Freestanding Flex
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 Market468
Property Features for 1003 Young Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Unzoned
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2
Parking
5
Lot features
Corner Lot
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
Tax Annual Amount
1555
Legal Description
Unincorporated Lafayette Parish Lot 4, Section 9, Township 11, South, R-5-E
Utilities
Utilities
Natural Gas Available
Sewer type
Septic Tank
Heating system
Central, Electric (Heating), Zoned
Cooling system
Central Air, Window Unit(s)
Water source
Well
Building Details
Floors in Building
1
Flooring type
Tile
Building materials
Brick, Metal Siding
Roof type
Metal
Listing Agency:
Keller Williams Realty Acadiana
(337) 735-9300
Listed By:
Calvin Lege' · License #27701
(337) 288-3304
Added: Jul 17, 2025
Changed: Oct 23
Last Checked: Oct 27 at 8:06AM
MLS# 2500001406
Copyright © 2026 ROAM MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 4,875-square-foot freestanding flex space has brick and metal siding, tile flooring, and two bathrooms. The metal roof and siding are 7 years old, and the building received new HVAC in 2023. Desks and chairs are included.
The property is on Hwy 92, also known as Young Street, in Broussard. It has a well and septic system, with natural gas available. A 500-gallon-per-day Aqua Air Mechanical System was installed, and the water well tanks were replaced in 2020.
The property is on Hwy 92, also known as Young Street, in Broussard. It has a well and septic system, with natural gas available. A 500-gallon-per-day Aqua Air Mechanical System was installed, and the water well tanks were replaced in 2020.
Key Highlights
- 4,875‑square‑foot freestanding flex building
- Located on Hwy 92 (Young Street) in Broussard
- New HVAC installed in 2023
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,373
Cap Rate
6.68%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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
Frequently Asked Questions
What type of property is this?
Flex space - A brick and metal-sided commercial building includes desks and chairs that remain with the property.
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 flex building; Located on Hwy 92 (Young Street) in Broussard; New HVAC installed in 2023
