Turn-Key Flex
For Sale
$229,000
1615 Anse Broussard Highway, Breaux Bridge, LA 70517
COMMERCIAL - Breaux Bridge, LA
Property Size3,200 SF
Lot Size0.50 Acres
Price / SF$71.56
Days on Market94
Property Features for 1615 Anse Broussard Highway
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
commercial
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Parking
20
Parking features
Parking Lot
Exterior features
Partially Fenced, OH Door < 10 Ft, Pole Sign
Fencing
Partial
Lot features
Commons, Level
Directions
Take Breaux Bridge Exit head North on Anse Broussard Hwy going to Cecila. Business will be on the Right.
Subdivision
M1
Standard status
Active
APN
05902b2660
Size
3,200 SF
Lot size
0.50 Acres
Taxes and HOA fees
Tax Description
LOT: 151.53 X 174.20 X 148.47 X 180 HWY. 328, BROUSSARD, TRACT A, BENOITCOB: 1265-369-287661 1323-739-317036 1343-628-328128 1394-667-358495 1402-365-364264 1425-775-378822 1652-185-468188 1798-249-524051 1836-484-540943 1862-258-552218 1862-562-552410
Legal Description
LOT: 151.53 X 174.20 X 148.47 X 180 HWY. 328, BROUSSARD, TRACT A, BENOITCOB: 1265-369-287661 1323-739-317036 1343-628-328128 1394-667-358495 1402-365-364264 1425-775-378822 1652-185-468188 1798-249-524051 1836-484-540943 1862-258-552218 1862-562-552410
Utilities
Sewer type
Septic Tank, Private Sewer
Heating system
Natural Gas, Electric (Heating), Central
Cooling system
Central Air
Water source
Public
Building Details
Floors in Building
1
Flooring type
Concrete
Roof type
Metal
Listing Agency:
EXP Realty, LLC
(337) 522-7554
Listed By:
Alina Perro · License #0995695121
(337) 523-1284
Added: Jun 3
Changed: Aug 4
Last Checked: Sep 4 at 11:06AM
MLS# 2600004944
Copyright © 2026 Realtor Association of Acadiana. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This turn-key flex space has been upgraded and is ready for a new operator to open. The property’s layout is described as adaptable, with the ability to be turned into a range of concepts, including a restaurant or bakery, retail shop, or gym.
Located at 1615 Anse Broussard Highway in Breaux Bridge, Louisiana, within St. Martin Parish. The property is zoned for commercial use.
With a listed size of 3,200 square feet on a 0.5-acre lot, this is a versatile option for an owner-user seeking a ready-to-occupy commercial building with flexibility in how it can be used.
Located at 1615 Anse Broussard Highway in Breaux Bridge, Louisiana, within St. Martin Parish. The property is zoned for commercial use.
With a listed size of 3,200 square feet on a 0.5-acre lot, this is a versatile option for an owner-user seeking a ready-to-occupy commercial building with flexibility in how it can be used.
Key Highlights
- Metal roof
- Central air conditioning with electric and natural gas heating
- Public water with septic tank and private sewer
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
$20,867
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
9.11%
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%
$417,340
$417.3K
Cap Rate 7%
$298,100
$298.1K
Cap Rate 9%
$231,856
$231.9K
Market Conditions
NOI Build-Up for 3,200 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
$36.5K $11.40/SF
− Vacancy
−$4.4K −$1.37/SF
EGI
$32.1K $10.03/SF
− OpEx
−$11.2K −$3.51/SF
NOI
$20.9K $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%
$417,340
Cap Rate 7%
$298,100
Cap Rate 9%
$231,856
Alternative Uses
Best Use
Retail
$443.7K
$388.3K – $517.7K
NOI $31,061 @ 7.0% cap · market cap 13.56%
Second Best
Flex RnD
$298.1K
$260.8K – $347.8K
NOI $20,867 @ 7.0% cap · market cap 9.11%
Theoretical Best
Office A
$702.7K
$614.9K – $819.8K
NOI $49,190 @ 7.0% cap · market cap 21.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
19
Businesses Nearby
Balanced
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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Upgraded flex space in commercial zoning, ready for conversion into uses such as retail, gym, or food concepts.
Where is this flex space located?
The property is located at 1615 Anse Broussard Highway Breaux Bridge, LA.
What is the asking price?
The asking price for this property is $229,000.
What are key features of this property?
This property features: Metal roof; Central air conditioning with electric and natural gas heating; Public water with septic tank and private sewer
