Flex Space with
For Sale
$436,800
109A Balboa Dr, Broussard, LA 70518
Commercial-zoned property combines administrative space with climate-controlled warehouse capacity.
Property Size8,400 SF
Price / SF$52
Days on Market55
Property Features for 109A Balboa Dr
General Information
Standard status
Active
Size
8,400 SF
Property subtype
Industrial
Zoning
Commercial
Warehouse & Industrial
Warehouse Space
7,400 SF
Office Build-Out
1,000 SF
Mezzanine
1,000 SF
Conditioned Warehouse
Yes
Additional Details
Highway Access
Yes
Amenities
Power
Water
Sewer
Vacant
Building Details
Buildings
1
Building Size
8,400 SF
Listing Agency:
Arceneaux Real Estate LLC
Listed By:
Paul Arceneaux · License #995719154
(337) 322-8300
Source:
Lacdb.resimplifi
Added: Aug 25
Changed: Oct 13
Last Checked: Oct 16 at 5:47AM
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 Arceneaux Real Estate LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 8,400-square-foot flex property combines office, warehouse, and storage components in one industrial building. The layout includes 1,000 square feet of office area with three offices and two bathrooms, along with 7,400 square feet of climate-controlled warehouse space. An additional 1,000-square-foot mezzanine provides elevated storage capacity.
Loading is supported by three roll-up doors: two measuring 12' × 14' and one measuring 10' × 9'. The building offers 15'+ clear height and includes a 50' × 100' concrete slab. Located at 109A Balboa Dr in Broussard, the property is just off Highway 90 and carries Commercial zoning.
Loading is supported by three roll-up doors: two measuring 12' × 14' and one measuring 10' × 9'. The building offers 15'+ clear height and includes a 50' × 100' concrete slab. Located at 109A Balboa Dr in Broussard, the property is just off Highway 90 and carries Commercial zoning.
Key Highlights
- 8,400‑square‑foot flex property with 1,000 square feet of office area
- 7,400 square feet of climate‑controlled warehouse space
- 1,000‑square‑foot mezzanine storage area
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
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
Frequently Asked Questions
What type of property is this?
Flex space - Commercial-zoned property combines administrative space with climate-controlled warehouse capacity.
Where is this flex space located?
The property is located at 109A Balboa Dr 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 flex property with 1,000 square feet of office area; 7,400 square feet of climate‑controlled warehouse space; 1,000‑square‑foot mezzanine storage area
