Broussard Self-Storage Condo
For Sale
Contact for pricing
1100 Albertson Pkwy, Broussard, LA 70518
High-performing self-storage condo association with expansion opportunity in Broussard, LA.
Property Size18,900 SF
Lot Size3.75 Acres
Price / SF$80.79
Days on Market149
Property Features for 1100 Albertson Pkwy
General Information
Standard status
Active
Size
18,900 SF
Lot size
3.75 Acres
Property subtype
Self Storage
Occupancy
100%
Building Details
Units
28
Listing Agency:
Lee & Associates Louisiana
(318) 914-1576
Listed By:
Will Watson · License #995701278-ACT
Source:
Crexi
Added: Mar 16
Changed: Aug 8
Last Checked: Aug 11 at 7:46AM
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 Lee & Associates Louisiana
Investment Insights
Based on property information with market context.
This high-performing self-storage condo association is located in the growing Broussard, Louisiana market. Positioned just off Highway 90 E, the property offers accessibility and visibility within a commercial and residential corridor. The offering includes 18,900 net rentable square feet across 28 commercial-grade units, currently operating at 100% physical occupancy. Unit sizes range from 70' x 15' to 30' x 15', accommodating a range of storage needs, from vehicles and equipment to business inventory. In addition to the stabilized storage investment, the adjacent 3.75 acres of land is included as part of the sale, offering an opportunity to develop 102 platted units. The site is shovel-ready, requiring minimal fill, and benefits from existing stormwater detention infrastructure. The property is well-maintained, fully gated, and supported by HOA oversight, ensuring security and long-term property quality. The property sits just off Highway 90 (future I-49), providing regional connectivity and convenient access for local residents and commercial users. Albertson Parkway is a well-traveled corridor surrounded by established neighborhoods, thriving retail, and expanding commercial development.
Key Highlights
- 100% physical occupancy of 28 commercial‑grade units, providing immediate cash flow.
- 3.75 acres of adjacent land shovel‑ready for developing 102 additional platted units.**
- Strategically located off Highway 90 E (future I‑49) in Broussard, Louisiana, offering excellent accessibility and visibility.
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
$78,983
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
5.17%
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%
$1,579,660
$1.6M
Cap Rate 7%
$1,128,329
$1.1M
Cap Rate 9%
$877,589
$877.6K
Market Conditions
NOI Build-Up for 18,900 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
$113.4K $6.00/SF
− Vacancy
−$567 −$0.03/SF
EGI
$112.8K $5.97/SF
− OpEx
−$33.8K −$1.79/SF
NOI
$79.0K $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%
$1,579,660
Cap Rate 7%
$1,128,329
Cap Rate 9%
$877,589
Alternative Uses
Best Use
Self Storage
$2.03M
$1.77M – $2.36M
NOI $141,773 @ 7.0% cap · market cap 9.28%
Second Best
Industrial
$1.13M
$987.3K – $1.32M
NOI $78,983 @ 7.0% cap · market cap 5.17%
Theoretical Best
Office A
$4.47M
$3.91M – $5.21M
NOI $312,803 @ 7.0% cap · market cap 20.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
195
Businesses Nearby
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 Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Self storage facility - High-performing self-storage condo association with expansion opportunity in Broussard, LA.
Where is this self storage facility located?
The property is located at 1100 Albertson Pkwy Broussard, LA.
What is the asking price?
The asking price for this property is $1,527,000.
What are key features of this property?
This property features: 100% physical occupancy of 28 commercial‑grade units, providing immediate cash flow.; 3.75 acres of adjacent land shovel‑ready for developing 102 additional platted units.**; Strategically located off Highway 90 E (future I‑49) in Broussard, Louisiana, offering excellent accessibility and visibility.
