Industrial Office
For Sale
Contact for pricing
208 Jared Dr, Broussard, LA 70518
Industrial office/warehouse with 4,000 SF warehouse and 1 grade level door, plus approximately 1,640 SF office space.
Property Size5,640 SF
Price / SF$110
Days on Market167
Property Features for 208 Jared Dr
General Information
Standard status
Active
Size
5,640 SF
Property subtype
Industrial
Lease Type
NNN
Listing Agency:
Beau Box Commercial Real Estate Lafayette
Listed By:
Mamie Hightower · License #LA 0995684844
(337) 789-3802
Source:
Crexi
Added: Mar 24
Changed: Aug 14
Last Checked: Sep 5 at 5:02PM
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 Beau Box Commercial Real Estate Lafayette
Investment Insights
Based on property information with market context.
This industrial office/warehouse offers a combined work and office layout totaling approximately 5,640 SF, with about 1,640 +/- SF of office space and about 4,000 +/- SF of warehouse space. The property includes one grade level door, and the warehouse area features 14' eaves.
The asset is located at 208 Jared Dr in Broussard, Louisiana, offering a straightforward setup for tenants or buyers seeking onsite office support alongside warehouse space.
For sale or lease, the property is priced and marketed to support flexible occupancy, with the office and warehouse components configured within the same building.
The asset is located at 208 Jared Dr in Broussard, Louisiana, offering a straightforward setup for tenants or buyers seeking onsite office support alongside warehouse space.
For sale or lease, the property is priced and marketed to support flexible occupancy, with the office and warehouse components configured within the same building.
Key Highlights
- 5,640 SF industrial office/warehouse for sale or lease in Broussard, LA on Jared Drive
- Includes 4,000 +/- SF warehouse space with 1 grade level door
- 1,640 +/- SF office space for industrial business use
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
$32,829
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
5.29%
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%
$656,580
$656.6K
Cap Rate 7%
$468,986
$469.0K
Cap Rate 9%
$364,767
$364.8K
Market Conditions
NOI Build-Up for 5,640 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
$50.8K $9.00/SF
− Vacancy
−$254 −$0.05/SF
EGI
$50.5K $8.96/SF
− OpEx
−$17.7K −$3.13/SF
NOI
$32.8K $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%
$656,580
Cap Rate 7%
$468,986
Cap Rate 9%
$364,767
Alternative Uses
Best Use
Office B
$937.6K
$820.4K – $1.09M
NOI $65,633 @ 7.0% cap · market cap 10.58%
Second Best
Flex RnD
$469.0K
$410.4K – $547.2K
NOI $32,829 @ 7.0% cap · market cap 5.29%
Theoretical Best
Office A
$1.33M
$1.17M – $1.56M
NOI $93,344 @ 7.0% cap · market cap 15.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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
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 office/warehouse with 4,000 SF warehouse and 1 grade level door, plus approximately 1,640 SF office space.
Where is this flex space located?
The property is located at 208 Jared Dr Broussard, LA.
What is the asking price?
The asking price for this property is $620,400.
What are key features of this property?
This property features: 5,640 SF industrial office/warehouse for sale or lease in Broussard, LA on Jared Drive; Includes 4,000 +/- SF warehouse space with 1 grade level door; 1,640 +/- SF office space for industrial business use
