Climate-Controlled Industrial
For Sale
$695,000
102 Jared Dr, Broussard, LA 70518
Renovated warehouse with fully climate-controlled space, 14-foot clear height, and 3-phase power, plus on-site office space.
Property Size6,200 SF
Lot Size0.38 Acres
Price / SF$112.10
Days on Market94
Property Features for 102 Jared Dr
General Information
Standard status
Active
Size
6,200 SF
Lot size
0.38 Acres
Property subtype
Industrial
Warehouse & Industrial
Clear Height
14 ft
Heavy Power
Yes
Additional Details
Highway Access
Yes
Building Details
Building Size
6,200 SF
Listing Agency:
Elifin Realty
Listed By:
Mark Johns · License #995715972
(501) 513-7394
Source:
Elifinrealty
Added: Jun 2
Changed: Sep 3
Last Checked: Sep 2 at 4:35PM
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 Elifin Realty
Investment Insights
Based on property information with market context.
102 Jared Dr presents a renovated, climate-controlled industrial facility featuring a warehouse component with a 14-foot clear height and 3-phase power. The building also includes approximately 1,200 SF of office space, totaling a combined facility footprint that sits on a 16,611 SF lot.
The property is positioned within a well-established industrial corridor and offers about a 0.5-mile connection to US Hwy-90, supporting practical access for distribution, light industrial operations, or day-to-day business needs.
This offering includes an integrated office-and-warehouse configuration, with the warehouse described as fully climate-controlled to support consistent operating conditions.
The property is positioned within a well-established industrial corridor and offers about a 0.5-mile connection to US Hwy-90, supporting practical access for distribution, light industrial operations, or day-to-day business needs.
This offering includes an integrated office-and-warehouse configuration, with the warehouse described as fully climate-controlled to support consistent operating conditions.
Key Highlights
- Renovated 6,200 SF industrial warehouse on a 16,611 SF lot, offered for sale and lease
- Fully climate‑controlled warehouse throughout
- 14' clear height warehouse space
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
$31,462
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
4.53%
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%
$629,240
$629.2K
Cap Rate 7%
$449,457
$449.5K
Cap Rate 9%
$349,578
$349.6K
Market Conditions
NOI Build-Up for 6,200 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
$37.2K $6.00/SF
− Vacancy
−$186 −$0.03/SF
EGI
$37.0K $5.97/SF
− OpEx
−$5.6K −$0.90/SF
NOI
$31.5K $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 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%
$629,240
Cap Rate 7%
$449,457
Cap Rate 9%
$349,578
Alternative Uses
Best Use
Office B
$1.03M
$901.9K – $1.20M
NOI $72,149 @ 7.0% cap · market cap 10.38%
Second Best
Warehouse
$449.5K
$393.3K – $524.4K
NOI $31,462 @ 7.0% cap · market cap 4.53%
Theoretical Best
Office A
$1.47M
$1.28M – $1.71M
NOI $102,612 @ 7.0% cap · market cap 14.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
14 ft
Clear height
Yes
Heavy power
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
305
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Warehouse - Renovated warehouse with fully climate-controlled space, 14-foot clear height, and 3-phase power, plus on-site office space.
Where is this warehouse located?
The property is located at 102 Jared Dr Broussard, LA.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: Renovated 6,200 SF industrial warehouse on a 16,611 SF lot, offered for sale and lease; Fully climate‑controlled warehouse throughout; 14' clear height warehouse space
