Restaurant Building with Pole
New
For Sale
$1,100,000
101 E 2nd Street, Broussard, LA 70518
Commercial Sale, Broussard, LA
Property Size7,380 SF
Lot Size0.72 Acres
Price / SF$149.05
Days on Market6
Property Features for 101 E 2nd Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C1
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 1, Bathroom 3, Bathroom 2, Bathroom 4
Parking
40
Security features
Security System
Exterior features
OH Door < 10 Ft, Pole Sign
Lot features
Additional Land Avail, Corner
Directions
Turn left on Morgan from Main St. Corner of Morgan and Second St
Subdivision
O
Standard status
Active
APN
6025337
Size
7,380 SF
Lot size
0.72 Acres
Taxes and HOA fees
Tax Description
LOTS 11-12-13-14-15-16-17- 18-19-20 BLK 4 EAST BROUSSARD ADDITION (250X125) (OLD EDMOND COMEAUX HOME 1908) NASH'S RESTAURANT
Legal Description
LOTS 11-12-13-14-15-16-17- 18-19-20 BLK 4 EAST BROUSSARD ADDITION (250X125) (OLD EDMOND COMEAUX HOME 1908) NASH'S RESTAURANT
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Floors in Building
2
Flooring type
Tile, Wood
Roof type
Metal
Listing Agency:
Coldwell Banker Trahan Real Estate Group
(337) 993-1414
Listed By:
Todd Trahan · License #995687221
(337) 258-0519
Added: Aug 31
Changed: Sep 2
Last Checked: Sep 5 at 12:06AM
MLS# 2600008251
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 conventional restaurant property contains 7,380 square feet on a 0.72-acre site. The building includes four bathrooms and combines tile and wood flooring with central heating and central air conditioning. A metal roof, public water service, an overhead door under 10 feet, and a pole sign are among the existing physical features.
Located in Broussard, Louisiana, the property is identified as C1-zoned commercial real estate. The site offers a restaurant-oriented building with established building systems and a combination of customer-facing and support-area features.
Located in Broussard, Louisiana, the property is identified as C1-zoned commercial real estate. The site offers a restaurant-oriented building with established building systems and a combination of customer-facing and support-area features.
Key Highlights
- 7,380‑square‑foot restaurant property
- 0.72‑acre site
- C1 zoning
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
$95,895
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
8.72%
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%
$1,917,900
$1.9M
Cap Rate 7%
$1,369,929
$1.4M
Cap Rate 9%
$1,065,500
$1.1M
Market Conditions
NOI Build-Up for 7,380 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
$139.0K $18.84/SF
− Vacancy
−$11.2K −$1.51/SF
EGI
$127.9K $17.33/SF
− OpEx
−$32.0K −$4.33/SF
NOI
$95.9K $12.99/SF
Area
Lafayette County, LA
Vacancy
8.04%
Lease Rate
$18.84 /SF/Yr
Expense Ratio
25.00%
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%
$1,917,900
Cap Rate 7%
$1,369,929
Cap Rate 9%
$1,065,500
Alternative Uses
Best Use
Specialty Retail
$1.37M
$1.20M – $1.60M
NOI $95,895 @ 7.0% cap · market cap 8.72%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.74M
$1.53M – $2.04M
NOI $122,142 @ 7.0% cap · market cap 11.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
448
Businesses Nearby
Under-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 Retail 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?
Conventional restaurant - C1-zoned restaurant property with central HVAC, public water, and a metal roof.
Where is this conventional restaurant located?
The property is located at 101 E 2nd Street Broussard, LA.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 7,380‑square‑foot restaurant property; 0.72‑acre site; C1 zoning
