1164 Smede Hwy Broussard, LA 70518-8033
- Commercial real estate
- 31,475 SF
- 7.58 lot acres
Current Use by Public Records
- Weatherford Rental Tools / Construction Company / General Contractor
Property Details for 1164 Smede Hwy
- Year built
- 2012
- Lot size
- 7.58 lot acres
- Property size
- 31,475 SF
- Property type
- Commercial real estate
- APN
- 18202A0551
- APU
- 18202A0551
Description
This exceptional investment opportunity presents three warehouse buildings totaling 91,232 square feet situated on a 7.58-acre lot in Broussard, Louisiana. Constructed in 2012, this property boasts a desirable I-1 zoning designation, offering significant flexibility for a variety of industrial uses. The buildings feature a two-story design, providing ample space for both storage and office functions. The property's address is 1164 Smede Hwy, Broussard, LA 70518, and its location within St. Martin Parish offers convenient access to major transportation routes. The asking price for this substantial property is $7,550,000. The property's Assessed Parcel Number (APN) is 18202A0551. This is a rare opportunity to acquire a well-maintained, sizable warehouse complex in a thriving Louisiana market. The substantial lot size provides ample room for expansion or future development. The combination of size, location, and zoning makes this an attractive proposition for investors seeking a strong return on investment in the industrial sector. The property's solid construction and relatively recent build date contribute to its long-term value and potential. Serious inquiries are encouraged to explore this compelling investment opportunity further.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $3,460,000
- 6.5%
- $3,195,000
- 7%
- $2,970,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $3,735,000
- AI Estimate
- $2,318,000
Market price range: $1.13M - $4.55MMarket price range: $935k - $2.64M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $2,905,000 Current use
- WAREHOUSE, STORAGE
- $2,970,000 Change: +2% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Broussard
- County
- Saint Martin
- State
- Louisiana
- Longitude
- -91.9284
- Latitude
- 30.0935
- CBSA code
- 29180
- CBSA name
- LAFAYETTE, LA METROPOLITAN STATISTICAL AREA