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    • Brokers

    Michael Doughty, Lafayette, LA

    License ID: 0995694508
    Platinum Realty
    Years of Experience
    12

    Contact details

    Phone:
    (337) 250-3427

    Performance

    Listings
    21
    Total transactions
    125
    Total transactions amount
    $25M
    Price range
    $133k - 300k
    Average price
    $200k

    Listings

    For Sale (12)

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    • $595,000
      9.05 Acres

      Waterfront Land on Mermentau River

      9.05-acre waterfront property with development potential in Gueydan, Louisiana.
      595 Iowa Ave, Gueydan, LA 70542
      View Details
    • New
      $250,000
      Pending

      Historic Office Building in Crowley

      Charming office building with historic character and modern versatility.
      211 N Parkerson Ave, Crowley, LA 70526
      View Details
    • $125,000
      4,618 SF

      Gueydan Commercial Property For Sale

      Commercial property in the heart of Gueydan with great visibility.
      411 S 1St St, Gueydan, LA 70542
      View Details
    • $265,000
      3.71 Acres

      Commercial Land I-10 Frontage

      3.71 acre commercial land with I-10 frontage.
      lot A-5A & 7-D Tbda-57-D Egan Hwy, Crowley, LA 70526
      View Details
    • $72,500
      4.91 Acres

      Unrestricted Land in Iota, LA

      4.913-acre tract in Iota School District, Flood Zone X.
      G Mulberry Ln, Iota, LA 70543
      View Details
    • $65,000
      18.23 Acres

      Commercial Land on Highway 90

      Commercial land available on Highway 90 in Estherwood, Louisiana.
      Us-90 Lot Tract B, Estherwood, LA 70534
      View Details
    • $150,000
      3.71 Acres

      Commercial Land on Highway 90

      Commercial land available on Highway 90 in Estherwood, Louisiana.
      Us-90 Lot Tract A, Estherwood, LA 70534
      View Details
    • $30,000
      18.23 Acres

      Highway 90 Commercial Land

      Commercial land available on Highway 90 in Estherwood, Louisiana.
      Us-90 Lot Tract C, Estherwood, LA 70534
      View Details
    • $350,000
      Pending

      Multi-Use Strip Center For Sale

      7,800 SF multi-use strip center with income and upside.
      518 S Eastern Ave, Crowley, LA 70526
      View Details
    • $294,750
      19.65 Acres

      Unrestricted Land Near Lafayette

      19.65 acres of unrestricted land near Lafayette, Louisiana.
      Saul Dr, Lafayette, LA 70507
      View Details
    • $114,500

      Commercial Lot I-10 Visibility

      Commercial lot with I-10 visibility, seconds from Exit 80.
      000 Egan Hwy, Crowley, LA 70526
      View Details
    • $185,000

      Highway 90 Commercial Office & Shop

      Versatile commercial office and shop space on Highway 90.
      19795 Hwy 90, Crowley, LA 70526
      View Details

    For Lease (9)

    View map
    • Contact for pricing
      1,436 SF

      Prime Commercial Space in Crowley

      Under-construction retail/office space in high-visibility Crowley location.
      2443 Rice Capital Pkwy, Crowley, LA 70526
      View Details
    • $195,000
      2,400 SF

      Commercial Property on Main Street

      Commercial property for purchase or rent in Crowley, Louisiana.
      813 N Parkerson Ave, Crowley, LA 70526
      View Details
    • Contact for pricing
      1,436 SF

      Commercial Building in Crowley, LA

      Under-construction commercial building on 3.14 AC site for lease.
      2433 Rice Capital Pkwy, Crowley, LA 70526
      View Details
    • Contact for pricing
      1,436 SF

      Commercial Building in Crowley, LA

      Under-construction commercial building for lease in premier Acadiana location.
      2433 Rice Capital Pkwy, Crowley, LA 70526
      View Details
    • Contact for pricing
      1,436 SF

      Commercial Building in Dixie Field

      Under-construction commercial building on I-10 frontage land in Crowley.
      2433 Rice Capital Pkwy, Crowley, LA 70526
      View Details
    • Contact for pricing
      1,436 SF

      Commercial Building in Crowley, LA

      Under-construction commercial building on 3.14 AC site, premier location.
      2433 Rice Capital Pkwy, Crowley, LA 70526
      View Details
    • Contact for pricing
      1,436 SF

      Prime Commercial Space in Crowley

      Under-construction retail/office space with high visibility in Acadiana.
      2433 Rice Capital Pkwy, Crowley, LA 70526
      View Details
    • $209,000
      2,400 SF

      Crowley Commercial Property For Lease

      Prime commercial space in Crowley, LA, with high visibility.
      803 W Hutchinson Ave, Crowley, LA 70526
      View Details
    • Contact for pricing

      Retail Space in Laguna Hills

      Retail spaces available in a shopping center anchored by Smart&Final.
      26534-26562 Moulton Pkwy, Laguna Hills, CA 92653
      View Details

    Leases and Sales on Map

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    • For Lease

    Properties for sale

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    Request Owner's contact information
    Michael Doughty, 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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    Michael Doughty, Lafayette, LA
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