Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    210 Derrick Rd Broussard, LA 70518

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $3,800 /Mo

    6,500 SF industrial facility with office and warehouse space for rent.

    Property size:
    6,500 SF
    Lot size:
    0.50 Acres
    Added:
    May 2, 2024
    Days on Market:
    728
    Last Refresh:
    Jan 20 at 8:33 am

    Property Features for 210 Derrick Rd

    General Information

    Standard status
    Active
    Size
    6,500 SF
    Lot size
    0.50 Acres

    We can help!

    Listing Contact
    Brennan Billeaud
    Brennan Billeaud

    Listing agent Brennan Billeaud License #0000069755

    Listing office Latter & Blum Compass

    Listing date May 2, 2024

    Source Exprealty

    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 Latter & Blum Compass

    Overview

    Industrial Facility with Office Space

    This 6,500 square foot industrial facility features 2,750 square feet of office space and 3,750 square feet of warehouse space. The property is situated on a corner lot with a fenced lay down yard. The office area includes a renovated kitchen/break area. The warehouse has two rollup doors and a one-ton bridge crane. The property is conveniently located off of Southpark, between Lafayette and Broussard, in close proximity to Highway 90. The property is suitable for flex space, industrial, office, and warehouse uses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Dental Office Spa & Massage Center Building Supply Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Bateman Food & Nutrition — 3155 W Pinhook Rd, Lafayette, LA 70508

    Location Insight

    • Map
    • Local Demand
    City
    Broussard
    County
    Lafayette
    State
    Louisiana
    Longitude
    -91.9834
    Latitude
    30.1664

    Nearby Similar for Lease

    • Contact for pricing

      Spacious Office Space in Broussard

      5,200 sq ft commercial office space for lease.
      108 Kol Drive, Broussard, LA 70518
      View Details
    • $699,000 SF/Yr

      Broussard Commercial Property For Rent

      Industrial property with excellent visibility and access off Hwy 90.
      102 Cason Road, Broussard, LA 70518
      View Details
    • Contact for pricing

      Industrial Space For Lease

      Industrial space for lease off HWY 90 on Nolan Road.
      116/114 Nolan Road, Broussard, LA 70518
      View Details
    • Contact for pricing

      Broussard Industrial Space For Lease

      7,160 SF industrial space with showroom/retail area for lease.
      116 Nolan Road, Broussard, LA 70518
      View Details
    • $834,000 SF/Yr

      New Industrial Building in Broussard

      6,000 SF industrial building with office space for lease.
      102 Ibex Lane, Broussard, LA 70518
      View Details
    • Contact for pricing

      Restored Home in Broussard, LA

      Restored home suitable for boutique or office space.
      417 W Main Street unit: A, Broussard, LA 70518
      View Details
    • $2,300/Mo

      Broussard Warehouse/Office Space Available

      4,000 SF warehouse/office space for lease in Broussard, LA.
      204 Burgess Drive, Broussard, LA 70518
      View Details
    • $8 SF/Yr

      Climatized Office/Warehouse Facility For Lease

      32,114 SF office/warehouse with climate control and functional layout.
      1196 Petroleum Pkwy, Broussard, LA 70518
      View Details
    • Contact for pricing

      Broussard Commercial Space For Rent

      Commercial space for rent in Broussard, Louisiana, near Hwy 90.
      115 Cason Road unit: F, Broussard, LA 70518
      View Details
    • Contact for pricing

      Warehouse Space with Cranes

      Warehouse space with covered parking and crane systems available for lease.
      6201 Hwy 90 E, Broussard, LA 70518
      View Details
    • Contact for pricing

      Retail Center in Broussard, LA

      Prime retail spaces with drive-thru available in Broussard, LA.
      6922 Ambassador Caffery Parkway unit: 1, Broussard, LA 70518
      View Details
    • Contact for pricing

      Valley Ranch Industrial Park com

      Newer industrial space for lease in prime location.
      221-231 Highway 96, Broussard, LA 70518
      View Details

    FAQs

    What type of property is this?
    Flex space - 6,500 SF industrial facility with office and warehouse space for rent.
    Where is this flex space located?
    The property is located at 210 Derrick Rd Broussard, LA.
    What is the lease rate?
    The lease rate is $3,800 /Mo.
    What are key features of this property?
    This property features: 6,500 total SF industrial facility with a renovated 2,750 SF office space and a 3,750 SF warehouse.; Convenient location off Southpark between Lafayette and Broussard, close to Hwy 90.; Corner lot.
    (337) 654-2591
    We can help!
    Listing Contact
    Brennan Billeaud
    Brennan Billeaud
    Real Estate License ID: 0000069755
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!