Climate-Controlled
New
For Sale
$399,000
214 Tubing Rd, Broussard, LA 70518
Fully air-conditioned interior supports year-round storage, equipment, and personnel use.
Property Size4,000 SF
Lot Size1.00 Acre
Price / SF$99.75
Days on Market2
Property Features for 214 Tubing Rd
General Information
Standard status
Active
Size
4,000 SF
Lot size
1.00 Acre
Site & Location
Highway Access
Yes
Outdoor Storage
Yes
Additional Details
Conditioned Warehouse
Yes
Listing Agency:
HUNCO Real Estate
Listed By:
William G Raines · License #0995684992
(337) 889-5711
Source:
Athomerealtyla
Added: Sep 20
Last Checked: Sep 20 at 2:21PM
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 HUNCO Real Estate
Investment Insights
Based on property information with market context.
This 4,000-square-foot warehouse occupies two lots totaling 1 acre and offers a fully air-conditioned interior for controlled storage, equipment, and personnel operations. A large glass roll-up door provides loading access and brings natural light into the building. The layout is positioned for warehouse, manufacturing, distribution, commercial, or fitness-related use as described in the property information.
Recent capital improvements include new exterior walls and a fully replaced roof. The property is located near Highway 90 at 214 Tubing Rd in Broussard, Louisiana, with surrounding land area that can accommodate outdoor storage or fleet parking. The site also offers room for future expansion, subject to applicable approvals.
Recent capital improvements include new exterior walls and a fully replaced roof. The property is located near Highway 90 at 214 Tubing Rd in Broussard, Louisiana, with surrounding land area that can accommodate outdoor storage or fleet parking. The site also offers room for future expansion, subject to applicable approvals.
Key Highlights
- 4,000‑square‑foot warehouse on two lots totaling 1 acre
- Fully air‑conditioned interior for climate‑controlled operations
- Large glass roll‑up door provides loading access and natural light
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
$20,298
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
5.09%
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%
$405,960
$406.0K
Cap Rate 7%
$289,971
$290.0K
Cap Rate 9%
$225,533
$225.5K
Market Conditions
NOI Build-Up for 4,000 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
$24.0K $6.00/SF
− Vacancy
−$120 −$0.03/SF
EGI
$23.9K $5.97/SF
− OpEx
−$3.6K −$0.90/SF
NOI
$20.3K $5.07/SF
Area
Lafayette County, LA
Vacancy
0.50%
Lease Rate
$6.00 /SF/Yr
Expense Ratio
15.00%
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%
$405,960
Cap Rate 7%
$289,971
Cap Rate 9%
$225,533
Alternative Uses
Best Use
Warehouse
$290.0K
$253.7K – $338.3K
NOI $20,298 @ 7.0% cap · market cap 5.09%
Second Best
Industrial
$238.8K
$209.0K – $278.6K
NOI $16,716 @ 7.0% cap · market cap 4.19%
Theoretical Best
Office A
$945.7K
$827.5K – $1.10M
NOI $66,202 @ 7.0% cap · market cap 16.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
396
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 Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Southpark Self Storage — 3540 W Pinhook Rd, Lafayette, LA 70508
- AAA U-Store-UM — 3515 Hwy 90 E, Broussard, LA 70518
- All American Transfer And Storage — 120 Southpark Rd, Lafayette, LA 70508
- Acadiana Movers — 120 Southpark Rd, Lafayette, LA 70508
Frequently Asked Questions
What type of property is this?
Warehouse - Fully air-conditioned interior supports year-round storage, equipment, and personnel use.
Where is this warehouse located?
The property is located at 214 Tubing Rd Broussard, LA.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: 4,000‑square‑foot warehouse on two lots totaling 1 acre; Fully air‑conditioned interior for climate‑controlled operations; Large glass roll‑up door provides loading access and natural light
