Flex Facility with Climate-Controlled
For Sale
$950,000
213 Cummings Rd, Broussard, LA 70518
Light Industrial zoning supports a combined office and warehouse configuration.
Property Size9,050 SF
Price / SF$104.97
Days on Market49
Property Features for 213 Cummings Rd
General Information
Standard status
Active
Size
9,050 SF
Listing Agency:
Compass
Listed By:
Brennan Billeaud · License #0000069755
(337) 654-2591
Source:
Athomerealtyla
Added: Aug 28
Changed: Oct 8
Last Checked: Oct 7 at 1:47PM
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 Compass
Investment Insights
Based on property information with market context.
Built in 2011, this flex facility contains approximately 9,050 square feet arranged between 2,995 square feet of office space and 6,055 square feet of climate-controlled warehouse space. The office component includes 8 offices, while the warehouse offers a 14-foot eave height and 2 roll-up doors.
The property is located at 213 Cummings Road in Broussard, Louisiana, just off Hwy. 90. Its stated configuration supports industrial, commercial, and service-oriented uses within a single facility.
The property is located at 213 Cummings Road in Broussard, Louisiana, just off Hwy. 90. Its stated configuration supports industrial, commercial, and service-oriented uses within a single facility.
Key Highlights
- Approximately 9,050 total square feet
- 2,995 SF of office space and 6,055 SF of climate‑controlled warehouse space
- 8 offices within the office component
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,678
Cap Rate
5.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,053,560
$1.1M
Cap Rate 7%
$752,543
$752.5K
Cap Rate 9%
$585,311
$585.3K
Market Conditions
NOI Build-Up for 9,050 SF
Gross rent
$81.5K $9.00/SF
− Vacancy
−$407 −$0.05/SF
EGI
$81.0K $8.96/SF
− OpEx
−$28.4K −$3.13/SF
NOI
$52.7K $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%
$1,053,560
Cap Rate 7%
$752,543
Cap Rate 9%
$585,311
Alternative Uses
Best Use
Office B
$1.50M
$1.32M – $1.76M
NOI $105,315 @ 7.0% cap · market cap 11.09%
Second Best
Flex RnD
$752.5K
$658.5K – $878.0K
NOI $52,678 @ 7.0% cap · market cap 5.55%
Theoretical Best
Office A
$2.14M
$1.87M – $2.50M
NOI $149,781 @ 7.0% cap · market cap 15.77%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
285
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Flex space - Light Industrial zoning supports a combined office and warehouse configuration.
Where is this flex space located?
The property is located at 213 Cummings Rd Broussard, LA.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Approximately 9,050 total square feet; 2,995 SF of office space and 6,055 SF of climate‑controlled warehouse space; 8 offices within the office component
