Industrial Flex
For Sale
$650,000
Pending
1149 Garber Road, Broussard, LA 70518
COMMERCIAL - Broussard, LA
Property Size5,000 SF
Lot Size3.57 Acres
Days on Market222
Property Features for 1149 Garber Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Exterior features
OH Door 10 - 15 Ft
Directions
Coming from the Lafayette Airport, Turn left onto US-90 E, go 2.5 miles then Slight left onto Garber Rd, Go 1.5 miles and building will be on your left.
Subdivision
H
Standard status
Pending
APN
6149874
Size
5,000 SF
Lot size
3.57 Acres
Taxes and HOA fees
Tax Description
To be determined once subdivided.
Legal Description
To be determined once subdivided.
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
climate controlled parts room
breakroom
conference room
Building Details
Floors in Building
1
Roof type
Metal
Listing Agency:
HUNCO Real Estate
(337) 889-5711
Listed By:
William G Raines · License #0995684992
(337) 344-7173
Added: Jan 9
Changed: Aug 4
Last Checked: Aug 19 at 9:06AM
MLS# 2500006873
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.
Investment Insights
Based on property information with market context.
This flex-space facility occupies 3.57 acres and combines warehouse functionality with an extensive office component. The building includes 12 offices, 3 bathrooms, 2 breakrooms, a conference room, and a climate-controlled parts room. An overhead door measuring 10–15 feet supports warehouse access, while central heating and central air serve the facility. The metal roof and public water service are additional existing improvements.
The property is positioned near Hwy 90 on the south side of Lafayette within the Highway 90 oilfield services corridor. Its configuration is suited to distribution and manufacturing operations, with dedicated administrative, parts, meeting, and employee areas already incorporated into the facility.
The property is positioned near Hwy 90 on the south side of Lafayette within the Highway 90 oilfield services corridor. Its configuration is suited to distribution and manufacturing operations, with dedicated administrative, parts, meeting, and employee areas already incorporated into the facility.
Key Highlights
- 3.57‑acre industrial flex property
- 12 offices, 3 bathrooms, 2 breakrooms, and 1 conference room
- Climate‑controlled parts 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
$58,185
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
8.95%
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%
$1,163,700
$1.2M
Cap Rate 7%
$831,214
$831.2K
Cap Rate 9%
$646,500
$646.5K
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
$90.0K $18.00/SF
− Vacancy
−$12.4K −$2.48/SF
EGI
$77.6K $15.52/SF
− OpEx
−$19.4K −$3.88/SF
NOI
$58.2K $11.64/SF
Area
Lafayette County, LA
Vacancy
13.80%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
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%
$1,163,700
Cap Rate 7%
$831,214
Cap Rate 9%
$646,500
Alternative Uses
Best Use
Office B
$831.2K
$727.3K – $969.8K
NOI $58,185 @ 7.0% cap · market cap 8.95%
Second Best
Flex RnD
$415.8K
$363.8K – $485.1K
NOI $29,104 @ 7.0% cap · market cap 4.48%
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
Lease Details
Yes
Highway access
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 Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Commercially zoned facility with office, warehouse, and employee-support areas near the Highway 90 corridor.
Where is this flex space located?
The property is located at 1149 Garber Road 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: 3.57‑acre industrial flex property; 12 offices, 3 bathrooms, 2 breakrooms, and 1 conference room; Climate‑controlled parts room
