glass roll-up door for loading. Central and electric heating, central air, window units, and ceiling fans provide multiple climate-control components.
Recent improvements include new exterior walls and a fully replaced metal roof. The property also includes covered and off-street parking, partial fencing, private water, septic service, and private sewer. Located near Highway 90, the Commercial-zoned site provides room for outdoor storage, fleet parking, or additional site development, subject to applicable approvals.
Recent improvements include new exterior walls and a fully replaced metal roof. The property also includes covered and off-street parking, partial fencing, private water, septic service, and private sewer. Located near Highway 90, the Commercial-zoned site provides room for outdoor storage, fleet parking, or additional site development, subject to applicable approvals.
Key Highlights
- 4,000‑square‑foot warehouse on two lots totaling 1 acre
- Fully air‑conditioned interior with central air, window units, and ceiling fans
- Large glass overhead door measuring 10 - 15 Ft
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
$20,298
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
5.09%
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%
$405,960
$406.0K
Cap Rate 7%
$289,971
$290.0K
Cap Rate 9%
$225,533
$225.5K
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
$24.0K $6.00/SF
− Vacancy
−$120 −$0.03/SF
EGI
$23.9K $5.97/SF
− OpEx
−$3.6K −$0.90/SF
NOI
$20.3K $5.07/SF
Area
Lafayette County, LA
Vacancy
0.50%
Lease Rate
$6.00 /SF/Yr
Expense Ratio
15.00%
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%
$405,960
Cap Rate 7%
$289,971
Cap Rate 9%
$225,533
Alternative Uses
Best Use
Warehouse
$290.0K
$253.7K – $338.3K
NOI $20,298 @ 7.0% cap · market cap 5.09%
Second Best
Industrial
$238.8K
$209.0K – $278.6K
NOI $16,716 @ 7.0% cap · market cap 4.19%
Theoretical Best
Office A
$945.7K
$827.5K – $1.10M
NOI $66,202 @ 7.0% cap · market cap 16.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
396
Businesses Nearby
Well-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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- AAA U-Store-UM — 3515 Hwy 90 E, Broussard, LA 70518
- Acadiana Movers — 120 Southpark Rd, Lafayette, LA 70508
- Southpark Self Storage — 3540 W Pinhook Rd, Lafayette, LA 70508
- All American Transfer And Storage — 120 Southpark Rd, Lafayette, LA 70508
Frequently Asked Questions
What type of property is this?
Warehouse - Commercially zoned facility with upgraded building systems and overhead loading access near Highway 90.
Where is this warehouse located?
The property is located at 212 Tubing Road Broussard, LA.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: 4,000‑square‑foot warehouse on two lots totaling 1 acre; Fully air‑conditioned interior with central air, window units, and ceiling fans; Large glass overhead door measuring 10 - 15 Ft
