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 Market437
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
Listed By:
Caitlyn Williams · License #0995684676
(337) 278-2048
Source:
Lacdb.resimplifi
Added: Aug 5, 2025
Changed: Oct 4
Last Checked: Oct 14 at 7:37PM
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 / Yr
$46,799
Cap Rate
7.49%
Suggested Prices Based on Cap Rates
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
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 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.
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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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
