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    101 Nova Dr Broussard, LA 70518

    Sponsored
    For Sale
    $349,000

    4.3-acre industrial lot, prime location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 4.3-acre industrial land parcel presents a compelling investment opportunity in Broussard, Louisiana. Located at 101 Nova Drive, this property boasts excellent visibility and convenient access to Highway 90, a major thoroughfare with over 40,000 vehicles daily. The site's strategic position within the Highway 90 Postal Subdivision ensures seamless connectivity to Lafayette Regional Airport, further enhancing its logistical advantages. The asking price is $349,000, translating to a land value of $81,163 per acre. Easy ingress and egress onto Highway 90 are key features, simplifying transportation and logistics. This property is ideal for businesses seeking a high-visibility location with convenient access to major transportation routes and infrastructure. The property is zoned for industrial use and offers significant potential for development. Its location in Broussard, Lafayette County, Louisiana (zip code 70518) provides access to a growing market and a skilled workforce. The coordinates are 30.1507344 latitude and -91.954194 longitude. This is a rare opportunity to acquire a well-situated industrial land parcel in a thriving Louisiana community.

    Property Features for 101 Nova Dr

    General Information

    Property type
    Land
    Lot Size
    187,308 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Dental Office Spa & Massage Building Supply Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Broussard
    County
    Lafayette
    State
    Louisiana
    Longitude
    -91.954194
    Latitude
    30.1507344

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    FAQs

    What type of property is this?
    Land - 4.3-acre industrial lot, prime location.
    Where is this land located?
    The property is located at 101 Nova Dr Broussard, LA.
    What is the asking price?
    The asking price for this property is $349,000.
    Request Owner's contact information
    101 Nova Dr Broussard, LA 70518
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    Broussard, LA 70518
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    101 Nova Dr Broussard, LA 70518
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