Flex Space with Crane-Ready
214 Cummings Rd, Broussard, LA 70518
For Sale
Contact for pricing
Separate office and warehouse areas are complemented by a heavy-duty concrete storage yard.
Property Size13,000 SF
Lot Size1.20 Acres
Price / SF$145.77
Days on Market8
Property Features for 214 Cummings Rd
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Highway Access
Outdoor Storage
Warehouse & Industrial
Warehouse Space
Office Build-Out
Additional Details
Property Use
Building Details
Buildings
Building Size
Listing Agency:
Beau Box Commercial Real Estate
Listed By:
Beau Box, SIOR · License LA BROK.72286.A-ACT
(225) 237-3343
Source:
Crexi
Added: Nov 3
Changed: Nov 8
Last Checked: Nov 8 at 3:51PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This flex property contains a 13,000 SF building on a 1.195 +/- acre site. The 10,888 SF warehouse has 25' eave height, 65' bay depth, LED lighting, two 14' overhead doors, a shop restroom, and preparation for a 10-ton crane. A heavy-duty concrete storage yard is also part of the property.
The 2,112 SF office area includes four offices, a lobby, reception area, conference room, break room, copy room, storage, and two restrooms. Office finishes include LVT wood-plank flooring, with 10' ceilings and 8' doors. The property is on Cummings Road in Broussard, off Hwy. 90.
The 2,112 SF office area includes four offices, a lobby, reception area, conference room, break room, copy room, storage, and two restrooms. Office finishes include LVT wood-plank flooring, with 10' ceilings and 8' doors. The property is on Cummings Road in Broussard, off Hwy. 90.
Key Highlights
- 13,000 SF building on a 1.195 +/- acre site
- 10,888 SF warehouse with 25' eave height and 65' bay depth
- Warehouse has two 14' overhead doors and is 10 ton crane ready
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$75,670
Cap Rate
3.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,513,400
$1.5M
Cap Rate 7%
$1,081,000
$1.1M
Cap Rate 9%
$840,778
$840.8K
Market Conditions
NOI Build-Up for 13,000 SF
Gross rent
$117.0K $9.00/SF
− Vacancy
−$585 −$0.05/SF
EGI
$116.4K $8.96/SF
− OpEx
−$40.7K −$3.13/SF
NOI
$75.7K $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%
$1,513,400
Cap Rate 7%
$1,081,000
Cap Rate 9%
$840,778
Alternative Uses
Best Use
Flex RnD
$1.08M
$945.9K – $1.26M
NOI $75,670 @ 7.0% cap · market cap 3.99%
Second Best
Warehouse
$942.4K
$824.6K – $1.10M
NOI $65,969 @ 7.0% cap · market cap 3.48%
Theoretical Best
Office A
$3.07M
$2.69M – $3.59M
NOI $215,155 @ 7.0% cap · market cap 11.35%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
318
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
$287,300
Median Home Value
Market
Average Price Trend$/SF for Flex space in Broussard, LA
Properties on Market for Flex space in Broussard
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Separate office and warehouse areas are complemented by a heavy-duty concrete storage yard.
Where is this flex space located?
The property is located at 214 Cummings Rd Broussard, LA.
What is the asking price?
The asking price for this property is $1,895,000.
What are key features of this property?
This property features: 13,000 SF building on a 1.195 +/- acre site; 10,888 SF warehouse with 25' eave height and 65' bay depth; Warehouse has two 14' overhead doors and is 10 ton crane ready
