Office-Enhanced Warehouse
For Sale
$800,000
206 Burgess Dr, Broussard, LA 70518
Warehouse includes 1,300 sf of offices with six rooms and a kitchenette, plus 4,000 sf of air-conditioned storage.
Property Size14,000 SF
Price / SF$57.14
Days on Market149
Property Features for 206 Burgess Dr
General Information
Standard status
Active
Size
14,000 SF
Property subtype
Industrial
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Office Units
6
Building Details
Building Size
14,000 SF
Listing Agency:
Elifin Realty Lafayette
Listed By:
Mark Johns · License #995715972
(501) 513-7394
Source:
Elifinrealty
Added: Apr 11
Changed: Aug 31
Last Checked: Sep 5 at 4:16AM
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 Elifin Realty Lafayette
Investment Insights
Based on property information with market context.
This warehouse facility totals 14,000 square feet and is arranged with 13,000 square feet of warehouse space plus 1,300 square feet of office space. The office portion features six offices and a kitchenette, supporting day-to-day administrative needs. An additional 4,000 square feet of the warehouse is air-conditioned.
The property is described as located right off HWY 90, providing convenient access for business operations.
Overall, the building is set up for mixed use with dedicated office space alongside warehouse production or storage areas, including air-conditioned warehouse coverage for temperature-sensitive use.
The property is described as located right off HWY 90, providing convenient access for business operations.
Overall, the building is set up for mixed use with dedicated office space alongside warehouse production or storage areas, including air-conditioned warehouse coverage for temperature-sensitive use.
Key Highlights
- 14,000 SF warehouse located right off Hwy 90
- Includes 13,000 SF warehouse space with 1,300 SF of office space
- Office space features 6 offices plus a kitchenette
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
$71,043
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
8.88%
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%
$1,420,860
$1.4M
Cap Rate 7%
$1,014,900
$1.0M
Cap Rate 9%
$789,367
$789.4K
Market Conditions
NOI Build-Up for 14,000 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
$84.0K $6.00/SF
− Vacancy
−$420 −$0.03/SF
EGI
$83.6K $5.97/SF
− OpEx
−$12.5K −$0.90/SF
NOI
$71.0K $5.07/SF
Area
Lafayette County, LA
Vacancy
0.50%
Lease Rate
$6.00 /SF/Yr
Expense Ratio
15.00%
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%
$1,420,860
Cap Rate 7%
$1,014,900
Cap Rate 9%
$789,367
Alternative Uses
Best Use
Flex RnD
$1.16M
$1.02M – $1.36M
NOI $81,491 @ 7.0% cap · market cap 10.19%
Second Best
Warehouse
$1.01M
$888.0K – $1.18M
NOI $71,043 @ 7.0% cap · market cap 8.88%
Theoretical Best
Office A
$3.31M
$2.90M – $3.86M
NOI $231,706 @ 7.0% cap · market cap 28.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
6
Office units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
340
Businesses Nearby
Well-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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Panificadora Self Storage Unit — 407 N Morgan Ave, Broussard, LA 70518
- Clima Secur Boat & RV Storage — 101 Swaco Way, Broussard, LA 70518
- AAA U-Store-UM — 3515 Hwy 90 E, Broussard, LA 70518
Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse includes 1,300 sf of offices with six rooms and a kitchenette, plus 4,000 sf of air-conditioned storage.
Where is this warehouse located?
The property is located at 206 Burgess Dr Broussard, LA.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: 14,000 SF warehouse located right off Hwy 90; Includes 13,000 SF warehouse space with 1,300 SF of office space; Office space features 6 offices plus a kitchenette
