Flex Facility with High-Clear
For Sale
$2,650,000
1016 N Cruse Ave, Broussard, LA 70518
Combined office and warehouse improvements support administrative, industrial, energy service, and manufacturing operations.
Property Size17,520 SF
Price / SF$153.62
Days on Market208
Property Features for 1016 N Cruse Ave
General Information
Standard status
Active
Size
17,520 SF
Property subtype
Industrial
Site & Location
Highway Access
Yes
Road Access
Yes
Warehouse & Industrial
Warehouse Space
11,520 SF
Office Build-Out
6,000 SF
Drive-In Doors
3
Voltage
480 V
Three-Phase Power
Yes
Amenities
professional reception area
executive offices
large conference and training rooms
kitchen/breakroom
multiple restrooms
Building Details
Buildings
1
Building Size
17,520 SF
Listing Agency:
Beacon Realty
(337) 257-4272
Listed By:
Beau Bourque · License #995707136
(337) 257-4272
Source:
Lacdb.resimplifi
Added: Feb 2
Changed: Aug 28
Last Checked: Aug 28 at 9:35AM
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 Beacon Realty
Investment Insights
Based on property information with market context.
This flex property combines approximately 6,000 SF of office area with approximately 11,520 SF of warehouse space. The office component includes a reception area, executive offices, conference and training rooms, a kitchen/breakroom, and multiple restrooms. Warehouse improvements include 30’ eave heights, insulated walls and ceilings, three large grade-level overhead doors, and two remote-controlled 5-ton overhead cranes.
The facility is positioned just off US Highway 90 in Broussard’s Energy Corridor. Three-phase 480V power supports industrial operations, while the combination of office and high-clear warehouse areas accommodates administrative and operational functions within one property. The asset is identified as suitable for owner-users or investors, with applications described for industrial, energy service, and manufacturing users.
The facility is positioned just off US Highway 90 in Broussard’s Energy Corridor. Three-phase 480V power supports industrial operations, while the combination of office and high-clear warehouse areas accommodates administrative and operational functions within one property. The asset is identified as suitable for owner-users or investors, with applications described for industrial, energy service, and manufacturing users.
Key Highlights
- Approximately ±11,520 SF of high‑clear warehouse space
- Approximately ±6,000 SF of office space
- 30’ warehouse eave heights
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
$200,738
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
7.58%
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%
$4,014,760
$4.0M
Cap Rate 7%
$2,867,686
$2.9M
Cap Rate 9%
$2,230,422
$2.2M
Market Conditions
NOI Build-Up for 17,250 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
$310.5K $18.00/SF
− Vacancy
−$42.8K −$2.48/SF
EGI
$267.7K $15.52/SF
− OpEx
−$66.9K −$3.88/SF
NOI
$200.7K $11.64/SF
Area
Lafayette County, LA
Vacancy
13.80%
Lease Rate
$18.00 /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%
$4,014,760
Cap Rate 7%
$2,867,686
Cap Rate 9%
$2,230,422
Alternative Uses
Best Use
Office B
$2.87M
$2.51M – $3.35M
NOI $200,738 @ 7.0% cap · market cap 7.58%
Second Best
Flex RnD
$1.43M
$1.26M – $1.67M
NOI $100,408 @ 7.0% cap · market cap 3.79%
Theoretical Best
Office A
$4.08M
$3.57M – $4.76M
NOI $285,494 @ 7.0% cap · market cap 10.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
3
Drive-in doors
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
107
Businesses Nearby
Well-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 Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Combined office and warehouse improvements support administrative, industrial, energy service, and manufacturing operations.
Where is this flex space located?
The property is located at 1016 N Cruse Ave Broussard, LA.
What is the asking price?
The asking price for this property is $2,650,000.
What are key features of this property?
This property features: Approximately ±11,520 SF of high‑clear warehouse space; Approximately ±6,000 SF of office space; 30’ warehouse eave heights
