Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1008 Smede Hwy Broussard, LA 70518-8052

    • Commercial real estate
    • 2.00 lot acres
    OFF-MARKET
    Last Sale
    Jun 26, 2024
    $15,047
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US36-0838603
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Barandas Fresh Mexican Grill / Restaurant
    • Cohn Chiropractic Clinic / Alternative Medicine Practice
    • MOTHERS SOUTHERN CAFE / Restaurant
    • The Best Stop Cajun Market - Broussard / Grocery & Convenience Store / Food Market
    • Dr. Rowdy Gautreau / Alternative Medicine Practice

    Property Details for 1008 Smede Hwy

    Lot size
    2.00 lot acres
    Property type
    Commercial real estate
    APN
    18202A0616
    APU
    18202A0616

    Description

    Evangeline Plaza Shopping Center, located at 1008 Smede Hwy in Broussard, Louisiana (zip code 70518), presents a prime retail opportunity. This 10,740 square foot neighborhood center, situated on a 3.6-acre lot (APN 18202A0616, Lafayette County), currently has 1,100 square feet of vacant space available for lease. The property is a multi-tenant strip center offering excellent visibility and ample parking. Its strategic corner location at the intersection of Evangeline Thruway (Highway 90) and Smede Highway provides high traffic exposure, directly across from Le Triomphe Country Club. The center is ideally positioned to benefit from the significant job growth in the area, fueled by the upcoming Safe Source Direct PPE facility, projected to create 2,000 new jobs. Furthermore, its location along the future I-49 expansion corridor ensures long-term growth potential. The available space is suitable for a variety of uses, including retail, office, or salon businesses. This is an exceptional opportunity to establish a presence in a thriving Broussard community.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Broussard
    County
    Saint Martin
    State
    Louisiana
    Longitude
    -91.9396
    Latitude
    30.0938
    CBSA code
    29180
    CBSA name
    LAFAYETTE, LA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $11,936
    $14,000
    $102,840
    $116,840
    -
    $140,000
    $685,600
    $825,600

    Comparable in this City

    • Value Estimation by Request
      5.42 Acres

      500 Blk Hardware Rd

      Land • 5.42 Acres
      500 Blk Hardware Rd, Broussard, LA 70518
      View Details
    • Value Estimation by Request
      0.29 Acres

      201 Shadow Bnd Dr

      COMMERCIAL (GENERAL) • 0.29 Acres
      201 Shadow Bnd Dr, Broussard, LA 70518-7788
      View Details
    • Value Estimation by Request
      1.50 Acres

      3202 Captain Cade Rd

      COMMERCIAL (GENERAL) • 1.50 Acres
      3202 Captain Cade Rd, Broussard, LA 70518-8220
      View Details
    • Value Estimation by Request
      0.79 Acres

      1057 Dudley Menard Rd

      COMMERCIAL (GENERAL) • 0.79 Acres
      1057 Dudley Menard Rd, Broussard, LA 70518-7611
      View Details
    • Value Estimation by Request
      0.80 Acres

      1207 Evangeline Thruway

      COMMERCIAL (GENERAL) • 0.80 Acres
      1207 Evangeline Thruway, Broussard, LA 70518
      View Details
    • Value Estimation by Request
      0.27 Acres

      225 Millstone Rd

      COMMERCIAL (GENERAL) • 0.27 Acres
      225 Millstone Rd, Broussard, LA 70518
      View Details

    Similar Nearby for Sale

    • $2,650,000
      7.10 Acres

      Prime Broussard Commercial Land

      7.1 Acres, Hwy 90 & 92 Intersection
      5900 Highway 90, Broussard, LA 70518
      View Details
    • $1,350,000
      6.20 Acres

      Broussard Commercial Land - Hwy 96

      6.2 Acres, Prime Commercial Location
      400 Ln 96, Broussard, LA 70518
      View Details
    • $1,137,000
      8.70 Acres

      Broussard Commercial Land

      8.7-acre commercial lot, excellent visibility.
      510 Albertson Pkwy, Broussard, LA 70518
      View Details
    • $2,509,000
      7.20 Acres

      Broussard Commercial Land - 7.2 Acres

      Prime Broussard location, 7.2 acres, adjacent to sports complex.
      901 St Nazaire Rd, Broussard, LA 70518
      View Details
    • $1,500,000
      1.00 Acre

      Ambassador Caffery Frontage Land

      Broussard industrial land, flexible zoning.
      300 Blk Hardware Rd, Broussard, LA 70518
      View Details
    • Contact for pricing
      0.94 Acres

      Ambassador Commons Outparcels

      Prime Broussard Retail Land
      0 Ambassador Caffery Pkwy At Hwy 90, Broussard, LA 70518
      View Details

    Similar Nearby for Lease

    • $9 SF/Yr
      4,000 SF

      Broussard Office/Warehouse Space Available

      Office and warehouse space for lease in Broussard.
      212 Jared Dr, Broussard, LA 70518
      View Details
    • $20,000 /Mo
      21,560 SF

      Renovated Industrial Facility For Lease

      Newly renovated industrial facility with office space and stabilized yard.
      1244 Petroleum Pkwy, Broussard, LA 70518
      View Details
    • $3,800 /Mo

      Industrial Facility with Office Space

      6,500 SF industrial facility with office and warehouse space for rent.
      210 Derrick Rd, Broussard, LA 70518
      View Details
    • $4,800 /Mo
      5,200 SF

      Renovated Office and Warehouse Space

      Modern, furnished office and warehouse space available for lease.
      200 Woodland Dr, Broussard, LA 70518
      View Details
    • $1.00 SF/Yr
      15,000 SF

      Broussard Industrial/Office Space For Rent

      Industrial and office space in a desirable Acadiana corridor.
      102 Cason Rd, Broussard, LA 70518
      View Details
    • $7,500 /Mo
      18,500 SF

      Broussard Industrial Space For Sale/Lease

      18,500 SF industrial space; Broussard, LA
      1023 Bertrand Pkwy, 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.
    1008 Smede Hwy
    Broussard, LA 70518-8052
    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

    Google sign-in failed. Please try again or use another login method.