Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Wall Rd Lot Broussard, LA 70518
    Back to Search
    Property profile & analytics

    Wall Rd Lot, Broussard, LA 70518

    View on Map
    • Office Spaces
    • 2.58 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office Spaces

    Property Details for 0 Wall Rd Lot

    Lot size
    2.58 lot acres
    Property type
    Office Spaces
    Property subtype
    Land

    Description

    This exceptional 2.58-acre lot, identified as APN 382241, is situated in the desirable Schaefer Industrial Park in Broussard, Louisiana, and presents a compelling investment opportunity. Zoned for industrial use, this property boasts 210 feet of frontage on Wall Road, providing excellent visibility and accessibility. The lot's location offers convenient access to essential utilities, including municipal water and electricity. A significant advantage is the presence of a drainage canal along the western and southern boundaries, mitigating potential drainage issues. The asking price is $224,770, translating to $87,120 per acre, reflecting a competitive land value in this thriving market. The property's address is Wall Rd Lot #3, Broussard, LA 70518. This is a rare opportunity to acquire a well-located, ready-to-develop industrial parcel in a rapidly growing area. The seller is motivated, and offers are encouraged. The property is located in Lafayette County.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Broussard
    County
    Lafayette
    State
    Louisiana
    Longitude
    -91.9315
    Latitude
    30.0776

    Comparable in this City

    • Value Estimation by Request
      1.00 Acre

      300 Blk Hardware Rd

      Individual retail properties
      300 Blk Hardware Rd, Broussard, LA 70518
      View Details
    • Value Estimation by Request
      1.00 Acre

      7700 Ambassador Caffery Pkwy

      Land
      7700 Ambassador Caffery Pkwy, Broussard, LA 70518
      View Details
    • Value Estimation by Request
      1.04 Acres

      1132 Bernard Rd

      Individual retail properties
      1132 Bernard Rd, Broussard, LA 70518
      View Details
    • Value Estimation by Request
      10.12 Acres

      300 Albertson Pkwy

      Multifamily properties
      300 Albertson Pkwy, Broussard, LA 70518
      View Details
    • Value Estimation by Request
      3.16 Acres

      Wall Rd Lot

      Land
      0 Wall Rd Lot, Broussard, LA 70518
      View Details
    • Value Estimation by Request
      2.51 Acres

      Wall Rd Lot

      Land
      0 Wall Rd Lot, Broussard, LA 70518
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1.00 Acre

      Broussard Mixed-Use Development

      32-Acre prime commercial land, build-to-suit.
      7700 Ambassador Caffery Pkwy, Broussard, LA 70518
      View Details
    • $209,000

      Prime Commercial Acre in Broussard

      Corner lot with high visibility, dual road access, versatile potential.
      1288 South Bernard Rd, Broussard, LA 70518
      View Details
    • Contact for pricing
      Pending

      Land For Sale Broussard

      Land available for purchase in Broussard, Louisiana.
      1114 Briar Patch Rd, Broussard, LA 70518
      View Details

    Similar Nearby for Lease

    • $144 SF/Yr
      3,600 SF

      Broussard Warehouse/Office Space

      3600 sq ft warehouse, prime location
      3720 Pinhook Rd, Lafayette, LA 70518
      View Details
    • Contact for pricing
      4,000 SF

      Industrial Facility Near Highway 90

      Versatile industrial building with accessibility for manufacturing, distribution, or commercial.
      110 Brush Rd, Broussard, LA 70518
      View Details
    • $8 SF/Yr

      Climatized Office/Warehouse Facility For Lease

      32,114 SF office/warehouse with climate control and functional layout.
      1196 Petroleum Pkwy, Broussard, LA 70518
      View Details
    • Contact for pricing
      6,500 SF

      Industrial Facility with Office Space

      6,500 SF industrial facility with office and warehouse space.
      210 Derrick Rd, Broussard, LA 70518
      View Details
    • Contact for pricing
      5,000 SF

      Broussard Industrial Space For Lease

      Well-maintained industrial space with offices and climate-controlled warehouse.
      103 Bluffwood Dr, Broussard, LA 70518
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Wall Rd Lot
    Broussard, LA 70518
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    Wall Rd Lot, Broussard, LA, 70518
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!