Freestanding Retail
For Sale
$210,000
109 N Washington St, Broussard, LA 70518
Downtown commercial building with an open sales floor, rear support areas, and storefront parking.
Property Size1,358 SF
Price / SF$154.64
Days on Market43
Property Features for 109 N Washington St
General Information
Standard status
Active
Size
1,358 SF
Total Parking Spaces
3
Property subtype
Retail
Zoning
CN
Amenities
updated A/C
LED lighting
building security system
restrooms
storage
Power
Water
Sewer
Natural Gas
3 Parking Spaces
Building Details
Year Built
1970
Buildings
1
Tenancy
Single
Listing Agency:
The Lolley Group, LLC.
(337) 280-1235
Listed By:
Cecil Little · License #27111
(337) 280-1235
Source:
Lacdb.resimplifi
Added: Jul 20
Changed: Aug 30
Last Checked: Aug 30 at 1:54PM
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 The Lolley Group, LLC.
Investment Insights
Based on property information with market context.
This freestanding 1,358-square-foot commercial building combines retail and office functionality in a single-level layout. The interior includes an open merchandising area, restrooms, and storage positioned at the rear. The property is currently occupied by Moonchild Music, a retailer of new and used vinyl records, vintage clothing, and musical instruments.
Located in downtown Broussard at 109 N Washington St, the building offers storefront parking and direct street exposure. A metal roof, security system, LED lighting, and updated or replaced air-conditioning and electrical systems support the existing operation. The building was constructed in 1970 and carries CN zoning.
Located in downtown Broussard at 109 N Washington St, the building offers storefront parking and direct street exposure. A metal roof, security system, LED lighting, and updated or replaced air-conditioning and electrical systems support the existing operation. The building was constructed in 1970 and carries CN zoning.
Key Highlights
- 1,358 SF freestanding retail and office building
- CN zoning in downtown Broussard
- Open retail floor plan with rear restrooms and storage
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
$16,469
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
7.84%
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%
$329,380
$329.4K
Cap Rate 7%
$235,271
$235.3K
Cap Rate 9%
$182,989
$183.0K
Market Conditions
NOI Build-Up for 1,358 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
$25.6K $18.84/SF
− Vacancy
−$2.1K −$1.51/SF
EGI
$23.5K $17.33/SF
− OpEx
−$7.1K −$5.20/SF
NOI
$16.5K $12.13/SF
Area
Lafayette County, LA
Vacancy
8.04%
Lease Rate
$18.84 /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%
$329,380
Cap Rate 7%
$235,271
Cap Rate 9%
$182,989
Alternative Uses
Best Use
Retail
$235.3K
$205.9K – $274.5K
NOI $16,469 @ 7.0% cap · market cap 7.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$321.1K
$280.9K – $374.6K
NOI $22,475 @ 7.0% cap · market cap 10.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
406
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 Retail 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?
Storefront property - Downtown commercial building with an open sales floor, rear support areas, and storefront parking.
Where is this storefront property located?
The property is located at 109 N Washington St Broussard, LA.
What is the asking price?
The asking price for this property is $210,000.
What are key features of this property?
This property features: 1,358 SF freestanding retail and office building; CN zoning in downtown Broussard; Open retail floor plan with rear restrooms and storage
