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    Property profile & analytics

    Asma Blvd Broussard, LA 70518

    • Office Properties & Spaces
    • 71,408 SF
    • 3.70 lot acres
    OFF-MARKET
    Value Estimations
    $840,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US36-1099953
    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

    • Office Properties & Spaces

    Property Details for Asma Blvd

    Year built
    1984
    Lot size
    3.70 lot acres
    Property size
    71,408 SF
    Property type
    Office Properties & Spaces
    APN
    6058369
    APU
    6058369

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $840,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Broussard
    County
    Lafayette
    State
    Louisiana
    Longitude
    -92.0144
    Latitude
    30.1843
    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
    $80,101
    $104,676
    $661,062
    $765,738
    -
    $1,046,760
    $4,407,080
    $5,453,840

    Comparable in this City

    • Value Estimation
      $970,000
      3,508 SF

      201 Saint Nazaire Rd

      OFFICE (GENERAL) • 3,508 SF
      201 Saint Nazaire Rd, Broussard, LA 70518-4204
      View Details
    • Value Estimation
      $280,000
      5,356 SF

      6703 Ambassador Caffery Pkwy Ste A

      OFFICE (GENERAL) • 5,356 SF
      6703 Ambassador Caffery Pkwy Ste A, Broussard, LA 70518-5285
      View Details
    • Value Estimation
      $285,000
      3,080 SF

      803 Albertson Pkwy

      OFFICE (GENERAL) • 3,080 SF
      803 Albertson Pkwy, Broussard, LA 70518-4349
      View Details
    • Value Estimation
      $565,000
      26,750 SF

      5801 Hwy 90th E

      OFFICE (GENERAL) • 26,750 SF
      5801 Hwy 90th E, Broussard, LA 70518-5914
      View Details
    • Value Estimation by Request
      2.19 Acres

      6007 Ambassador Caffery Pkwy

      Office Properties & Spaces • 2.19 Acres
      6007 Ambassador Caffery Pkwy, Broussard, LA 70518
      View Details
    • Value Estimation by Request
      1,519 SF

      484 Albertson Pkwy

      Medical offices • 1,519 SF
      484 Albertson Pkwy, Broussard, LA 70518
      View Details

    Similar Nearby for Sale

    • $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
      1.00 Acre

      Broussard Mixed-Use Development

      32-Acre prime commercial land, build-to-suit.
      7700 Ambassador Caffery Pkwy, Broussard, LA 70518
      View Details
    • $950,000
      18,500 SF

      Broussard Commercial Property

      18,500 SF Warehouse, Office & Yard - $7,500/month lease
      1023 Bertrand Pkwy, Broussard, LA 70518
      View Details
    • $272,088
      1.04 Acres

      Broussard Commercial Land - $272,088

      1.04-acre commercial lot, prime Broussard location.
      1132 Bernard Rd, Broussard, LA 70518
      View Details
    • Contact for pricing
      1,519 SF

      Albertson Parkway Office Suite 203

      Broussard, LA Office Space - Buy or Lease
      484 Albertson Pkwy, Broussard, LA 70518
      View Details
    • $725,000
      12,400 SF

      Broussard Industrial Office Complex

      12,400 SF Office & Warehouse, $725K
      1015 Cruse Ave, 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
    • $2,300 /Mo
      4,000 SF

      Broussard Warehouse/Office Space Available

      4,000 SF warehouse/office space for lease in Broussard, LA.
      204 Burgess Dr, 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
    • $30 SF/Yr
      3,519 SF

      Office Space in Broussard, LA

      Office space available for lease or purchase in Broussard.
      484 Albertson Pkwy, Broussard, LA 70518
      View Details
    • $3,750 /Mo
      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
    • $9,415 /Mo
      7,536 SF

      Broussard Warehouse Space For Lease

      Versatile warehouse space with excellent visibility, ideal for business operations.
      425 St De Porres St, Broussard, LA 70518
      View Details
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    Asma Blvd
    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.

    More about this property
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