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    New Industrial Building in Shenandoah

    102 Ibex Ln Broussard, LA 70518

    Claim this Listing
    For Sale
    $834,000

    6,000 SF industrial building with office space for sale.

    Property size:
    6,000 SF
    Lot size:
    0.53 Acres
    Price / SF:
    $139/SF
    Added:
    Apr 30, 2025
    Days on Market:
    438
    Last Refresh:
    Jun 29 at 5:24 am

    Property Features for 102 Ibex Ln

    General Information

    Standard status
    Active
    Size
    6,000 SF
    Lot size
    0.53 Acres

    Listing office The Gleason Group

    Listing date Apr 30, 2025

    Source Exprealty

    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 The Gleason Group

    Investment Insights

    Based on property information with market context.

    This is a new 6,000 square foot industrial building located in Shenandoah Park. The building includes approximately 4,950 square feet of warehouse space and approximately 1,050 square feet of office space. The layout features two 14' x 14' overhead doors, three offices, a meeting room, a reception area, and two restrooms. The seller is willing to climatize the warehouse.

    Key Highlights

    • Brand new 6,000 SF industrial building.
    • +/- 4,950 square feet of warehouse space.
    • +/- 1,050 square feet of office space.

    Local Financial Insights For Office B

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $108.0k $18.00
    − Vacancy −$14.9k −$2.48
    EGI $93.1k $15.52
    − OpEx −$23.3k −$3.88
    NOI $69.8k $11.64
    6,000 SF · lease $18.00/SF/yr · vacancy 13.80% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $997.5K
    $872.8K – $1.16M (±1% cap)
    NOI $69,822 @ 7.0% cap · market cap 8.37%
    Second Best
    Warehouse
    $435.0K
    $380.6K – $507.5K (±1% cap)
    NOI $30,447 @ 7.0% cap · market cap 3.65%
    Theoretical Best
    Office A
    $1.42M
    $1.24M – $1.66M (±1% cap)
    NOI $99,302 @ 7.0% cap · market cap 11.91%
    Zoning and permitted uses should be independently verified with local authorities.

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Law Firm Real Estate Agency Dental Office Furniture & Home Goods (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Locksmith Carpet & Flooring Store (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store

    Zoning and permitted uses should be independently verified with local authorities.

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    FAQs

    What type of property is this?
    Warehouse - 6,000 SF industrial building with office space for sale.
    Where is this warehouse located?
    The property is located at 102 Ibex Ln 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: Brand new 6,000 SF industrial building.; +/- 4,950 square feet of warehouse space.; +/- 1,050 square feet of office space.
    Contact an agent
    (337) 781-6614
    We can help!
    Contact an agent
    Robert Crouchet
    Robert Crouchet
    Real Estate License ID: 47346
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