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    Garber Rd Broussard, LA 70518
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    Property profile & analytics

    Garber Rd, Broussard, LA 70518

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    • Land
    • 0.75 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Garber Rd

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

    Description

    This 0.75-acre industrial lot, located at Garber Rd., Unit 1-B in Broussard, Louisiana (zip code 70518), is priced to sell at $50,000. Situated in Lafayette Parish, this property is zoned for non-flood use and offers excellent access to Highway 90. The lot size is approximately 32,670 square feet (exact dimensions should be verified). It's ideally suited for self-storage facilities or smaller warehouse operations. The location benefits from proximity to both the airport and the city of Broussard. Utilities include city water and SLEMCO electricity. This is a new industrial park with lots ranging from one to five acres. The land value is $66,666 per acre. This represents a compelling opportunity for investors seeking a strategically located industrial property in a growing area. Buyers are advised to independently verify lot dimensions.

    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
    -91.9599
    Latitude
    30.148

    Comparable in this City

    • Value Estimation by Request

      212 Burgess Dr

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      Forum Dr Lot

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      32.41 Acres

      4500 Highway 90

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      4500 Highway 90, Broussard, LA 70518
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    • Value Estimation by Request
      10.12 Acres

      300 Albertson Pkwy

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      300 Albertson Pkwy, Broussard, LA 70518
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      120,466 SF

      209 Dairy Ln

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      209 Dairy Ln, Broussard, LA 70518
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    • Value Estimation by Request
      0.75 Acres

      Garber Rd

      Land
      0 Garber Rd, Broussard, LA 70518
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      Pending

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      Broussard Industrial Building For Sale

      14,000+/- SF industrial building in growing Broussard, LA market.
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    • $105,600

      Broussard Industrial Lot - $105,600

      Prime Commercial Land, 41,997 sq ft
      0 Garber Industrial Park, Broussard, LA 70518
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    • Contact for pricing
      Pending

      Land For Sale

      Land available for sale in Garber Industrial Park.
      Garber Industrial, Broussard, LA 70518
      View Details

    Similar Nearby for Lease

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      4,000 SF

      Industrial Facility Near Highway 90

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      Valley Ranch Industrial Park com

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      Industrial Space in Broussard

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      1,250 SF

      Broussard Commercial Space For Rent

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      115 Cason Rd, Broussard, LA 70518
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    • $834,000
      6,000 SF

      New Industrial Building in Broussard

      6,000 SF industrial building with office space for lease.
      102 Ibex Ln, Broussard, LA 70518
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    Broussard, LA 70518
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    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.

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