Office Park in Broussard,
For Sale
Contact for pricing
484 Albertson Pkwy, Broussard, LA 70518
Office park in high growth area of Albertson Parkway.
Property Size2,000 SF
Price / SF$0.20
Days on Market2763
Property Features for 484 Albertson Pkwy
General Information
Standard status
Active
Size
2,000 SF
Property subtype
Office
Amenities
Water
Sewer
Building Details
Year Built
2019
Listing Agency:
Scout Real Estate Co.
Listed By:
Diana Stephens
(225) 235-5755
Source:
Lacdb.resimplifi
Added: Apr 1, 2019
Changed: Oct 7
Last Checked: Oct 23 at 3:33AM
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 Scout Real Estate Co.
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Investment Insights
Based on property information with market context.
Located in a high-growth area on Albertson Parkway in Broussard, LA, this office park features a building currently occupied by Acadiana Comprehensive Therapy Services (ACTS). A second building is under construction. The property's frontage on Albertson Parkway provides visibility and ease of access. Turn-key, custom-built office space is available for purchase. The property size is 2000 square feet. All site work, architectural planning, interim construction financing, and buildout are included.
Key Highlights
- Located in a high‑growth area on Albertson Parkway in Broussard, LA.
- Turn‑key, custom build office space available.
- Purchase or lease options available.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,274
Suggested Prices Based on Cap Rates
Cap Rate 5%
$465,480
$465.5K
Cap Rate 7%
$332,486
$332.5K
Cap Rate 9%
$258,600
$258.6K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$36.0K $18.00/SF
− Vacancy
−$5.0K −$2.48/SF
EGI
$31.0K $15.52/SF
− OpEx
−$7.8K −$3.88/SF
NOI
$23.3K $11.64/SF
Area
Lafayette County, LA
Vacancy
13.80%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$465,480
Cap Rate 7%
$332,486
Cap Rate 9%
$258,600
Alternative Uses
Best Use
Office B
$332.5K
$290.9K – $387.9K
NOI $23,274 @ 7.0% cap · market cap 5,818.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$472.9K
$413.8K – $551.7K
NOI $33,101 @ 7.0% cap · market cap 8,275.25%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
187
Businesses Nearby
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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Office park in high growth area of Albertson Parkway.
Where is this office unit located?
The property is located at 484 Albertson Pkwy Broussard, LA.
What are key features of this property?
This property features: Located in a high‑growth area on Albertson Parkway in Broussard, LA.; Turn‑key, custom build office space available.; Purchase or lease options available.
