Flex Facility with Climate-Controlled
New
For Sale
Contact for pricing
213 Cummings Road, Broussard, LA 70518
Light Industrial zoning supports a combined office and warehouse configuration.
Property Size9,050 SF
Price / SF$104.97
Days on Market6
Property Features for 213 Cummings Road
General Information
Standard status
Active
Size
9,050 SF
Total Parking Spaces
15
Property subtype
Industrial
Zoning
Light Industrial
Building Details
Year Built
2011
Stories
1
Listing Agency:
Compass
(337) 654-2591
Listed By:
Brennan Billeaud · License #LA 0000069755
Source:
Crexi
Added: Aug 26
Changed: Aug 30
Last Checked: Aug 30 at 11:16AM
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 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 = 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
$52,678
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
5.55%
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%
$1,053,560
$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
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
$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 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%
$1,053,560
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.
Property Analytics
Property Profile
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
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 - Light Industrial zoning supports a combined office and warehouse configuration.
Where is this flex space located?
The property is located at 213 Cummings Road 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
