Office/Warehouse in Commercial Park
For Sale
$460,000
204 Jared Dr, Broussard, LA 70518
Well-maintained 4,000 SF office/warehouse with functional layout.
Property Size4,000 SF
Price / SF$115
Days on Market149
Property Features for 204 Jared Dr
General Information
Standard status
Active
Size
4,000 SF
Property subtype
Industrial
Zoning
LI
Listing Agency:
The Gleason Group
Listed By:
Caitlyn Williams · License #0995684676
(337) 278-2048
Source:
Lacdb.resimplifi
Added: May 18
Changed: Oct 1
Last Checked: Oct 12 at 4:34PM
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.
This 4,000 SF office/warehouse is located in Commercial Park South. The office space encompasses 1,650 SF and includes six private offices, a reception area, a kitchenette, and two restrooms. The warehouse portion provides 2,350 SF of open space with overhead storage, two overhead doors, and 3-phase electrical.
Key Highlights
- Located in the sought‑after Commercial Park South.
- Functional layout with 4,000 SF total space (1,650 SF office, 2,350 SF warehouse).
- Office space includes six private offices, reception area, kitchenette, and two restrooms.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,283
Cap Rate
5.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$465,660
$465.7K
Cap Rate 7%
$332,614
$332.6K
Cap Rate 9%
$258,700
$258.7K
Market Conditions
NOI Build-Up for 4,000 SF
Gross rent
$36.0K $9.00/SF
− Vacancy
−$180 −$0.05/SF
EGI
$35.8K $8.96/SF
− OpEx
−$12.5K −$3.13/SF
NOI
$23.3K $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%
$465,660
Cap Rate 7%
$332,614
Cap Rate 9%
$258,700
Alternative Uses
Best Use
Flex RnD
$332.6K
$291.0K – $388.1K
NOI $23,283 @ 7.0% cap · market cap 5.06%
Second Best
Industrial
$238.8K
$209.0K – $278.6K
NOI $16,716 @ 7.0% cap · market cap 3.63%
Theoretical Best
Office A
$945.7K
$827.5K – $1.10M
NOI $66,202 @ 7.0% cap · market cap 14.39%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
282
Businesses Nearby
Under-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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Flex space - Well-maintained 4,000 SF office/warehouse with functional layout.
Where is this flex space located?
The property is located at 204 Jared Dr Broussard, LA.
What is the asking price?
The asking price for this property is $460,000.
What are key features of this property?
This property features: Located in the sought‑after Commercial Park South.; Functional layout with **4,000 SF total space** (1,650 SF office, 2,350 SF warehouse).; Office space includes **six private offices**, reception area, kitchenette, and two restrooms.
