Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    300 Albertson Pkwy Broussard, LA 70518

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,542,895

    Two land tracts available between Albertson Parkway and Ambassador Caffery.

    Type:Land
    Lot size:
    10.12 Acres
    Added:
    Apr 12, 2022
    Days on Market:
    1479
    Last Refresh:
    Jan 20 at 8:33 am

    Property Features for 300 Albertson Pkwy

    General Information

    Standard status
    Active
    Lot size
    10.12 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Jeff Landry
    Jeff Landry

    Listing agent Jeff Landry License #BROK.995682229-ACT

    Listing office Scout Real Estate Co.

    Listing date Apr 12, 2022

    Source Exprealty

    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 Scout Real Estate Co.

    Overview

    Land For Sale Near Ambassador

    Two tracts of land, totaling approximately 10.123 acres, are available for sale. The property is situated between Albertson Parkway and Ambassador Caffery, and is adjacent to Fezzo's Restaurant on Ambassador Caffery.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Broussard
    County
    Lafayette
    State
    Louisiana
    Longitude
    -91.9844
    Latitude
    30.1394

    Nearby Similar for Sale

    • $399,000
      4,000 SF

      Climate Controlled Warehouse Near Highway

      Versatile, well-maintained commercial property with unmatched accessibility and recent upgrades.
      212 Tubing Road, Broussard, LA 70518
      View Details
    • $850,000

      Prime Commercial Land Opportunity

      1.74-acre commercial land parcel in a high-growth area.
      102 Albertson Parkway lot: 1 & 2, Broussard, LA 70518
      View Details
    • $425,000

      Prime Commercial Land For Sale

      High-visibility commercial land in a rapidly growing area.
      102-2 Albertson Parkway lot: 2, Broussard, LA 70518
      View Details
    • $650,000
      5,000 SF

      Industrial Facility Near Highway 90

      Industrial facility on 3.57 acres near Highway 90.
      1149 Garber Road, Broussard, LA 70518
      View Details
    • $425,000

      Prime Commercial Land For Sale

      High visibility commercial land in a rapidly growing area.
      102-1 Albertson Parkway lot: 1, Broussard, LA 70518
      View Details
    • $625,000
      8,040 SF

      Broussard Industrial Property For Sale

      Well-maintained 8,000 SF industrial property in Broussard, Louisiana.
      204 Burgess Drive, Broussard, LA 70518
      View Details
    • $175,000
      1,666 SF

      Broussard Duplex Investment Opportunity

      Duplex in a serene country setting with easy highway access.
      1022/1024 Vieux Jacquet Road, Broussard, LA 70518
      View Details
    • $330,000

      Residential Land in Le Triomphe

      Residential land with golf course views and community amenities.
      204 Sawgrass Lane lot: 31, Broussard, LA 70518
      View Details
    • $225,000

      Broussard Commercial Land For Sale

      2.26 acre fenced yard near Hwy 90.
      1149a Garber Road, Broussard, LA 70518
      View Details
    • $250,000

      Broussard Commercial Land Available

      2.85 acres of commercial land in Broussard, Louisiana.
      211 N Eola Road, Broussard, LA 70518
      View Details
    • $170,000
      3,502 SF

      Broussard Commercial Property For Sale

      Two buildings with fenced area, formerly a daycare, Broussard, LA.
      229 Saint De Porres Street, Broussard, LA 70518
      View Details
    • $4,000,000

      Broussard Development Site on Ambassador

      5.469+/- acre commercial development site in Broussard, Louisiana.
      Ambassador Caffery Parkway lot: 1, Broussard, LA 70518
      View Details

    FAQs

    What type of property is this?
    Land - Two land tracts available between Albertson Parkway and Ambassador Caffery.
    Where is this land located?
    The property is located at 300 Albertson Pkwy Broussard, LA.
    What is the asking price?
    The asking price for this property is $1,542,895.
    What are key features of this property?
    This property features: Located between Albertson Pkwy and Ambassador Caffery.; Adjacent to Fezzo's Restaurant on Ambassador Caffery.; +/- 10.123 acres of land.
    (337) 257-5380
    We can help!
    Listing Contact
    Jeff Landry
    Jeff Landry
    Real Estate License ID: BROK.995682229-ACT
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!