Warehouse with Office and
For Sale
Contact for pricing
231 Tubing Road, Broussard, LA 70518
Clean warehouse with office, canopy, and ample yard space.
Property Size6,750 SF
Price / SF$77.78
Days on Market104
Property Features for 231 Tubing Road
General Information
Standard status
Active
Size
6,750 SF
Property subtype
Industrial
Zoning
Light Industrial
Building Details
Buildings
1
Stories
1
Listing Agency:
Stirling Properties Lafayette
(337) 234-4481
Listed By:
Charles Cornay · License #LA 47933
Source:
Crexi
Added: May 18
Changed: Aug 8
Last Checked: Aug 26 at 8:23AM
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 Stirling Properties Lafayette
Investment Insights
Based on property information with market context.
This property features a warehouse with 1,250 square feet of office space and 4,750 square feet of warehouse area, along with a 750-square-foot canopy. The property is located in Lafayette Parish, two blocks from Highway 90. It offers ample yard space suitable for storage and manufacturing. The property is ready for immediate occupancy.
Key Highlights
- Clean warehouse condition
- Immediate occupancy availability
- Convenient location: 2 blocks from HWY 90 in Lafayette Parish
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
$34,253
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
6.52%
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%
$685,060
$685.1K
Cap Rate 7%
$489,329
$489.3K
Cap Rate 9%
$380,589
$380.6K
Market Conditions
NOI Build-Up for 6,750 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
$40.5K $6.00/SF
− Vacancy
−$203 −$0.03/SF
EGI
$40.3K $5.97/SF
− OpEx
−$6.0K −$0.90/SF
NOI
$34.3K $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%
$685,060
Cap Rate 7%
$489,329
Cap Rate 9%
$380,589
Alternative Uses
Best Use
Office B
$1.12M
$981.9K – $1.31M
NOI $78,550 @ 7.0% cap · market cap 14.96%
Second Best
Warehouse
$489.3K
$428.2K – $570.9K
NOI $34,253 @ 7.0% cap · market cap 6.52%
Theoretical Best
Office A
$1.60M
$1.40M – $1.86M
NOI $111,715 @ 7.0% cap · market cap 21.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
340
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
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
- Clima Secur Storage — 2829 SE Evangeline Thruway, Lafayette, LA 70508
Frequently Asked Questions
What type of property is this?
Warehouse - Clean warehouse with office, canopy, and ample yard space.
Where is this warehouse located?
The property is located at 231 Tubing Road Broussard, LA.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Clean warehouse condition; Immediate occupancy availability; Convenient location: 2 blocks from HWY 90 in Lafayette Parish
