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 Market459
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
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
Central, Zoned, Electric (Heating)
Cooling system
Central Air, Window Unit(s)
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: Oct 8
Last Checked: Oct 18 at 12:06PM
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.
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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 / 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.
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Property Analytics
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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
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Market
Vacancy Rate% for Industrial in South region
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
