Flex Facility with Bridge
For Sale
$1,912,500
105 Nova Drive, Broussard, LA 70518
Commercial Sale, Broussard, LA
Property Size17,000 SF
Lot Size1.63 Acres
Price / SF$112.50
Days on Market176
Property Features for 105 Nova Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
IL
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2
Parking
11
Lot features
Level
Directions
From Hwy. 90 in Broussard turn onto Nova Dr. first building on the left.
Subdivision
O
Standard status
Active
APN
6099442
Size
17,000 SF
Lot size
1.63 Acres
Taxes and HOA fees
Tax Description
LOT 8 HIGHWAY 90 POSTAL SUB
Tax Annual Amount
6289
Legal Description
LOT 8 HIGHWAY 90 POSTAL SUB
Utilities
Utilities
Natural Gas Available
Sewer type
Septic Tank
Heating system
Central, Electric (Heating)
Cooling system
Central Air
Amenities
Bridge Crane
Washbay
Lab
Locker Room
Break Room
Building Details
Floors in Building
1
Flooring type
Tile, Vinyl
Building materials
Metal Siding
Roof type
Metal
Listing Agency:
Compass · ERA Real Estate
(337) 233-9700
Listed By:
Brennan Billeaud · License #0000069755
(337) 654-2591
Added: May 1
Changed: Oct 23
Last Checked: Oct 23 at 4:06PM
MLS# 2600003921
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.
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Investment Insights
Based on property information with market context.
This 17,000-square-foot flex property combines 13,000 square feet of warehouse space with 4,000 square feet of office area. The building has 11 offices, a lab, locker room, break room, one washbay, and a bridge crane rated at 1–5 tons. Three overhead doors serve the facility; one measures 40 feet wide by 14 feet tall.
The 1.63-acre site includes more than an acre of concrete and stabilized yard area. The property is within Broussard city limits and has city water, Entergy electrical service, and Atmos gas available. Zoning is IL.
The 1.63-acre site includes more than an acre of concrete and stabilized yard area. The property is within Broussard city limits and has city water, Entergy electrical service, and Atmos gas available. Zoning is IL.
Key Highlights
- 17,000 SF total: 13,000 SF warehouse and 4,000 SF office
- Bridge crane rated at 1–5 tons
- Three overhead doors, including one 40 feet wide by 14 feet tall
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$98,953
Cap Rate
5.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,979,060
$2.0M
Cap Rate 7%
$1,413,614
$1.4M
Cap Rate 9%
$1,099,478
$1.1M
Market Conditions
NOI Build-Up for 17,000 SF
Gross rent
$153.0K $9.00/SF
− Vacancy
−$765 −$0.05/SF
EGI
$152.2K $8.96/SF
− OpEx
−$53.3K −$3.13/SF
NOI
$99.0K $5.82/SF
Area
Lafayette County, LA
Vacancy
0.50%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,979,060
Cap Rate 7%
$1,413,614
Cap Rate 9%
$1,099,478
Alternative Uses
Best Use
Flex RnD
$1.41M
$1.24M – $1.65M
NOI $98,953 @ 7.0% cap · market cap 5.17%
Second Best
Warehouse
$1.23M
$1.08M – $1.44M
NOI $86,267 @ 7.0% cap · market cap 4.51%
Theoretical Best
Office A
$4.02M
$3.52M – $4.69M
NOI $281,357 @ 7.0% cap · market cap 14.71%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
438
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
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Warehouse and office areas are complemented by a lab, washbay, and employee support rooms.
Where is this flex space located?
The property is located at 105 Nova Drive Broussard, LA.
What is the asking price?
The asking price for this property is $1,912,500.
What are key features of this property?
This property features: 17,000 SF total: 13,000 SF warehouse and 4,000 SF office; Bridge crane rated at 1–5 tons; Three overhead doors, including one 40 feet wide by 14 feet tall
