Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Retail Space For Sale Title is generated by Realmo AI

    1115 Terrace Hwy, Broussard, LA 70518

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Retail space available for purchase, totaling 3,680 square feet.

    Type:Retail
    Property size:
    3,680 SF
    Price / SF:
    $543/SF
    Added:
    Feb 16, 2026
    Days on Market:
    103
    Last Refresh:
    Mar 17 at 1:16 pm

    Property Features for 1115 Terrace Hwy

    General Information

    Standard status
    Active
    Size
    3,680 SF
    Property subtype
    Retail

    Building Details

    Year Built
    2002

    We can help!

    Listing Contact
    Jack Cornell
    Jack Cornell

    Listing agent Jack Cornell License #UT 9518385-SA00

    Listing office SRS Real Estate Partners Salt Lake City

    Listing date Feb 16, 2026

    Source Crexi

    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 SRS Real Estate Partners Salt Lake City

    HighLights

    • Retail Property
    • 3,680 SqFt
    • Year Built: 2002

    Overview

    This is a retail space available for purchase. The property offers 3,680 square feet of space.
    Property Profile Location Intelligence

    Current Use by Public Records

    Joey's Sports Bar Bar & Pub

    Suggested Use

    Law Firm Big Box & Wholesale Store Food Market Bar & Pub Bakery

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Broussard
    County
    Lafayette
    State
    Louisiana
    Longitude
    -91.91791
    Latitude
    30.129537

    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
    • $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
    • $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
    • $915,000
      3,600 SF

      Commercial Property on Highway 90

      Commercial property with highway frontage and warehouse.
      4002 E Hwy 90, Broussard, LA 70518
      View Details
    • $2,200,000
      14,000 SF

      Broussard Industrial Building For Sale

      14,000+/- SF industrial building in growing Broussard, LA market.
      1098 Forum Drive, Broussard, LA 70518
      View Details
    • $770,000
      15,050 SF

      Spacious Warehouse Near Highway 90

      Large warehouse with fenced yard, conveniently located near Highway 90.
      109 Balboa Drive, Broussard, LA 70518
      View Details
    • $2,450,000
      13,755 SF

      New Construction Warehouse/Office Facility

      State-of-the-art warehouse/office with 5-year lease and growth potential.
      200 Oil Patch Rd, Broussard, LA 70518
      View Details
    • $1,527,000
      18,900 SF

      Broussard Self-Storage Condo Association

      High-performing self-storage condo association with expansion opportunity in Broussard, LA.
      1100 Albertson Pkwy, Broussard, LA 70518
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail space available for purchase, totaling 3,680 square feet.
    Where is this retail space located?
    The property is located at 1115 Terrace Hwy Broussard, LA.
    What is the asking price?
    The asking price for this property is $2,000,000.
    What are key features of this property?
    This property features: Retail Property; 3,680 SqFt; Year Built: 2002
    (801) 410-1621 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Jack Cornell
    Jack Cornell
    Real Estate License ID: UT 9518385-SA00
    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
    1115 Terrace Hwy, 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!