Industrial Facility with
For Sale
$650,000
Pending
1149 Garber Rd, Broussard, LA 70518
Industrial space with climate-controlled parts room, 12 offices, and employee amenities for distribution or light manufacturing.
Property Size5,000 SF
Days on Market215
Property Features for 1149 Garber Rd
General Information
Standard status
Pending
Size
5,000 SF
Listing Agency:
HUNCO Real Estate
(337) 344-7173
Listed By:
William G Raines · License #LA-995684992
(337) 344-7173
Source:
Exprealty
Added: Jan 9
Changed: Aug 8
Last Checked: Aug 11 at 10:37AM
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 HUNCO Real Estate
Investment Insights
Based on property information with market context.
This for-sale industrial facility includes a 5,000-square-foot warehouse with a climate-controlled parts room and an employee breakroom, supported by a fully outfitted office component. The building offers 12 offices, 3 bathrooms, 2 breakrooms, and a conference room, creating workable separation between production, storage, and administrative functions.
The property sits on 3.57 acres and is located on the south side of Lafayette along the Highway 90 oilfield services corridor. It is positioned near Hwy 90 to support distribution and manufacturing needs within the local and regional market.
With warehouse space paired with dedicated office and meeting rooms, the layout is well suited for companies that need both storage and on-site administration. The climate-controlled parts room is designed for temperature-sensitive inventory, while the multiple offices and breakrooms can support day-to-day operations for internal teams.
The property sits on 3.57 acres and is located on the south side of Lafayette along the Highway 90 oilfield services corridor. It is positioned near Hwy 90 to support distribution and manufacturing needs within the local and regional market.
With warehouse space paired with dedicated office and meeting rooms, the layout is well suited for companies that need both storage and on-site administration. The climate-controlled parts room is designed for temperature-sensitive inventory, while the multiple offices and breakrooms can support day-to-day operations for internal teams.
Key Highlights
- Industrial facility on 3.57 acres near Hwy 90 along the Lafayette oilfield services corridor
- 500 SF warehouse with climate‑controlled parts room for storage and parts support
- 12 offices plus one conference room
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
$29,104
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
4.48%
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%
$582,080
$582.1K
Cap Rate 7%
$415,771
$415.8K
Cap Rate 9%
$323,378
$323.4K
Market Conditions
NOI Build-Up for 5,000 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
$45.0K $9.00/SF
− Vacancy
−$225 −$0.05/SF
EGI
$44.8K $8.96/SF
− OpEx
−$15.7K −$3.13/SF
NOI
$29.1K $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 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%
$582,080
Cap Rate 7%
$415,771
Cap Rate 9%
$323,378
Alternative Uses
Best Use
Flex RnD
$415.8K
$363.8K – $485.1K
NOI $29,104 @ 7.0% cap · market cap 4.48%
Second Best
Warehouse
$362.5K
$317.2K – $422.9K
NOI $25,373 @ 7.0% cap · market cap 3.90%
Theoretical Best
Office A
$1.18M
$1.03M – $1.38M
NOI $82,752 @ 7.0% cap · market cap 12.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
285
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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Industrial space with climate-controlled parts room, 12 offices, and employee amenities for distribution or light manufacturing.
Where is this flex space located?
The property is located at 1149 Garber Rd Broussard, LA.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Industrial facility on 3.57 acres near Hwy 90 along the Lafayette oilfield services corridor; 500 SF warehouse with climate‑controlled parts room for storage and parts support; 12 offices plus one conference room
