Climate-Controlled Flex
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 Market50
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
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
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) 262-7873
Added: Aug 25
Changed: Oct 8
Last Checked: Oct 13 at 6:06AM
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 8,400-square-foot flex property includes 1,000 sf of office space and a 7,400 sf climate-controlled warehouse. The office area has three offices and two bathrooms. An additional 1,000 sf mezzanine provides storage. Warehouse features include three roll-up doors—two measuring 12' * 14' and one measuring 10' * 9'—and clear height of 15'+.
A 50' x 100' concrete slab and a fully fenced site with outside storage and a stabilized yard base add functional exterior space. The property is just off Highway 90 in Broussard, Louisiana, and is zoned Industrial LT.
A 50' x 100' concrete slab and a fully fenced site with outside storage and a stabilized yard base add functional exterior space. The property is just off Highway 90 in Broussard, Louisiana, and is zoned Industrial LT.
Key Highlights
- 8,400‑square‑foot building with 1,000 sf of office space and 7,400 sf of climate‑controlled warehouse
- Three offices, two bathrooms, and an additional 1,000 sf of mezzanine storage
- Three roll‑up doors: (2) 12' * 14' doors and (1) 10' * 9' door; clear height is 15'+
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,104
Cap Rate
8.04%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
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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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Flex space - The building combines dedicated office space with a climate-controlled warehouse and a separate mezzanine storage area.
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‑foot building with 1,000 sf of office space and 7,400 sf of climate‑controlled warehouse; Three offices, two bathrooms, and an additional 1,000 sf of mezzanine storage; Three roll‑up doors: (2) 12' * 14' doors and (1) 10' * 9' door; clear height is 15'+
