Industrial Warehouse with Office
For Sale
$834,000
102 Ibex Lane, Broussard, LA 70518
Commercial Sale, Broussard, LA
Property Size6,000 SF
Lot Size0.53 Acres
Price / SF$139
Days on Market549
Property Features for 102 Ibex Lane
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
I-L
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2
Parking
10
Lot features
Cul-De-Sac
Directions
Head South East on US-90. Turn left onto Garber Rd. Turn right onto E Nola Rd. Turn left onto Jared Dr. Turn left onto Ibex Ln. Property will be on the right.
Subdivision
H
Standard status
Active
APN
6155778
Size
6,000 SF
Lot size
0.53 Acres
Additional Details
Property Use
Industrial
Taxes and HOA fees
Tax Description
Lot 3 Shenandoah Park (113.12X204.56X113.12X204.47)
Legal Description
Lot 3 Shenandoah Park (113.12X204.56X113.12X204.47)
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Floors in Building
1
Building materials
Metal Siding
Roof type
Metal
Buildings
1
Listing Agency:
The Gleason Group
(337) 262-7873
Listed By:
Robert Crouchet · License #47346
(337) 781-6614
Added: Apr 29, 2025
Changed: Oct 28
Last Checked: Oct 29 at 6:06AM
MLS# 2020023337
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This newly constructed 6,000-square-foot industrial building contains approximately 4,950 square feet of warehouse space and 1,050 square feet of office space. The office area includes three offices, a meeting room, a reception area, and two restrooms. Two 14-foot-by-14-foot overhead doors provide warehouse access. The building has metal siding and a metal roof, with central heating and central air conditioning.
The property occupies 0.53 acres in Broussard and is zoned I-L. Public water and public sewer serve the site.
The property occupies 0.53 acres in Broussard and is zoned I-L. Public water and public sewer serve the site.
Key Highlights
- 6,000 square feet total, with approximately 4,950 square feet of warehouse and 1,050 square feet of office space
- Two 14' x 14' overhead doors
- Office area includes three offices, a meeting room, reception area, and two restrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,447
Cap Rate
3.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$608,940
$608.9K
Cap Rate 7%
$434,957
$435.0K
Cap Rate 9%
$338,300
$338.3K
Market Conditions
NOI Build-Up for 6,000 SF
Gross rent
$36.0K $6.00/SF
− Vacancy
−$180 −$0.03/SF
EGI
$35.8K $5.97/SF
− OpEx
−$5.4K −$0.90/SF
NOI
$30.4K $5.07/SF
Area
Lafayette County, LA
Vacancy
0.50%
Lease Rate
$6.00 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$608,940
Cap Rate 7%
$434,957
Cap Rate 9%
$338,300
Alternative Uses
Best Use
Warehouse
$435.0K
$380.6K – $507.5K
NOI $30,447 @ 7.0% cap · market cap 3.65%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.42M
$1.24M – $1.66M
NOI $99,302 @ 7.0% cap · market cap 11.91%
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
Location Intelligence
Trade Area within ½ mile
282
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
Similar Off Market Nearby
- Panificadora Self Storage Unit — 407 N Morgan Ave, Broussard, LA 70518
- Clima Secur Boat & RV Storage — 101 Swaco Way, Broussard, LA 70518
Frequently Asked Questions
What type of property is this?
Warehouse - A newly built facility pairs warehouse capacity with dedicated offices, a meeting room, and reception area.
Where is this warehouse located?
The property is located at 102 Ibex Lane Broussard, LA.
What is the asking price?
The asking price for this property is $834,000.
What are key features of this property?
This property features: 6,000 square feet total, with approximately 4,950 square feet of warehouse and 1,050 square feet of office space; Two 14' x 14' overhead doors; Office area includes three offices, a meeting room, reception area, and two restrooms
