Historic Mixed-Use Live-Work
For Sale
$374,900
420 Berard Street, Breaux Bridge, LA 70517
COMMERCIAL - Breaux Bridge, LA
Property Size4,008 SF
Lot Size0.70 Acres
Price / SF$93.54
Days on Market215
Property Features for 420 Berard Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Mixed Use
Parking features
Garage, Parking Lot, Off Street, On Street
Exterior features
Outside Storage, Storage Building
Lot features
Level
Directions
From Highway 90 E. Right on E Pinhook. Right onto Carmel Drive. Right onto Berard Street. Home will be on the Left.
Subdivision
M1
Standard status
Active
APN
06901j2758
Size
4,008 SF
Lot size
0.70 Acres
Taxes and HOA fees
Tax Description
LOT: 162' X 189.2' PELLERIN, LEDOUX ALS, CASTILLE, BERARD ST.COB: 1155-206-262665 1231-432-278298 1790-659-520823
Legal Description
LOT: 162' X 189.2' PELLERIN, LEDOUX ALS, CASTILLE, BERARD ST.COB: 1155-206-262665 1231-432-278298 1790-659-520823
Utilities
Heating system
Central
Cooling system
Ceiling Fan(s), Central Air
Water source
Public
Building Details
Floors in Building
2
Flooring type
Tile, Wood, Tile - Ceramic
Roof type
Composition
Additional Structures
Storage
Listing Agency:
RE/MAX Acadiana · RE/MAX International
(337) 984-8470
Listed By:
Brandi C McKnight · License #99564199
(337) 316-1320
Added: Jan 20
Changed: Aug 4
Last Checked: Aug 23 at 2:06AM
MLS# 2600000116
Copyright © 2026 Realtor Association of Acadiana. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 1918, this historic mixed-use zoned building offers flexible live-work possibilities. The property is described as previously used as a single-family residence and most recently home to an attorney’s practice, giving it an established track record for professional office use as well as residential use. Interior features include original wood floors and period architectural details.
Set on a lot of about 0.7 acres in Breaux Bridge, the property also includes a large backyard. It is equipped with a whole-house generator.
Addressed at 420 Berard Street, the building is listed with a property size of 4,008 square feet.
Set on a lot of about 0.7 acres in Breaux Bridge, the property also includes a large backyard. It is equipped with a whole-house generator.
Addressed at 420 Berard Street, the building is listed with a property size of 4,008 square feet.
Key Highlights
- Built in 1918 historic mixed‑use‑zoned property in Breaux Bridge
- Includes original wood floors and tile flooring, plus period trim and architectural details
- Central heating and central air with ceiling fans
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
$26,453
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
7.06%
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%
$529,060
$529.1K
Cap Rate 7%
$377,900
$377.9K
Cap Rate 9%
$293,922
$293.9K
Market Conditions
NOI Build-Up for 4,008 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
$48.1K $12.00/SF
− Vacancy
−$5.8K −$1.44/SF
EGI
$42.3K $10.56/SF
− OpEx
−$15.9K −$3.96/SF
NOI
$26.5K $6.60/SF
Area
St. Martin County, LA
Vacancy
12.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
37.50%
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%
$529,060
Cap Rate 7%
$377,900
Cap Rate 9%
$293,922
Alternative Uses
Best Use
Office B
$657.0K
$574.9K – $766.5K
NOI $45,992 @ 7.0% cap · market cap 12.27%
Second Best
Mixed Use
$377.9K
$330.7K – $440.9K
NOI $26,453 @ 7.0% cap · market cap 7.06%
Theoretical Best
Office A
$880.2K
$770.1K – $1.03M
NOI $61,611 @ 7.0% cap · market cap 16.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
472
Businesses Nearby
Explore this area
Business Placement
Demographics for 70517, LA
26,434
Population
11,884
Households
2.2
Avg Household Size
39
Median Age
15%
College-Educated
81%
High-School Grad
168.7 sq mi
ZIP Area
157
Density / Sq Mi
$58,342
Median Household Income
$40,119
Median Earnings
$938
Median Rent
$151,600
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.
Frequently Asked Questions
What type of property is this?
Live-work space - Built in 1918 and mixed-use zoned, this property includes original wood floors and a large backyard.
Where is this live-work space located?
The property is located at 420 Berard Street Breaux Bridge, LA.
What is the asking price?
The asking price for this property is $374,900.
What are key features of this property?
This property features: Built in 1918 historic mixed‑use‑zoned property in Breaux Bridge; Includes original wood floors and tile flooring, plus period trim and architectural details; Central heating and central air with ceiling fans
