Industrial Flex Building with
New
For Sale
$436,800
109 A Balboa Drive, Broussard, LA 70518
Commercial Sale, Broussard, LA
Property Size8,400 SF
Lot Size0.46 Acres
Price / SF$52
Days on Market5
Property Features for 109 A Balboa Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Industrial LT
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2
Exterior features
Door Sign, Fully Fenced, OH Door 10 - 15 Ft, Outside Storage, Stabilized Yard Base
Fencing
Full
Subdivision
Broussard Park
Directions
Hwy 90 E to Broussard; turn left onto N Morgan Ave; turn left onto SE Frontage Rd; turn right onto Bolivar Ct; turn left onto Regal Dr; Regal Dr turns right and becomes Balboa Dr; turn left; building will be on the left.
Standard status
Active
APN
6072233
Size
8,400 SF
Lot size
0.46 Acres
Taxes and HOA fees
Tax Description
Lot 313A Broussard Park
Legal Description
Lot 313A Broussard Park
Utilities
Heating system
Central, Electric (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Floors in Building
1
Flooring type
Concrete, Tile - Ceramic
Roof type
Metal
Additional Structures
Storage
Listing Agency:
Arceneaux Real Estate, LLC
(337) 322-8300
Listed By:
Paul Arceneaux · License #995719154
(337) 322-8300
Added: Aug 25
Changed: Aug 26
Last Checked: Aug 29 at 1:06AM
MLS# 2600007935
Copyright © 2026 Realtor Association of Acadiana. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This flex property in Broussard includes an 8,400-square-foot industrial building with 1,000 square feet of office area and 7,400 square feet of climate-controlled warehouse space. The office component contains three offices and two bathrooms, while an additional 1,000-square-foot mezzanine provides storage. Three roll-up doors support warehouse access, including two measuring 12' by 14' and one measuring 10' by 9'. Clear height exceeds 15 feet.
The 0.46-acre site is positioned just off Highway 90 and includes a fully fenced exterior with outside storage, a stabilized yard base, and a 50' by 100' concrete slab. The building has a metal roof, concrete and ceramic tile flooring, central air, electric heat, and public water service.
The 0.46-acre site is positioned just off Highway 90 and includes a fully fenced exterior with outside storage, a stabilized yard base, and a 50' by 100' concrete slab. The building has a metal roof, concrete and ceramic tile flooring, central air, electric heat, and public water service.
Key Highlights
- 8,400 square feet with 7,400 square feet of climate‑controlled warehouse space
- 1,000 square feet of office area with 3 offices and 2 bathrooms
- Additional 1,000‑square‑foot mezzanine storage area
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
$35,104
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
8.04%
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%
$702,080
$702.1K
Cap Rate 7%
$501,486
$501.5K
Cap Rate 9%
$390,044
$390.0K
Market Conditions
NOI Build-Up for 8,400 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
$50.4K $6.00/SF
− Vacancy
−$252 −$0.03/SF
EGI
$50.1K $5.97/SF
− OpEx
−$15.0K −$1.79/SF
NOI
$35.1K $4.18/SF
Area
Lafayette County, LA
Vacancy
0.50%
Lease Rate
$6.00 /SF/Yr
Expense Ratio
30.00%
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%
$702,080
Cap Rate 7%
$501,486
Cap Rate 9%
$390,044
Alternative Uses
Best Use
Office B
$1.40M
$1.22M – $1.63M
NOI $97,751 @ 7.0% cap · market cap 22.38%
Second Best
Flex RnD
$698.5K
$611.2K – $814.9K
NOI $48,894 @ 7.0% cap · market cap 11.19%
Theoretical Best
Office A
$1.99M
$1.74M – $2.32M
NOI $139,023 @ 7.0% cap · market cap 31.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
400
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.
Frequently Asked Questions
What type of property is this?
Flex space - Fenced flex property combines climate-controlled warehouse space, offices, mezzanine storage, and multiple roll-up doors.
Where is this flex space located?
The property is located at 109 A Balboa Drive Broussard, LA.
What is the asking price?
The asking price for this property is $436,800.
What are key features of this property?
This property features: 8,400 square feet with 7,400 square feet of climate‑controlled warehouse space; 1,000 square feet of office area with 3 offices and 2 bathrooms; Additional 1,000‑square‑foot mezzanine storage area
