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    Labit Rd Broussard, LA 70518

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

    Current Use by Public Records

    • Land

    Property Details for 0 Labit Rd

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

    Description

    This exceptional 51.29-acre industrial land parcel in Broussard, Louisiana, presents a significant investment opportunity. Located on Labit Road with additional access proposed via Southwestern Drive from Forum Drive, this property offers excellent visibility and accessibility. The land is zoned for industrial use, making it ideal for a variety of development projects. While the lots are proposed and not yet platted, the substantial acreage provides ample space for large-scale industrial construction. The asking price is $2,307,870, translating to $44,996 per acre. Note that the proposed Southern Drive has not yet been constructed. The property is identified by APN 1960001149 and is situated in Lafayette Parish, Louisiana, with a 70518 zip code. Restrictive covenants are in place. Reasonable offers will be considered. This is a unique chance to acquire a large, strategically located industrial land tract with significant development potential in a growing Louisiana market. The property's location provides easy access to major transportation routes, further enhancing its appeal to prospective industrial developers and businesses. This offering represents a compelling investment opportunity for those seeking a substantial land holding in a thriving industrial area.

    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 Parish
    State
    Louisiana
    Longitude
    -91.9295
    Latitude
    30.1217

    Comparable in this City

    • Value Estimation by Request
      0.75 Acres

      Garber Rdm

      Land • 0.75 Acres
      0 Garber Rdm, Broussard, LA 70518
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      3.16 Acres

      Wall Rd Lot

      Land • 3.16 Acres
      0 Wall Rd Lot, Broussard, LA 70518
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    • Value Estimation by Request
      3.79 Acres

      Southwestern Dr

      Land • 3.79 Acres
      0 Southwestern Dr, Broussard, LA 70518
      View Details
    • Value Estimation by Request
      4.56 Acres

      Forum Dr

      Land • 4.56 Acres
      0 Forum Dr, Broussard, LA 70518
      View Details
    • Value Estimation by Request
      3.27 Acres

      4 Wall Rd

      Land • 3.27 Acres
      4 Wall Rd, Broussard, LA 70518
      View Details
    • Value Estimation by Request

      212 Burgess Dr

      Land
      212 Burgess Dr, Broussard, LA 70518
      View Details

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    Similar Nearby for Lease

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    Labit Rd
    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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