Climate-Controlled Flex
For Sale
$2,300,000
801b Heart D Farm Road, Broussard, LA 70518
Two climate-controlled buildings offer flexible interior space, multiple roll-up doors, and extensive paved parking.
Property Size17,500 SF
Lot Size4.01 Acres
Price / SF$135.29
Days on Market22
Property Features for 801b Heart D Farm Road
General Information
Standard status
Active
Size
17,500 SF
Lot size
4.01 Acres
Site & Location
Fenced Yard
Yes
Utilities to Site
Yes
Additional Details
Conditioned Warehouse
Yes
Amenities
two kitchens
two restrooms
loft storage
covered rear pavilion
covered main entrance
multiple RV electrical hookups
Building Details
Building Size
17,500 SF
Buildings
2
Listing Agency:
Keaty Real Estate Team
Listed By:
Scott Domingue · License #995710078
(337) 322-5895
Source:
Talbot-realty
Added: Oct 4
Changed: Oct 24
Last Checked: Oct 24 at 2:53PM
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 Keaty Real Estate Team
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.
The 4.01-acre property in Broussard includes more than 17,000 square feet across two climate-controlled buildings. The 14,000-square-foot main building has seven 5-ton HVAC systems, two kitchens, two restrooms, loft storage, Chicago brick flooring, an oversized roll-up door, and a covered rear pavilion. The auxiliary building contains more than 3,000 square feet, a 5-ton HVAC system, and four oversized roll-up doors.
Gated entry, extensive blacktop drives, large parking areas with capacity for hundreds of vehicles, and an oversized horseshoe drive support circulation across the site. Additional features include a covered main entrance, multiple RV electrical hookups, and city water and sewer.
Gated entry, extensive blacktop drives, large parking areas with capacity for hundreds of vehicles, and an oversized horseshoe drive support circulation across the site. Additional features include a covered main entrance, multiple RV electrical hookups, and city water and sewer.
Key Highlights
- 4.01‑acre property with more than 17,000+ sq ft of climate‑controlled space
- 14,000 sq ft main building with seven 5‑ton HVAC systems
- Auxiliary building offers 3,000+ sq ft, a 5‑ton HVAC system, and four oversized roll‑up doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$98,953
Cap Rate
4.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,979,060
$2.0M
Cap Rate 7%
$1,413,614
$1.4M
Cap Rate 9%
$1,099,478
$1.1M
Market Conditions
NOI Build-Up for 17,000 SF
Gross rent
$153.0K $9.00/SF
− Vacancy
−$765 −$0.05/SF
EGI
$152.2K $8.96/SF
− OpEx
−$53.3K −$3.13/SF
NOI
$99.0K $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%
$1,979,060
Cap Rate 7%
$1,413,614
Cap Rate 9%
$1,099,478
Alternative Uses
Best Use
Flex RnD
$1.41M
$1.24M – $1.65M
NOI $98,953 @ 7.0% cap · market cap 4.30%
Second Best
Warehouse
$1.23M
$1.08M – $1.44M
NOI $86,267 @ 7.0% cap · market cap 3.75%
Theoretical Best
Office A
$4.02M
$3.52M – $4.69M
NOI $281,357 @ 7.0% cap · market cap 12.23%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Fenced yard
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
116
Businesses Nearby
Balanced
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
Frequently Asked Questions
What type of property is this?
Flex space - Two climate-controlled buildings offer flexible interior space, multiple roll-up doors, and extensive paved parking.
Where is this flex space located?
The property is located at 801b Heart D Farm Road Broussard, LA.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: 4.01‑acre property with more than 17,000+ sq ft of climate‑controlled space; 14,000 sq ft main building with seven 5‑ton HVAC systems; Auxiliary building offers 3,000+ sq ft, a 5‑ton HVAC system, and four oversized roll‑up doors
