Two-Suite Flex
For Sale
$625,000
204 Burgess Drive, Broussard, LA 70518
Commercial Sale, Broussard, LA
Property Size8,000 SF
Lot Size0.60 Acres
Price / SF$77.74
Days on Market452
Property Features for 204 Burgess Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
IL
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 2, Bathroom 1, Bathroom 3, Bathroom 4
Parking features
Parking Lot
Subdivision
Broussard Park
Directions
Take Verot School road to Hwy 90, turn right. Then turn left onto Eola road. Take a left onto Regal and a right onto Burgess. The Property is on your right.
Standard status
Active
APN
6048509
Size
8,040 SF
Lot size
0.60 Acres
Additional Details
Property Use
Industrial
Taxes and HOA fees
Tax Description
LOT 347-A BROUSSARD PARK EXT 1
Tax Annual Amount
1495
Legal Description
LOT 347-A BROUSSARD PARK EXT 1
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Floors in Building
1
Building materials
Metal Siding
Roof type
Metal
Buildings
1
Listing Agency:
The Gleason Group
(337) 262-7873
Listed By:
Caitlyn Williams · License #0995684676
(337) 278-2048
Added: Aug 5, 2025
Changed: Oct 29
Last Checked: Oct 30 at 4:06PM
MLS# 2500002036
Copyright © 2026 ROAM MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 8,040-square-foot flex property in Broussard is configured as two separate suites of approximately 4,000 square feet each; Suite C is leased. The building includes warehouse space with 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. Central heating and air conditioning, a parking lot, and metal siding and roofing are also present.
The property is zoned IL and served by public water and sewer.
The property is zoned IL and served by public water and sewer.
Key Highlights
- 8,040‑square‑foot building on approximately 0.6 acres
- Two separate suites, each approximately 4,000 square feet; Suite C is leased
- Warehouse area has a 16‑foot eave height and one overhead door
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
Flex RnD
$668.6K
$585.0K – $780.0K
NOI $46,799 @ 7.0% cap · market cap 7.49%
Second Best
Warehouse
$582.8K
$510.0K – $680.0K
NOI $40,799 @ 7.0% cap · market cap 6.53%
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
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 Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Two separate suites provide a flexible layout, with one currently leased.
Where is this flex space located?
The property is located at 204 Burgess Drive 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: 8,040‑square‑foot building on approximately 0.6 acres; Two separate suites, each approximately 4,000 square feet; Suite C is leased; Warehouse area has a 16‑foot eave height and one overhead door
