Flex Facility with Overhead
New
For Sale
$590,000
112 Geology Cir, Broussard, LA 70518
The building combines climate-controlled office space with an industrial shop area.
Property Size7,700 SF
Lot Size0.55 Acres
Price / SF$76.62
Days on Market6
Property Features for 112 Geology Cir
General Information
Standard status
Active
Size
7,700 SF
Lot size
0.55 Acres
Property subtype
Industrial
Additional Details
Three-Phase Power
Yes
Building Details
Building Size
7,700 SF
Listed By:
Luke Medlin
(479) 616-4426
Source:
Elifinrealty
Added: Oct 2
Changed: Oct 5
Last Checked: Oct 5 at 3:30PM
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 Luke Medlin
Investment Insights
Based on property information with market context.
This flex facility at 112 Geology Cir in Broussard includes office space and a shop, both served by HVAC. The property measures approximately 7,700 SF on ±0.55 acres and is equipped with three-phase power, a 2-ton overhead crane, and three roll-up doors reaching up to 15 feet high.
Key Highlights
- ±7,700 SF facility on ±0.55 acres
- Office and shop areas with HVAC
- Three‑phase power
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,820
Cap Rate
7.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$896,400
$896.4K
Cap Rate 7%
$640,286
$640.3K
Cap Rate 9%
$498,000
$498.0K
Market Conditions
NOI Build-Up for 7,700 SF
Gross rent
$69.3K $9.00/SF
− Vacancy
−$347 −$0.05/SF
EGI
$69.0K $8.96/SF
− OpEx
−$24.1K −$3.13/SF
NOI
$44.8K $5.82/SF
Area
Lafayette County, LA
Vacancy
0.50%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$896,400
Cap Rate 7%
$640,286
Cap Rate 9%
$498,000
Alternative Uses
Best Use
Flex RnD
$640.3K
$560.3K – $747.0K
NOI $44,820 @ 7.0% cap · market cap 7.60%
Second Best
Industrial
$459.7K
$402.2K – $536.3K
NOI $32,178 @ 7.0% cap · market cap 5.45%
Theoretical Best
Office A
$1.82M
$1.59M – $2.12M
NOI $127,438 @ 7.0% cap · market cap 21.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
116
Businesses Nearby
Well-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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Flex space - The building combines climate-controlled office space with an industrial shop area.
Where is this flex space located?
The property is located at 112 Geology Cir Broussard, LA.
What is the asking price?
The asking price for this property is $590,000.
What are key features of this property?
This property features: ±7,700 SF facility on ±0.55 acres; Office and shop areas with HVAC; Three‑phase power
