Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Prime Industrial Land, Broussard, LA Title is generated by Realmo AI

    Forum Drive lot 3 4 5 6 11 12, Broussard, LA 70518

    View on Map
    Claim this Listing
    For Sale
    $1,501,949

    COMMERCIAL - Broussard, LA

    Lot size:
    17.64 Acres
    Added:
    Jul 16, 2025
    Days on Market:
    319
    Last Refresh:
    May 30 at 3:06 am

    Property Features for Forum Drive lot 3 4 5 6 11 12

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Industrial
    Standard status
    Active
    APN
    1960001758
    Lot size
    17.64 Acres

    Taxes and HOA fees

    Tax Description
    Being Lot 3,4,5,6,11 &12 Of Schaefer Industrial Park Phase 1A Per Plat Of Survey #472193Cob 52-590-26877 169-337-68294 417-139-116159

    Utilities

    Utilities
    Water Available
    Water source
    Public

    We can help!

    Listing Contact
    Charles Ditch
    Charles Ditch

    Listing agent Charles Ditch License #995695266

    Listing office Keaty Real Estate Team 350 Doucet Rd Ste. B, Lafayette, LA

    Listing date Jul 16, 2025

    MLS# 2500001315 Listing URL

    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.

    HighLights

    • 17.64 Acre Site: Provides ample space for large‑scale industrial development
    • Louisiana Economic Development (LED) Certified 'Shovel‑Ready' Site: Eliminates due diligence delays for rapid construction
    • Strategic Location: Positioned between I‑10, US Hwy 90, and near the future I‑49 corridor for unparalleled access
    • Subdividable Parcel: Comprised of multiple lots (3, 4, 5, 6, 11, and 12) offering flexibility in development
    • Significant Road Frontage: Features 350 ft on Forum Dr. and 963 ft on Wall Rd
    • Utilities Available: Water is available, sourced from a public water source

    Overview

    This 17.64-acre site, situated in Schaefer Industrial Park, presents an investment opportunity for developers. The property is a Louisiana Economic Development (LED) Certified Site, making it 'shovel-ready'. The parcel consists of lots 3, 4, 5, 6, 11, and 12, and can be subdivided. It features frontage on two roads: 350 ft on Forum Dr. and 963 ft on Wall Rd. The site's location between I-10 and US Hwy 90, and proximity to the future I-49 corridor, provides access for logistics, distribution, or manufacturing.
    Property Profile Location Intelligence

    Current Use by Public Records

    Industrial land

    Map

    City
    Broussard
    County
    Lafayette
    State
    Louisiana
    Longitude
    -91.924918
    Latitude
    30.078523

    Nearby Similar for Sale

    • $460,000
      4,000 SF

      Broussard Office/Warehouse in Commercial Park

      Well-maintained 4,000 SF office/warehouse in Broussard, Louisiana.
      204 Jared Drive, Broussard, LA 70518
      View Details
    • $379,000
      4,000 SF

      Climate Controlled Warehouse Near Highway

      Versatile, well-maintained commercial property with unmatched accessibility and recent upgrades.
      212 Tubing Road, Broussard, LA 70518
      View Details
    • $650,000
      5,000 SF

      Industrial Facility Near Highway 90

      Industrial facility on 3.57 acres near Highway 90.
      1149 Garber Road, Broussard, LA 70518
      View Details
    • $625,000
      8,040 SF

      Broussard Industrial Property For Sale

      Well-maintained 8,000 SF industrial property in Broussard, Louisiana.
      204 Burgess Drive, Broussard, LA 70518
      View Details
    • $175,000
      1,666 SF

      Broussard Duplex Investment Opportunity

      Duplex in a serene country setting with easy highway access.
      1022/1024 Vieux Jacquet Road, Broussard, LA 70518
      View Details
    • $330,000

      Residential Land in Le Triomphe

      Residential land with golf course views and community amenities.
      204 Sawgrass Lane lot: 31, Broussard, LA 70518
      View Details
    • $850,000

      Prime Commercial Land Opportunity

      1.74-acre commercial land parcel in a high-growth area.
      102 Albertson Parkway lot: 1 & 2, Broussard, LA 70518
      View Details
    • $425,000

      Prime Commercial Land For Sale

      High-visibility commercial land in a rapidly growing area.
      102-2 Albertson Parkway lot: 2, Broussard, LA 70518
      View Details
    • $425,000

      Prime Commercial Land For Sale

      High visibility commercial land in a rapidly growing area.
      102-1 Albertson Parkway lot: 1, Broussard, LA 70518
      View Details
    • $170,000
      3,502 SF

      Broussard Commercial Property For Sale

      Two buildings with fenced area, formerly a daycare, Broussard, LA.
      229 Saint De Porres Street, Broussard, LA 70518
      View Details
    • $299,000

      Prime Commercial/Industrial Land Available

      1.89-acre commercial/industrial lot in a visible, active corridor.
      Qcp Park Drive lot: 1, Broussard, LA 70518
      View Details
    • $1,912,500
      17,000 SF

      Broussard Flex Space For Sale

      17,000 SF flex space with office and warehouse components.
      105 Nova Dr, Broussard, LA
      View Details

    FAQs

    What type of property is this?
    Industrial land - 17.64-acre industrial site, shovel-ready, excellent access, subdividable.
    Where is this industrial land located?
    The property is located at Forum Drive lot 3 4 5 6 11 12 Broussard, LA.
    What is the asking price?
    The asking price for this property is $1,501,949.
    What are key features of this property?
    This property features: 17.64 Acre Site: Provides ample space for large‑scale industrial development; Louisiana Economic Development (LED) Certified 'Shovel‑Ready' Site: Eliminates due diligence delays for rapid construction; Strategic Location: Positioned between I‑10, US Hwy 90, and near the future I‑49 corridor for unparalleled access
    (337) 501-9467
    We can help!
    Listing Contact
    Charles Ditch
    Charles Ditch
    Real Estate License ID: 995695266
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    Forum Drive lot: 3,4,5,6,11,12, Broussard, LA 70518
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!