Two-Suite Flex
For Sale
$625,000
204 Burgess Dr, Broussard, LA 70518
Industrial building with separate suites, office areas, warehouse space, and an existing lease in one suite.
Property Size8,000 SF
Lot Size0.60 Acres
Price / SF$77.74
Days on Market392
Property Features for 204 Burgess Dr
General Information
Standard status
Active
Size
8,000 SF
Lot size
0.60 Acres
Property subtype
Industrial
Additional Details
Fenced Yard
Yes
Three-Phase Power
Yes
Office Units
2
Amenities
mezzanine storage
3 phase power
LED lighting
Power
Water
Sewer
Building Details
Buildings
1
Building Size
8,000 SF
Listing Agency:
The Gleason Group
(337) 278-2048
Listed By:
Caitlyn Williams · License #77526
(337) 278-2048
Source:
Lacdb.resimplifi
Added: Aug 5, 2025
Changed: Aug 30
Last Checked: Aug 30 at 7:17AM
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 The Gleason Group
Investment Insights
Based on property information with market context.
Located at 204 Burgess Dr in Broussard, this industrial flex property contains approximately 8,000 square feet arranged as two separate suites of about 4,000 square feet each. Suite C is leased, while the layout also accommodates an owner-user or additional occupancy within the building.
Each suite includes approximately 1,280 square feet of office space and approximately 2,725 square feet of warehouse area. Physical features include a 16-foot eave height, one overhead door, mezzanine storage, three-phase power, and LED lighting. The property occupies approximately 0.6 acres and is partially fenced.
Each suite includes approximately 1,280 square feet of office space and approximately 2,725 square feet of warehouse area. Physical features include a 16-foot eave height, one overhead door, mezzanine storage, three-phase power, and LED lighting. The property occupies approximately 0.6 acres and is partially fenced.
Key Highlights
- Approximately 8,000 square foot industrial building on approximately 0.6 acres
- Two separate suites of approximately 4,000 SF each
- Suite C is currently leased
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
$46,799
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
7.49%
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%
$935,980
$936.0K
Cap Rate 7%
$668,557
$668.6K
Cap Rate 9%
$519,989
$520.0K
Market Conditions
NOI Build-Up for 8,040 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
$72.4K $9.00/SF
− Vacancy
−$362 −$0.05/SF
EGI
$72.0K $8.96/SF
− OpEx
−$25.2K −$3.13/SF
NOI
$46.8K $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%
$935,980
Cap Rate 7%
$668,557
Cap Rate 9%
$519,989
Alternative Uses
Best Use
Office B
$1.34M
$1.17M – $1.56M
NOI $93,561 @ 7.0% cap · market cap 14.97%
Second Best
Flex RnD
$668.6K
$585.0K – $780.0K
NOI $46,799 @ 7.0% cap · market cap 7.49%
Theoretical Best
Office A
$1.90M
$1.66M – $2.22M
NOI $133,065 @ 7.0% cap · market cap 21.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Office units
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
340
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 Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Industrial building with separate suites, office areas, warehouse space, and an existing lease in one suite.
Where is this flex space located?
The property is located at 204 Burgess Dr Broussard, LA.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Approximately 8,000 square foot industrial building on approximately 0.6 acres; Two separate suites of approximately 4,000 SF each; Suite C is currently leased
