Freestanding Flex Space with Office
For Sale
$305,000
1003 Young Street, Broussard, LA 70518
Commercial Sale, Broussard, LA
Property Size4,875 SF
Lot Size1.79 Acres
Price / SF$62.56
Days on Market437
Property Features for 1003 Young Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Unzoned
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1
Parking
5
Parking features
Off Street
Exterior features
OH Door 10 - 15 Ft, Partially Fenced
Fencing
Partial
Lot features
Corner
Directions
Ambassador Caffery to Hwy 90, turn right go thru Broussard to Hwy 92, turn right on Hwy 92 (Young St) for 1.5 mile - Building on right.
Subdivision
O
Standard status
Active
APN
6009683
Size
4,875 SF
Lot size
1.79 Acres
Taxes and HOA fees
Tax Description
Unincorporated Lafayette Parish Lot 4, Section 9, Township 11, South, R-5-E
Legal Description
Unincorporated Lafayette Parish Lot 4, Section 9, Township 11, South, R-5-E
Utilities
Sewer type
Septic Tank
Heating system
Zoned, Electric (Heating), Central
Cooling system
Window Unit(s), Central Air
Water source
Well
Building Details
Floors in Building
1
Flooring type
Tile
Roof type
Metal
Listing Agency:
Keller Williams Realty Acadiana
(337) 735-9300
Listed By:
Calvin L Lege' · License #27701
(337) 288-3304
Added: Jul 17, 2025
Changed: Sep 13
Last Checked: Sep 26 at 5:06AM
MLS# 2500001406
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 4,875-square-foot freestanding flex property sits on 1.79 acres and is classified as Unzoned. The building includes two bathrooms, tile flooring, a metal roof, partial fencing, and an overhead door measuring 10–15 feet. Central air and electric heating serve the building, with window units also present. Desks and chairs remain with the property.
Mechanical and site improvements include a new HVAC system installed in 2023, water well tanks replaced in 2020, and a 500-gallon-per-day Aqua Air mechanical system. The property uses a well and septic tank, with off-street parking available. It fronts Young Street, also identified as Hwy 92, in Broussard, Louisiana.
Mechanical and site improvements include a new HVAC system installed in 2023, water well tanks replaced in 2020, and a 500-gallon-per-day Aqua Air mechanical system. The property uses a well and septic tank, with off-street parking available. It fronts Young Street, also identified as Hwy 92, in Broussard, Louisiana.
Key Highlights
- 4,875‑square‑foot freestanding building on 1.79 acres
- New HVAC installed in 2023
- Metal roof and siding are 7 years old
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
$20,373
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
6.68%
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%
$407,460
$407.5K
Cap Rate 7%
$291,043
$291.0K
Cap Rate 9%
$226,367
$226.4K
Market Conditions
NOI Build-Up for 4,875 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
$29.3K $6.00/SF
− Vacancy
−$146 −$0.03/SF
EGI
$29.1K $5.97/SF
− OpEx
−$8.7K −$1.79/SF
NOI
$20.4K $4.18/SF
Area
Lafayette County, LA
Vacancy
0.50%
Lease Rate
$6.00 /SF/Yr
Expense Ratio
30.00%
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%
$407,460
Cap Rate 7%
$291,043
Cap Rate 9%
$226,367
Alternative Uses
Best Use
Flex RnD
$405.4K
$354.7K – $472.9K
NOI $28,376 @ 7.0% cap · market cap 9.30%
Second Best
Industrial
$291.0K
$254.7K – $339.6K
NOI $20,373 @ 7.0% cap · market cap 6.68%
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
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
55
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 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?
Flex space - Low-maintenance commercial building with updated mechanical systems, on-site parking, and partial fencing.
Where is this flex space located?
The property is located at 1003 Young Street 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 building on 1.79 acres; New HVAC installed in 2023; Metal roof and siding are 7 years old
