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    Ivan Jennings, Lafayette, LA

    License ID: 995702198
    Years of Experience
    9
    Association
    Realtor Association Of Acadiana

    Service Locations

    Contact details

    Phone:
    (337) 735-9300
    Office Address:
    900 S College Rd Ste 100, Lafayette, LA, 70503

    Performance

    Listings
    13
    Total transactions
    42
    Total transactions amount
    $7M
    Price range
    $135k - 2.9M
    Average price
    $167k

    Listings

    For Sale (13)

    View map
    • $175,000
      3,000 SF

      Restaurant with Living Quarters

      Functional drive-in restaurant with attached living quarters in Abbeville.
      901 Charity St, Abbeville, LA 70510
      View Details
    • $65,000
      0.26 Acres

      Commercial Land Near Downtown Lafayette

      Commercial acreage in high-traffic area near downtown Lafayette.
      120 SE Evangeline Thruway, Lafayette, LA 70501
      View Details
    • Contact for pricing
      0.11 Acres

      Land For Sale, Midland, LA

      Land available in Midland, Louisiana.
      1 Sabine Dr, Midland, LA 70559
      View Details
    • $120,000
      1.24 Acres

      Lafayette Commercial Land Opportunity

      1.24 acre commercial land parcel in Lafayette, Louisiana.
      900 Guilbeau Rd, Lafayette, LA 70506
      View Details
    • $350,000
      3.82 Acres

      Lafayette Land with Road Frontage

      3.82 acre commercial land parcel in Lafayette, Louisiana.
      900 Guilbeau Rd, Lafayette, LA 70506
      View Details
    • $156,750
      1.65 Acres

      Commercial Land in Lafayette, LA

      Commercial land for sale with excellent location and access.
      900 Guilbeau Rd, Lafayette, LA 70506
      View Details
    • $147,250
      1.55 Acres

      Lafayette Land For Sale

      Commercial land available in a prime Lafayette location.
      900 Guilbeau Rd, Lafayette, LA 70506
      View Details
    • $146,300
      1.54 Acres

      Lafayette Land For Sale

      Commercial land available in excellent location with quick access.
      900 Guilbeau Rd, Lafayette, LA 70506
      View Details
    • $147,250
      1.55 Acres

      Commercial Land in Lafayette, LA

      Commercial land for sale with excellent location and access.
      900 Guilbeau Rd, Lafayette, LA 70506
      View Details
    • $468,000
      57.04 Acres

      Rayne, LA Agricultural Land

      57.04 acres near town and schools, suitable for farming.
      1103 W Branche St, Rayne, LA 70578
      View Details
    • $1,450,000
      145.05 Acres

      Rayne Land with Highway Frontage

      145.05 acres near town suitable for farming or development.
      1100 W Blk Branche St, Rayne, LA 70578
      View Details
    • $65,000
      1.43 Acres

      Unrestricted Land Ready to Build

      Cleared 1.44 acre lot ready for your dream home.
      554 Aragon Rd, Montegut, LA 70377
      View Details
    • $275,000
      25.65 Acres

      Land Available in Breaux Bridge

      25.65 acres of land suitable for various uses.
      00000 Declouet Hwy, Breaux Bridge, LA 70517
      View Details

    Leases and Sales on Map

    • For Sale

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    Ivan Jennings, Lafayette, LA
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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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    Ivan Jennings, Lafayette, LA
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