Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2931 Highway 90 Broussard, LA 70518
    Property profile & analytics

    2931 Highway 90, Broussard, LA 70518

    View on Map
    • Warehouses
    • 2,787 SF
    • 1.14 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Jazz Auto Glass and Tint / Auto Repair Shop / (Bike/Boat/Book/etc) Store
    • Jazz Auto Tint and Windshield / Interior Design / Auto Repair Shop

    Property Details for 2931 Highway 90

    Lot size
    1.14 lot acres
    Property type
    Warehouses
    Property subtype
    Industrial properties

    Description

    This ±2,787 square foot industrial property, located at 2931 Highway 90 E in Broussard, Lafayette Parish, Louisiana, offers a unique blend of office and warehouse space. The single-tenant building sits on 1.14 acres of land and is zoned for industrial use (APN: 6072119). The warehouse component features a roll-up door, heating, and air conditioning, providing a climate-controlled environment for various operational needs. The office space includes a reception area with a fireplace, two private offices, and a restroom, offering a professional and comfortable workspace. This property boasts a highly convenient location, with easy access from both Highway 90 and Garber Road, providing excellent accessibility for both employees and clients. Its proximity to the I-10/I-49 split (approximately 6.5 miles) further enhances its strategic position, offering seamless connectivity to major transportation arteries. This versatile property is ideal for a variety of manufacturing, warehouse, or distribution businesses seeking a well-maintained and conveniently located facility. The property's single-tenant occupancy ensures a streamlined operational environment. Serious inquiries are encouraged to explore this exceptional opportunity.

    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 Parish
    State
    Louisiana
    Longitude
    -91.9824
    Latitude
    30.1748

    Comparable in this City

    • Value Estimation by Request
      10,353 SF

      3712 Pinhook Rd

      Manufacturing properties
      3712 Pinhook Rd, Broussard, LA 70518
      View Details
    • Value Estimation by Request
      10,353 SF

      3712 Pinhook Rd

      Distribution properties
      3712 Pinhook Rd, Broussard, LA 70518
      View Details
    • Value Estimation by Request
      12,000 SF

      106 Oil Patch Rd

      Distribution properties
      106 Oil Patch 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
      120,466 SF

      209 Dairy Ln

      Distribution properties
      209 Dairy Ln, Broussard, LA 70518
      View Details
    • Value Estimation by Request
      3,600 SF

      3720 Pinhook Rd

      Distribution properties
      3720 Pinhook Rd, Lafayette, LA 70518
      View Details

    Similar Nearby for Sale

    • $1,810,000
      30,564 SF

      Broussard Warehouse with Cranes

      3.5-acre commercial property with warehouse and manufacturing buildings.
      6201 Us Hwy 90 E, Broussard, LA 70518
      View Details
    • $1,004,059
      11.52 Acres

      Prime Industrial Development Site

      11.52-acre development site in Lafayette's Schaefer Industrial Park.
      5 6, Broussard, LA 70518
      View Details
    • Contact for pricing
      76,000 SF

      Industrial Facility on 8.31 Acres

      40,000 SF industrial facility with covered storage and rail access.
      101 South Bernard 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
    • $649,000
      15,000 SF

      Broussard Industrial Property For Rent

      Industrial property in high-demand area with excellent truck access.
      102 Cason Rd, Broussard, LA 70518
      View Details
    • Contact for pricing

      Valley Ranch Industrial Park com

      Valley Ranch Industrial Park
      221-231 Highway 96, Broussard, LA 70518
      View Details
    • Contact for pricing
      5,000 SF

      Industrial Space in Broussard

      Well-maintained, climate-controlled warehouse with offices and easy highway access.
      103 Bluffwood Dr, Broussard, LA 70518
      View Details
    • Contact for pricing
      1,250 SF

      Broussard Commercial Space For Rent

      Commercial space for rent in Broussard, Louisiana, near Hwy 90.
      115 Cason Rd, 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.
    2931 Highway 90
    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
    2931 Highway 90, 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!