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    Industrial Facility Under Construction Title is generated by Realmo AI

    212 Burgess Drive, Broussard, LA 70518

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    New
    For Lease
    $1,600,000 SF/Yr $1,600,000,000/Mo (calc)

    COMMERCIAL - Broussard, LA

    Property size:
    12,000 SF
    Lot size:
    1.50 Acres
    Added:
    May 21, 2026
    Days on Market:
    3
    Last Refresh:
    May 23 at 12:06 pm

    Property Features for 212 Burgess Drive

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Zoning
    L Industrial
    Bathrooms
    3
    Rooms
    Bathroom 3, Bathroom 1, Bathroom 2
    Parking features
    Off Street
    Exterior features
    OH Door > 20 Ft
    Standard status
    Active
    APN
    6040103
    Size
    12,000 SF
    Lot size
    1.50 Acres

    Taxes and HOA fees

    Tax Description
    P NEW LOT 345 BROUSSARD PARK EXT 1 (3.277 AC) (FORMERLY LOTS 344 345 346)

    Utilities

    Heating system
    Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Roof type
    Metal

    We can help!

    Listing Contact
    Caitlyn Williams

    Listing agent Caitlyn Williams License #0995684676

    Listing office The Gleason Group 151 Southpark Rd, Suite 401, Lafayette, LA

    Listing date May 21, 2026

    MLS# 2600004535

    Copyright © 2026 Realtor Association of Acadiana. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Excellent access to Highway 90.
    • Crane‑ready warehouse with 25‑foot eave heights.
    • Approximately +/-12,000 SF industrial facility under construction.
    • Approximately 2 acres available for expansion, laydown yard, or additional parking.
    • Includes +/-2,190 SF office space with six private offices, conference room, and breakroom/kitchen.
    • Three overhead doors.

    Overview

    Located at 212 Burgess Drive in Broussard, this industrial facility is currently under construction and offers approximately 12,000 square feet. The property is estimated for completion in the 4th Quarter of 2026 and is designed to accommodate a variety of industrial and operational uses. The office component consists of approximately 2,190 square feet and includes a lobby/reception area, six private offices, a conference room, a storage area, and a breakroom/kitchen. The warehouse is equipped with three overhead doors and 25-foot eave heights. It is also crane ready, providing flexibility for manufacturing, fabrication, distribution, or service operations. Situated on approximately 1.5 acres, the property also offers an additional 2 acres available for expansion, laydown yard, or additional parking if needed. The property has excellent access to Highway 90 and is located in one of the area's fastest-growing industrial corridors. The zoning is L Industrial.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Auto Repair Shop Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Broussard
    County
    Lafayette
    State
    Louisiana
    Longitude
    -91.959065
    Latitude
    30.159455

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    FAQs

    What type of property is this?
    Flex space - Under construction industrial facility in Broussard, LA, available for lease.
    Where is this flex space located?
    The property is located at 212 Burgess Drive Broussard, LA.
    What is the lease rate?
    The lease rate is $1,600,000.
    What are key features of this property?
    This property features: Excellent access to Highway 90.; Crane‑ready warehouse with **25‑foot eave heights.**; Approximately +/-12,000 SF industrial facility under construction.
    (337) 278-2048
    We can help!
    Listing Contact
    Caitlyn Williams
    Real Estate License ID: 0995684676
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    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.

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