Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    108 Ibex Ln Broussard, LA

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $82,500

    Commercial/Industrial land available with completed infrastructure and utilities.

    Lot size:
    0.53 Acres

    Property Features for 108 Ibex Ln

    General Information

    Lot size
    0.53 Acres

    We can help!

    Listing Contact
    David A Gleason
    Source: Moodyscre

    Listing Agent: David A Gleason

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Commercial/Industrial Land in Broussard

    This property comprises approximately 0.53 acres of commercial/industrial land, identified as Lot 6 within Shenandoah Park. The land is located off Shenandoah Drive and backs up to Jared Drive in Commercial Park South. All infrastructure has been completed, and utilities are available.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Broussard
    County
    Lafayette
    State
    Louisiana
    Longitude
    -91.9612305
    Latitude
    30.147146

    Nearby Similar for Sale

    • $185,000
      3,502 SF

      Broussard Office/Retail Opportunity

      Two-building property in Broussard, suitable for office or retail.
      229 Saint Deporres St, Broussard, LA 70518
      View Details
    • $650,000
      5,000 SF

      Industrial Facility Near Highway 90

      Premium industrial facility on 3.57 acres near Highway 90.
      1149 Garber Rd, Broussard, LA 70518
      View Details
    • $318,000
      4,875 SF

      Broussard Industrial Property on Highway

      Free-standing building on 1.78 acres in thriving Broussard area.
      1003 Young St, Broussard, LA 70518
      View Details
    • $2,800,000
      14,000 SF

      Broussard Industrial Building For Sale

      Versatile 14,000+/- SF industrial building in growing Broussard, LA.
      1098 Forum Dr, Broussard, LA 70518
      View Details
    • $1,795,000
      13,755 SF

      New Industrial Facility in Broussard

      New 13,755 SF warehouse/office on 1.7 acres.
      200 Oil Patch Rd, Broussard, LA 70518
      View Details
    • $265,000
      3,200 SF

      Broussard Industrial Space For Sale

      3,200 SF industrial space on a corner double lot.
      112 Tubing Rd, Broussard, LA 70518
      View Details
    • $1,058,000
      12.00 Acres

      Broussard Land For Sale

      12 acre land parcel available in Broussard, Louisiana.
      1320 S Morgan Ave, Broussard, LA 70518
      View Details
    • $33,000
      47,216 SF

      Spacious Warehouse with Crane Capacity

      47,216 SF office/warehouse with cranes and large laydown yard.
      1186 Petroleum Pkwy, Broussard, LA 70518
      View Details
    • $650,000
      12,400 SF

      Office and Warehouse with Canopies

      Office and warehouse space with covered parking and break area.
      1015 N Cruse Ave, Broussard, LA 70518
      View Details
    • $770,000
      15,050 SF

      Spacious Warehouse Near Highway 90

      Large warehouse with fenced yard, close to Hwy 90.
      109 Balboa Dr, Broussard, LA 70518
      View Details
    • $1,810,000
      5 SF

      Suburban Mixed-Use Property Available

      3 to 5.99 acre mixed-use property in suburban Broussard.
      6201 Us Hwy 90 E, Broussard, LA 70518
      View Details
    • $677,040
      87,120 SF

      Broussard Warehouse: Prime Industrial Site

      Vacant warehouse, 87,120 sq ft, 10.78 acres.
      0 Bernard Rd, Broussard, LA 70518
      View Details

    FAQs

    What type of property is this?
    Land - Commercial/Industrial land available with completed infrastructure and utilities.
    Where is this land located?
    The property is located at 108 Ibex Ln Broussard, LA.
    What is the asking price?
    The asking price for this property is $82,500.
    What are key features of this property?
    This property features: - Commercial/Industrial land opportunity.; - +/- .53 acres of land.; - Located in Shenandoah Park.
    (337) 262-7873
    Request Owner's contact information
    108 Ibex Ln Broussard, LA
    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.
    108 Ibex Ln
    Broussard, LA
    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
    108 Ibex Ln Broussard, LA
    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

    We can help!
    Listing Contact
    David A Gleason
    (337) 262-7873
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.