Flex Office/Warehouse
For Sale
$1,011,300
1222 Wall Rd, Broussard, LA 70518
Combined office and warehouse improvements include private office amenities, conditioned work areas, utility infrastructure, and expandable outdoor space.
Property Size10,113 SF
Lot Size2.51 Acres
Price / SF$100
Days on Market150
Property Features for 1222 Wall Rd
General Information
Standard status
Active
Size
10,113 SF
Class
A
Total Parking Spaces
8
Lot size
2.51 Acres
Property subtype
Industrial - Manufacturing
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Warehouse & Industrial
Clear Height
16 ft
Warehouse Space
6,293 SF
Office Build-Out
3,820 SF
Drive-In Doors
2
Column Spacing
58 ft
Three-Phase Power
Yes
Conditioned Warehouse
Yes
Amenities
LFT Fiber
LED lighting
generator ready
RV hookup
Building Details
Building Size
10,113 SF
Year Built
2007
Year Renovated
2017
Buildings
1
Tenancy
Single
Abandoned
No
Listing Agency:
NAI Rampart
(337) 278-6444
Listed By:
John Monteleone, CCIM · License #SALE.0000021351-ACT
Source:
Commercialcafe
Added: Apr 3
Changed: Aug 29
Last Checked: Aug 29 at 3:19PM
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 NAI Rampart
Investment Insights
Based on property information with market context.
This flex property combines office and warehouse improvements on ±2.51 acres. The ±3,820-square-foot office area includes a private office with its own bathroom and shower, three additional offices, multiple open rooms, a kitchen, three restrooms, laundry facilities, and a dedicated IT/comm room. The approximately 6,293-square-foot warehouse is partially conditioned and features two 12’x14’ grade-level doors, a 16-foot eave height, 13- to 16-foot clear height, and 58-foot column spacing.
The property is located at 1222 Wall Rd in Broussard, Louisiana, just off US Hwy 90 within SMEDA Industrial Park. Improvements include covered parking for 8, LFT Fiber, LED lighting, 3-phase power, generator-ready infrastructure, and an RV hookup. The site also includes land identified for additional buildings, parking, or stabilized yard space. The building was constructed in 2007 and currently operates as a K-9 training facility.
The property is located at 1222 Wall Rd in Broussard, Louisiana, just off US Hwy 90 within SMEDA Industrial Park. Improvements include covered parking for 8, LFT Fiber, LED lighting, 3-phase power, generator-ready infrastructure, and an RV hookup. The site also includes land identified for additional buildings, parking, or stabilized yard space. The building was constructed in 2007 and currently operates as a K-9 training facility.
Key Highlights
- ±2.51 acres in SMEDA Industrial Park just off US Hwy 90
- ±3,820 sq ft of office space with private bathroom and shower
- Approximately 6,293 sq ft of partially conditioned warehouse space
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
$58,865
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
5.82%
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%
$1,177,300
$1.2M
Cap Rate 7%
$840,929
$840.9K
Cap Rate 9%
$654,056
$654.1K
Market Conditions
NOI Build-Up for 10,113 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
$91.0K $9.00/SF
− Vacancy
−$455 −$0.05/SF
EGI
$90.6K $8.96/SF
− OpEx
−$31.7K −$3.13/SF
NOI
$58.9K $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%
$1,177,300
Cap Rate 7%
$840,929
Cap Rate 9%
$654,056
Alternative Uses
Best Use
Office B
$1.68M
$1.47M – $1.96M
NOI $117,685 @ 7.0% cap · market cap 11.64%
Second Best
Flex RnD
$840.9K
$735.8K – $981.1K
NOI $58,865 @ 7.0% cap · market cap 5.82%
Theoretical Best
Office A
$2.39M
$2.09M – $2.79M
NOI $167,374 @ 7.0% cap · market cap 16.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
16 ft
Clear height
2
Drive-in doors
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
163
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
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Frequently Asked Questions
What type of property is this?
Flex space - Combined office and warehouse improvements include private office amenities, conditioned work areas, utility infrastructure, and expandable outdoor space.
Where is this flex space located?
The property is located at 1222 Wall Rd Broussard, LA.
What is the asking price?
The asking price for this property is $1,011,300.
What are key features of this property?
This property features: ±2.51 acres in SMEDA Industrial Park just off US Hwy 90; ±3,820 sq ft of office space with private bathroom and shower; Approximately 6,293 sq ft of partially conditioned warehouse space
