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    Forum Dr Lot Broussard, LA 70518

    • Land
    • 3.18 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Forum Dr Lot

    Lot size
    3.18 lot acres
    Property type
    Land
    Property subtype
    Industrial properties

    Description

    This exceptional 3.18-acre lot, located in the desirable Schaefer Industrial Park in Broussard, Louisiana, presents a compelling investment opportunity. Situated on Forum Drive, Lot #11 boasts 150 feet of road frontage, providing excellent visibility and accessibility. The property is conveniently located on the east side of Center Point Energy, ensuring easy access to essential services. Zoned for industrial use, this parcel is ready for immediate development. All public utilities are available, including municipal water and sewer services, along with electricity and gas. The asking price is $276,693, translating to $87,010 per acre. The property's tax ID/APN is 382223. This is a motivated seller situation, making this an attractive opportunity for businesses seeking a strategic location in a thriving industrial area. The location in Broussard, Lafayette, St. Martin County, Louisiana (zip code 70518) offers a strong infrastructure and proximity to key transportation routes. Don't miss this chance to acquire a well-positioned industrial lot with significant development potential.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Broussard
    County
    Lafayette, St. Martin
    State
    Louisiana
    Longitude
    -91.9252
    Latitude
    30.0772

    Comparable in this City

    • Value Estimation by Request
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      2.58 Acres

      Wall Rd Lot

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      0 Wall Rd Lot, Broussard, LA 70518
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      1.00 Acre

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      Individual retail properties • 1.00 Acre
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    • Value Estimation by Request
      2.51 Acres

      Wall Rd Lot

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

      Forum Dr Lot

      Land • 2.94 Acres
      0 Forum Dr Lot, Broussard, LA 70518
      View Details

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    Similar Nearby for Lease

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    • New
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    Forum Dr Lot
    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
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