Flex Space with Office and
For Sale
$1,420,000
117 Nolan Road, Broussard, LA 70518
A climate-controlled office component pairs with insulated warehouse space for a range of business operations.
Property Size10,191 SF
Lot Size0.44 Acres
Price / SF$139.34
Days on Market52
Property Features for 117 Nolan Road
General Information
Standard status
Active
Size
10,191 SF
Total Parking Spaces
20
Lot size
0.44 Acres
Site & Location
Highway Access
Yes
Road Access
Yes
Warehouse & Industrial
Warehouse Space
4,191 SF
Office Build-Out
6,000 SF
Additional Details
Property Use
Office and Warehouse
Taxes and HOA fees
Annual Taxes
$2,113
Amenities
conference and meeting spaces
full kitchen/breakroom
natural gas generator
Building Details
Buildings
1
Building Size
10,191 SF
Listing Agency:
Keaty Real Estate Team
(337) 235-7770
Listed By:
Matthew Delcambre · License #995712933
(337) 315-1460
Source:
Exprealty
Added: Sep 14
Changed: Nov 3
Last Checked: Nov 3 at 10:07AM
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 Keaty Real Estate Team
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Investment Insights
Based on property information with market context.
This flex property at 117 Nolan Road combines approximately 6,000 square feet of office space with a 4,191-square-foot warehouse, for about 10,191 square feet total. The office includes a reception and waiting area, private offices, conference rooms, glass-partitioned work areas, a kitchen and breakroom, and restrooms. The warehouse has insulation, three 12-foot-by-14-foot overhead doors, an approximately 18-foot peak height, a restroom, and open work and storage areas.
The property occupies approximately 19,166 square feet of land in Broussard, Louisiana, just off Highway 90. Concrete parking provides approximately 20 spaces, and the site has street access. The property is designated Flood Zone X. A natural gas generator can power the entire building during an outage.
The property occupies approximately 19,166 square feet of land in Broussard, Louisiana, just off Highway 90. Concrete parking provides approximately 20 spaces, and the site has street access. The property is designated Flood Zone X. A natural gas generator can power the entire building during an outage.
Key Highlights
- Approximately 10,191 square feet total, including 6,000 square feet of office and 4,191 square feet of warehouse
- Three 12‑foot‑by‑14‑foot overhead doors and an approximately 18‑foot warehouse peak height
- Climate‑controlled office space with private offices, conference rooms, glass‑partitioned work areas, kitchen and breakroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,319
Cap Rate
4.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,186,380
$1.2M
Cap Rate 7%
$847,414
$847.4K
Cap Rate 9%
$659,100
$659.1K
Market Conditions
NOI Build-Up for 10,191 SF
Gross rent
$91.7K $9.00/SF
− Vacancy
−$459 −$0.05/SF
EGI
$91.3K $8.96/SF
− OpEx
−$31.9K −$3.13/SF
NOI
$59.3K $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%
$1,186,380
Cap Rate 7%
$847,414
Cap Rate 9%
$659,100
Alternative Uses
Best Use
Flex RnD
$847.4K
$741.5K – $988.7K
NOI $59,319 @ 7.0% cap · market cap 4.18%
Second Best
Warehouse
$738.8K
$646.4K – $861.9K
NOI $51,714 @ 7.0% cap · market cap 3.64%
Theoretical Best
Office A
$2.41M
$2.11M – $2.81M
NOI $168,665 @ 7.0% cap · market cap 11.88%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
318
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - A climate-controlled office component pairs with insulated warehouse space for a range of business operations.
Where is this flex space located?
The property is located at 117 Nolan Road Broussard, LA.
What is the asking price?
The asking price for this property is $1,420,000.
What are key features of this property?
This property features: Approximately 10,191 square feet total, including 6,000 square feet of office and 4,191 square feet of warehouse; Three 12‑foot‑by‑14‑foot overhead doors and an approximately 18‑foot warehouse peak height; Climate‑controlled office space with private offices, conference rooms, glass‑partitioned work areas, kitchen and breakroom
