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    Dwight W. Andrus Real Estate

    500 Dover Boulevard, Lafayette, LA 70503
    (337) 989-1112
    Web Site
    Size: under 10 agents

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    Property Types

    • Commercial Lease
    • Commercial Sale
    • Land
    • Residential Multi Family

    Listings

    For Sale (19)

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    Vacant Lot in River Ranch
    $310,000
    0.21 Acres

    Vacant Lot in River Ranch

    Residential lot near Elysian Fields Park, Lafayette, Louisiana.

    143 Elysian Fields Dr, Lafayette, LA 70508
    View details
    Carencro Corner Lot Opportunity
    $99,500
    0.97 Acres

    Carencro Corner Lot Opportunity

    Corner lot in established area with unique potential.

    200 Blk Arceneaux Rd, Carencro, LA 70520
    View details
    Lafayette Income-Producing Fourplex
    $155,000
    2,856 SF

    Lafayette Income-Producing Fourplex

    Income-generating fourplex with occupancy and rental upside in Lafayette, LA.

    200 628 Dr, Lafayette, LA 70507
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    Residential Lot in Gated Community
    $120,000
    0.19 Acres

    Residential Lot in Gated Community

    Residential land in gated community with lake views and amenities.

    105 Orchard Park Ave, Lafayette, LA 70508
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    Residential Lot in Youngsville, LA
    $84,900
    0.18 Acres

    Residential Lot in Youngsville, LA

    Residential land for sale in Cypress Gardens subdivision, Youngsville.

    108 Cypress Lk Dr, Youngsville, LA 70592
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    Residential Lot in Youngsville, LA
    $84,900
    0.18 Acres

    Residential Lot in Youngsville, LA

    Residential lot available in Cypress Gardens subdivision, Youngsville, LA.

    121 Cypress Lk Dr, Youngsville, LA 70592
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    Commercial Land in Growing Area
    $50,000
    0.35 Acres

    Commercial Land in Growing Area

    Commercial lot in up-and-coming New Iberia location.

    1101 W Main St, New Iberia, LA 70560
    View details
    Commercial Lot in Growing Area
    Contact for pricing
    0.45 Acres

    Commercial Lot in Growing Area

    Half-acre commercial lot in New Iberia, prime for development.

    1024 43, New Iberia, LA 70560
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    Commercial Lot in Growing Area
    Contact for pricing
    0.45 Acres

    Commercial Lot in Growing Area

    Commercial lot in New Iberia near upcoming business development.

    1026 St W, New Iberia, LA 70560
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    New Iberia Commercial Land
    $140,000
    1.65 Acres

    New Iberia Commercial Land

    Prime development opportunity near future solar plant.

    1030 43, New Iberia, LA 70560
    View details
    New Iberia Corner Lot
    $40,000
    0.73 Acres

    New Iberia Corner Lot

    Corner lot near future solar plant development.

    1028 W St Peter, New Iberia, LA 70560
    View details
    Residential Land in Audubon Parc
    $94,000

    Residential Land in Audubon Parc

    Residential land for sale in Lafayette's Audubon Parc development.

    105 Watercress Dr, Lafayette, LA 70508
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    Waterfront Lot in Audubon Parc
    $220,000
    0.28 Acres

    Waterfront Lot in Audubon Parc

    Waterfront lot ready for immediate construction in Lafayette, Louisiana.

    212 Gunter Grass Ct, Lafayette, LA 70508
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    Residential Land in Audubon Parc
    $104,000

    Residential Land in Audubon Parc

    Residential land for sale in Lafayette's newest development.

    107 Saltmeadow Ln, Lafayette, LA 70508
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    Delcambre Land Near Festival
    $50,000
    1.45 Acres

    Delcambre Land Near Festival

    1.45 acre lot near Shrimp Festival in Delcambre, Louisiana.

    205 6, Delcambre, LA 70528
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    Commercial Land in Maurice, LA
    $160,000
    2.06 Acres

    Commercial Land in Maurice, LA

    2.06 acre commercial land suitable for warehouse or office.

    116 Amhurst Rd, Maurice, LA 70555
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    Land For Sale, Maurice, LA
    $100,000
    1.05 Acres

    Land For Sale, Maurice, LA

    Land available near Vermilion Parish border, suitable for warehouse/office.

    122 Amhurst Rd, Maurice, LA 70555
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    Commercial Land in Maurice, LA
    $150,000
    1.88 Acres

    Commercial Land in Maurice, LA

    1.88 acre commercial land suitable for warehouse/office development.

    120 Amhurst Rd, Maurice, LA 70555
    View details
    Residential Land in Audubon Parc
    $94,000

    Residential Land in Audubon Parc

    Residential land for sale in Lafayette's Audubon Parc.

    205 Crossbill Dr, Lafayette, LA 70508
    View details

    For Lease (2)

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    Versatile Commercial Property in Eunice
    $265,000
    4,687 SF

    Versatile Commercial Property in Eunice

    Two business spaces, one with instant revenue potential.

    200 S 7Th St, Eunice, LA 70535
    View details
    Opelousas Office Space For Rent
    $197,500
    2,100 SF

    Opelousas Office Space For Rent

    Spacious office in Opelousas Opportunity Zone with modern amenities.

    223 S Main St, Opelousas, LA 70570
    View details

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    Dwight W. Andrus Real Estate
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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
    Dwight W. Andrus Real Estate
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