Industrial Flex Buildings with
For Sale
$3,256,000
200 South Bernard Road, Broussard, LA 70518
Two industrial buildings include a conditioned rear shop and office space plus significant yard.
Property Size29,600 SF
Days on Market49
Property Features for 200 South Bernard Road
General Information
Standard status
Active
Size
29,600 SF
Property subtype
Industrial
Building Details
Building Size
29,600 SF
Year Built
2003
Listing Agency:
Beau Box Commercial Real Estate Lafayette
(337) 962-5522
Listed By:
Monty Warren, SIOR · License #LA #2982
(337) 962-5522
Source:
Beaubox
Added: Jun 25
Changed: Aug 8
Last Checked: Aug 12 at 4:18AM
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 Beau Box Commercial Real Estate Lafayette
Investment Insights
Based on property information with market context.
Industrial property at 200 S Bernard Road in Broussard, LA includes two buildings totaling 29,600 SF. The main office warehouse building provides 2,518 SF of office and 18,882 SF of unconditioned space. A rear conditioned shop adds 8,200 +/- SF.
The 5.64 site is stabilized with limestone and features four points of ingress/egress. The property is not in a flood zone and is served by nine overhead doors. On-site improvements include two air compressors and a closed loop oil/water separator, supporting shop-focused operations.
Multiple cranes are available on site, including one 10-ton crane, one 20-ton crane, and one 25-ton crane. The configuration also includes an office/shop ratio described as 2,500 office / 27,082 warehouse +/-.
The 5.64 site is stabilized with limestone and features four points of ingress/egress. The property is not in a flood zone and is served by nine overhead doors. On-site improvements include two air compressors and a closed loop oil/water separator, supporting shop-focused operations.
Multiple cranes are available on site, including one 10-ton crane, one 20-ton crane, and one 25-ton crane. The configuration also includes an office/shop ratio described as 2,500 office / 27,082 warehouse +/-.
Key Highlights
- Industrial property with 2 buildings totaling 29,600 SF; rear conditioned shop and separate main office/warehouse areas
- Main building includes 2,518 SF office plus 18,882 SF unconditioned space
- Rear conditioned shop offers 8,200 +/- SF and includes 9 overhead doors
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
$172,294
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
5.29%
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%
$3,445,880
$3.4M
Cap Rate 7%
$2,461,343
$2.5M
Cap Rate 9%
$1,914,378
$1.9M
Market Conditions
NOI Build-Up for 29,600 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
$266.4K $9.00/SF
− Vacancy
−$1.3K −$0.05/SF
EGI
$265.1K $8.96/SF
− OpEx
−$92.8K −$3.13/SF
NOI
$172.3K $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 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%
$3,445,880
Cap Rate 7%
$2,461,343
Cap Rate 9%
$1,914,378
Alternative Uses
Best Use
Flex RnD
$2.46M
$2.15M – $2.87M
NOI $172,294 @ 7.0% cap · market cap 5.29%
Second Best
Warehouse
$2.15M
$1.88M – $2.50M
NOI $150,205 @ 7.0% cap · market cap 4.61%
Theoretical Best
Office A
$7.00M
$6.12M – $8.16M
NOI $489,892 @ 7.0% cap · market cap 15.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
136
Businesses Nearby
Balanced
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 Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Two industrial buildings include a conditioned rear shop and office space plus significant yard.
Where is this flex space located?
The property is located at 200 South Bernard Road Broussard, LA.
What is the asking price?
The asking price for this property is $3,256,000.
What are key features of this property?
This property features: Industrial property with 2 buildings totaling 29,600 SF; rear conditioned shop and separate main office/warehouse areas; Main building includes 2,518 SF office plus 18,882 SF unconditioned space; Rear conditioned shop offers 8,200 +/- SF and includes 9 overhead doors
