Freestanding Flex
For Sale
$305,000
1003 Young St, Broussard, LA 70518
Updated building systems and included desks and chairs support a functional commercial workspace.
Property Size4,875 SF
Lot Size1.78 Acres
Price / SF$62.56
Days on Market382
Property Features for 1003 Young St
General Information
Standard status
Active
Size
4,875 SF
Lot size
1.78 Acres
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Furnished
Yes
Building Details
Buildings
1
Listing Agency:
Keller Williams Realty Acadiana
(337) 288-3304
Listed By:
Calvin L Lege' · License #27701
(337) 288-3304
Source:
Exprealty
Added: Jul 18, 2025
Changed: Jul 31
Last Checked: Jul 31 at 5:21PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty Acadiana
Investment Insights
Based on property information with market context.
This freestanding flex property includes a 4,875-square-foot building on a 1.78-acre tract. The building features a metal roof and siding that are 7 years old, along with HVAC installed in 2023. Desks and chairs will remain with the building, providing existing office furnishings for the next owner.
The property is located on Hwy 92, also known as Young Street, in Broussard, within the Youngsville/Broussard area. Additional improvements include water well tanks replaced in 2020 and a recently installed Aqua Air Mechanical System rated at 500 gallons per day.
The property is located on Hwy 92, also known as Young Street, in Broussard, within the Youngsville/Broussard area. Additional improvements include water well tanks replaced in 2020 and a recently installed Aqua Air Mechanical System rated at 500 gallons per day.
Key Highlights
- 4,875‑square‑foot freestanding flex building
- 1.78‑acre tract on Hwy 92, also known as Young Street
- HVAC installed in 2023
Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $29.3k | $6.00 |
| − Vacancy | −$146 | −$0.03 |
| EGI | $29.1k | $5.97 |
| − OpEx | −$8.7k | −$1.79 |
| NOI | $20.4k | $4.18 |
4,875 SF · lease $6.00/SF/yr · vacancy 0.50% · expense 30.00%
Alternative Uses
Best Use
Office B
$810.4K
$709.1K – $945.5K
NOI $56,730 @ 7.0% cap · market cap 18.60%
Second Best
Flex RnD
$405.4K
$354.7K – $472.9K
NOI $28,376 @ 7.0% cap · market cap 9.30%
Theoretical Best
Office A
$1.15M
$1.01M – $1.34M
NOI $80,683 @ 7.0% cap · market cap 26.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
38
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
Market
Vacancy Rate% for Office 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?
Flex space - Updated building systems and included desks and chairs support a functional commercial workspace.
Where is this flex space located?
The property is located at 1003 Young St Broussard, LA.
What is the asking price?
The asking price for this property is $305,000.
What are key features of this property?
This property features: 4,875‑square‑foot freestanding flex building; 1.78‑acre tract on Hwy 92, also known as Young Street; HVAC installed in 2023
