Freestanding Retail Showroom
For Sale
$1,500,000
2270 Main St, Broussard, LA 70518
Custom-built showroom and stock room on a one-acre corner lot with large digital signage and brick-and-stucco exterior.
Property Size10,000 SF
Price / SF$150
Days on Market285
Property Features for 2270 Main St
General Information
Standard status
Active
Size
10,000 SF
Listing Agency:
NAI Rampart
(337) 233-9541
Listed By:
Dewitt C David · License #46838
(337) 298-6169
Source:
Exprealty
Added: Nov 24, 2025
Changed: Aug 20
Last Checked: Sep 4 at 10:22AM
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 NAI Rampart
Investment Insights
Based on property information with market context.
This freestanding retail showroom building was custom built for Southland Engine and completed in 2015. The property includes brick and stucco front and sides, a showroom designed with stained concrete flooring, and a customer service counter. The interior also features office space, a customer coffee bar, breakroom, ADA restrooms, and a large meeting room.
A fully-insulated stock room provides additional operational flexibility, including baked enamel metal wainscoting and three overhead doors (two exterior and one automated 10x10 door into the showroom). The exterior sits on a one-acre corner lot off Little Flower Road, offering ingress and egress from the front and side, and includes a landscaped exterior with an automated sprinkler system.
The building is equipped with double-insulated exterior glass and a complete security system for burglary and fire with interior and exterior cameras, along with an interior sound system. Utilities noted include SLEMCO electricity and Broussard water and sewer, and the property includes a large digital advertising sign.
A fully-insulated stock room provides additional operational flexibility, including baked enamel metal wainscoting and three overhead doors (two exterior and one automated 10x10 door into the showroom). The exterior sits on a one-acre corner lot off Little Flower Road, offering ingress and egress from the front and side, and includes a landscaped exterior with an automated sprinkler system.
The building is equipped with double-insulated exterior glass and a complete security system for burglary and fire with interior and exterior cameras, along with an interior sound system. Utilities noted include SLEMCO electricity and Broussard water and sewer, and the property includes a large digital advertising sign.
Key Highlights
- Retail building built in 2015 with brick and stucco front and sides
- 5,823 SF showroom with 11' 11' ceiling height plus customer service counter
- 1,694 SF office/support space with ADA restrooms (2) and large meeting room
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
$121,277
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
8.09%
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%
$2,425,540
$2.4M
Cap Rate 7%
$1,732,529
$1.7M
Cap Rate 9%
$1,347,522
$1.3M
Market Conditions
NOI Build-Up for 10,000 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
$188.4K $18.84/SF
− Vacancy
−$15.1K −$1.51/SF
EGI
$173.3K $17.33/SF
− OpEx
−$52.0K −$5.20/SF
NOI
$121.3K $12.13/SF
Area
Lafayette County, LA
Vacancy
8.04%
Lease Rate
$18.84 /SF/Yr
Expense Ratio
30.00%
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%
$2,425,540
Cap Rate 7%
$1,732,529
Cap Rate 9%
$1,347,522
Alternative Uses
Best Use
Retail
$1.73M
$1.52M – $2.02M
NOI $121,277 @ 7.0% cap · market cap 8.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.36M
$2.07M – $2.76M
NOI $165,504 @ 7.0% cap · market cap 11.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
359
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 Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Showroom - Custom-built showroom and stock room on a one-acre corner lot with large digital signage and brick-and-stucco exterior.
Where is this showroom located?
The property is located at 2270 Main St Broussard, LA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Retail building built in 2015 with brick and stucco front and sides; 5,823 SF showroom with 11' 11' ceiling height plus customer service counter; 1,694 SF office/support space with ADA restrooms (2) and large meeting room
