Metal Flex Building with
For Sale
$300,000
1251 Bordelon Rd, Breaux Bridge, LA 70517
Metal commercial building with office and restroom, plus two updated manufactured homes on 1.17 acres.
Property Size1,800 SF
Price / SF$166.67
Days on Market50
Property Features for 1251 Bordelon Rd
General Information
Standard status
Active
Size
1,800 SF
Listing Agency:
NextHome Cutting Edge Realty
Listed By:
Kathleen H Theriot · License #995719006
(337) 412-1536
Source:
Athomerealtyla
Added: Jul 26
Changed: Sep 8
Last Checked: Sep 13 at 4:10PM
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 NextHome Cutting Edge Realty
Investment Insights
Based on property information with market context.
A versatile income-focused property featuring an approximately 1,800+/- square foot metal commercial building with an enclosed office and restroom, along with two overhead roll-up doors and a loading area. The building also includes 3-phase electrical service, with space that allows for the addition or use of a shower.
The site includes two manufactured homes that received updates in mid-2024. One is a 4-bedroom, 2-bath double-wide with a new roof, updated plumbing and electrical, new flooring, a new water heater, fresh skirting, treated wood entry steps, and a covered front porch. The second is a 3-bedroom, 2-bath single-wide updated in 2024 with new skirting, new entry steps, updated plumbing beneath the home, a new HVAC system, and a two-car covered awning.
Offered for sale as a combined package, the property provides a commercial structure and two residential rental units on approximately 1.17 acres.
The site includes two manufactured homes that received updates in mid-2024. One is a 4-bedroom, 2-bath double-wide with a new roof, updated plumbing and electrical, new flooring, a new water heater, fresh skirting, treated wood entry steps, and a covered front porch. The second is a 3-bedroom, 2-bath single-wide updated in 2024 with new skirting, new entry steps, updated plumbing beneath the home, a new HVAC system, and a two-car covered awning.
Offered for sale as a combined package, the property provides a commercial structure and two residential rental units on approximately 1.17 acres.
Key Highlights
- 1.17‑acre St. Martin Parish property with a 1,800+/- SF metal commercial building plus two manufactured homes
- Commercial building includes 3‑phase electrical, two overhead roll‑up doors, loading area, enclosed office, and restroom (with shower option)
- 4‑bedroom, 2‑bath double‑wide (approx. 1,680 SF) updated in mid‑2024 with new roof, plumbing/electrical updates, new flooring, and new water heater
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
$11,737
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
3.91%
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%
$234,740
$234.7K
Cap Rate 7%
$167,671
$167.7K
Cap Rate 9%
$130,411
$130.4K
Market Conditions
NOI Build-Up for 1,800 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
$20.5K $11.40/SF
− Vacancy
−$2.5K −$1.37/SF
EGI
$18.1K $10.03/SF
− OpEx
−$6.3K −$3.51/SF
NOI
$11.7K $6.52/SF
Area
St. Martin County, LA
Vacancy
12.00%
Lease Rate
$11.40 /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%
$234,740
Cap Rate 7%
$167,671
Cap Rate 9%
$130,411
Alternative Uses
Best Use
Flex RnD
$167.7K
$146.7K – $195.6K
NOI $11,737 @ 7.0% cap · market cap 3.91%
Second Best
Industrial
$131.3K
$114.9K – $153.2K
NOI $9,189 @ 7.0% cap · market cap 3.06%
Theoretical Best
Office A
$395.3K
$345.9K – $461.2K
NOI $27,670 @ 7.0% cap · market cap 9.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
21
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 70517, LA
26,434
Population
11,884
Households
2.2
Avg Household Size
39
Median Age
15%
College-Educated
81%
High-School Grad
168.7 sq mi
ZIP Area
157
Density / Sq Mi
$58,342
Median Household Income
$40,119
Median Earnings
$938
Median Rent
$151,600
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
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Frequently Asked Questions
What type of property is this?
Flex space - Metal commercial building with office and restroom, plus two updated manufactured homes on 1.17 acres.
Where is this flex space located?
The property is located at 1251 Bordelon Rd Breaux Bridge, LA.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: 1.17‑acre St. Martin Parish property with a 1,800+/- SF metal commercial building plus two manufactured homes; Commercial building includes 3‑phase electrical, two overhead roll‑up doors, loading area, enclosed office, and restroom (with shower option); 4‑bedroom, 2‑bath double‑wide (approx. 1,680 SF) updated in mid‑2024 with new roof, plumbing/electrical updates, new flooring, and new water heater
