7700 Ambassador Caffery Pkwy Broussard, LA 70518
The Glen at Ambassador Caffery presents a rare opportunity to acquire a large-scale assembled development tract totaling ±53.64 acres along Broussard’s primary growth corridor. The site offers prominent frontage along Ambassador Caffery Parkway-one of Acadiana’s most active growth corridors commonly cited as one of Louisiana's fastest-growing municipalities, and benefits from an existing boundary survey suitable for immediate marketing and preliminary planning discussions. The assemblage supports a ±36-acre proposed residential development footprint toward the interior, with additional frontage-oriented parcels positioned for proposed commercial outparcels. Ownership reports material de-risking of the front end of development through substantial investment in site infrastructure, including approximately $5.5 million in roadway and related improvements. Third-party corridor materials indicate an orientation toward modern commercial uses (retail, office, and service), and utilities are identified as available in the immediate area. A multifamily project is reported to be planned/underway across the parkway, supporting long term residential demand, and the seller may consider a joint-venture structure for a multifamily program with a qualified developer, subject to negotiation and Seller approval. The tract’s scale and configuration support multiple executable strategies—ranging from subdivided pad development along the corridor to residential or multifamily concepts toward the rear—allowing a buyer to phase capital and align product type with market demand. With limited offerings of this size along the Ambassador Caffery corridor, The Glen provides a compelling platform for developers seeking visibility, flexibility, and long-term optionality in one of Acadiana’s most active submarkets.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.