Industrial Facility with Laydown
For Sale
$900,000
Pending
1306 Petroleum Pkwy, Broussard, LA 70518
Industrial facility in St. Martin Parish Industrial Park with two grade-level doors and a supplemental laydown yard.
Property Size9,000 SF
Lot Size4.12 Acres
Days on Market148
Property Features for 1306 Petroleum Pkwy
General Information
Standard status
Pending
Size
9,000 SF
Lot size
4.12 Acres
Property subtype
Industrial
Zoning
I-2
Warehouse & Industrial
Drive-In Doors
2
Heavy Power
Yes
Additional Details
Highway Access
Yes
Amenities
Vacant
Listing Agency:
NAI Rampart Commercial Real Estate New Orleans
Listed By:
Reed Wiley · License #BROK.995704349-ASA
(504) 236-7816
Source:
Lacdb.resimplifi
Added: Apr 14
Changed: Sep 8
Last Checked: Sep 8 at 5:07AM
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 Commercial Real Estate New Orleans
Investment Insights
Based on property information with market context.
±9,000 SF industrial facility on ±4.12 acres in the St. Martin Parish Industrial Park in Broussard, Louisiana. The property features a functional layout supported by two grade-level doors, 3-phase electrical service, and a supplemental laydown yard for equipment or materials staging.
The site is located just off Highway 90, providing access to the Lafayette MSA and the broader South Louisiana industrial corridor. The property is fully zoned I-2 (Industrial – Enterprise Zone) per St. Martin Parish to support a variety of heavy industrial uses.
All measurements are approximate and not guaranteed, and should be verified by the purchaser. Zoning, overlays, and intended use should also be verified by the purchaser.
The site is located just off Highway 90, providing access to the Lafayette MSA and the broader South Louisiana industrial corridor. The property is fully zoned I-2 (Industrial – Enterprise Zone) per St. Martin Parish to support a variety of heavy industrial uses.
All measurements are approximate and not guaranteed, and should be verified by the purchaser. Zoning, overlays, and intended use should also be verified by the purchaser.
Key Highlights
- ±9,000 SF industrial facility on ±4.12 acres in the St. Martin Parish Industrial Park
- Two grade‑level doors for industrial/service operations
- 3‑phase electrical service and a supplemental laydown yard on site
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
$45,671
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
5.07%
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%
$913,420
$913.4K
Cap Rate 7%
$652,443
$652.4K
Cap Rate 9%
$507,456
$507.5K
Market Conditions
NOI Build-Up for 9,000 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
$54.0K $6.00/SF
− Vacancy
−$270 −$0.03/SF
EGI
$53.7K $5.97/SF
− OpEx
−$8.1K −$0.90/SF
NOI
$45.7K $5.07/SF
Area
Lafayette County, LA
Vacancy
0.50%
Lease Rate
$6.00 /SF/Yr
Expense Ratio
15.00%
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%
$913,420
Cap Rate 7%
$652,443
Cap Rate 9%
$507,456
Alternative Uses
Best Use
Warehouse
$652.4K
$570.9K – $761.2K
NOI $45,671 @ 7.0% cap · market cap 5.07%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.13M
$1.86M – $2.48M
NOI $148,954 @ 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
2
Drive-in doors
Yes
Heavy power
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
157
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 Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- USA Storage Centers - Broussard — 1321 Evangeline Thruway, Broussard, LA 70518
- Cubesmart — 1321 Evangeline Thruway, Broussard, LA 70518
Frequently Asked Questions
What type of property is this?
Warehouse - Industrial facility in St. Martin Parish Industrial Park with two grade-level doors and a supplemental laydown yard.
Where is this warehouse located?
The property is located at 1306 Petroleum Pkwy Broussard, LA.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: ±9,000 SF industrial facility on ±4.12 acres in the St. Martin Parish Industrial Park; Two grade‑level doors for industrial/service operations; 3‑phase electrical service and a supplemental laydown yard on site
