Broussard Flex Space For
For Sale
$1,912,500
105 Nova Dr, Broussard, LA 70518
17,000 SF flex space with office and warehouse components.
Property Size17,000 SF
Lot Size1.00 Acre
Price / SF$112.50
Days on Market115
Property Features for 105 Nova Dr
General Information
Standard status
Active
Size
17,000 SF
Lot size
1.00 Acre
Listing Agency:
Compass
(337) 654-2591
Listed By:
Brennan Billeaud · License #0000069755
(337) 654-2591
Source:
Exprealty
Added: May 4
Changed: Aug 20
Last Checked: Aug 25 at 10:19AM
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 Compass
Investment Insights
Based on property information with market context.
This 17,000 square foot flex space property is located within the city limits of Broussard, Louisiana. The property includes 13,000 square feet of warehouse space and 4,000 square feet of office space. It features a five-ton bridge crane and three overhead doors, including one measuring 40 feet wide by 14 feet tall. The property also contains a wash bay, 11 offices, a lab, a locker room, and a break room. The site includes over one acre of concrete and stabilized yard. City of Broussard water and mechanical sewer services are available, along with Entergy electrical and Atmos gas.
Key Highlights
- 17,000 Total SF with 13,000 SF of Warehouse and 4,000 SF of Office space
- Enjoy over 1 acre of concrete and stabilized yard
- Equipped with 1 - 5 ton bridge crane
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
$98,953
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
5.17%
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%
$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
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
$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 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%
$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
Industrial
$1.01M
$888.0K – $1.18M
NOI $71,043 @ 7.0% cap · market cap 3.71%
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.
Property Analytics
Property Profile
Current Use
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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - 17,000 SF flex space with office and warehouse components.
Where is this flex space located?
The property is located at 105 Nova Dr 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 Total SF with 13,000 SF of Warehouse and 4,000 SF of Office space; Enjoy over 1 acre of concrete and stabilized yard; Equipped with 1 - 5 ton bridge crane
