Multi-Building Mixed-Use
For Sale
$1,030,300
1816 Jefferson Street, Lafayette, LA 70501
Commercial Sale, Lafayette, LA
Property Size21,119 SF
Lot Size0.82 Acres
Price / SF$48.79
Days on Market152
Property Features for 1816 Jefferson Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
IL & CM1
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2
Exterior features
Door Sign, Partially Fenced, OH Door > 20 Ft
Fencing
Partial
Subdivision
Barry Billeaud
Directions
Pinhook to Jefferson -all 4 buildings are across the street from each other
Standard status
Active
APN
6022438
Size
21,119 SF
Lot size
0.82 Acres
Taxes and HOA fees
Tax Description
Tract II on plat of survey in Barry Billeaud Sub. .21 of an acre Lots 6-7 blk 6 Barry Billeaud Add (50 x 115) Lots 8-9 blk 6 Barry Billeaud Add Lots 13-14 blk 6 Barry Billeaud Add Lot 15blk 6 Barry Billeaud Add Lots 18-19 blk 6 Barry Billeaud Add 50x 125
Legal Description
Tract II on plat of survey in Barry Billeaud Sub. .21 of an acre Lots 6-7 blk 6 Barry Billeaud Add (50 x 115) Lots 8-9 blk 6 Barry Billeaud Add Lots 13-14 blk 6 Barry Billeaud Add Lot 15blk 6 Barry Billeaud Add Lots 18-19 blk 6 Barry Billeaud Add 50x 125
Utilities
Water source
Public
Building Details
Roof type
Metal
Listing Agency:
Guidry & Co. Real Estate, Inc.
(337) 984-4345
Listed By:
Andrea Laborde · License #0995690746
(337) 277-6503
Added: Apr 15
Changed: Sep 13
Last Checked: Sep 13 at 5:06AM
MLS# 2600003319
Copyright © 2026 Realtor Association of Acadiana. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This mixed-use property comprises five buildings totaling 21,119 square feet across a 0.82-acre site, including a vacant corner lot. The improvements include industrial-style workshop areas, storage space, dedicated parking areas, partial fencing, metal roofing, and an overhead door exceeding 20 feet. Public water service is available, and the property includes two bathrooms. Zoning is designated IL & CM1.
Frontage extends along Jefferson Street, Cleveland Street, West Taft Street, and General Mouton Avenue. The site provides access to downtown Lafayette, the regional airport, Highway 90, and Interstate 10. Its multi-building layout, multiple frontage points, and combination of workshop and storage areas support a range of commercial, mixed-use, and light industrial operations.
Frontage extends along Jefferson Street, Cleveland Street, West Taft Street, and General Mouton Avenue. The site provides access to downtown Lafayette, the regional airport, Highway 90, and Interstate 10. Its multi-building layout, multiple frontage points, and combination of workshop and storage areas support a range of commercial, mixed-use, and light industrial operations.
Key Highlights
- Five‑building property totaling 21,119 square feet
- 0.82‑acre site with a vacant corner lot
- IL & CM1 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$92,525
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.98%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,850,500
$1.9M
Cap Rate 7%
$1,321,786
$1.3M
Cap Rate 9%
$1,028,056
$1.0M
Market Conditions
NOI Build-Up for 21,119 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$149.5K $7.08/SF
− Vacancy
−$7.2K −$0.34/SF
EGI
$142.3K $6.74/SF
− OpEx
−$49.8K −$2.36/SF
NOI
$92.5K $4.38/SF
Area
Lafayette, LA
Vacancy
4.80%
Lease Rate
$7.08 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,850,500
Cap Rate 7%
$1,321,786
Cap Rate 9%
$1,028,056
Alternative Uses
Best Use
Mixed Use
$3.48M
$3.05M – $4.07M
NOI $243,924 @ 7.0% cap · market cap 23.68%
Second Best
Warehouse
$1.73M
$1.51M – $2.02M
NOI $120,994 @ 7.0% cap · market cap 11.74%
Theoretical Best
Office A
$4.99M
$4.37M – $5.83M
NOI $349,528 @ 7.0% cap · market cap 33.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,516
Businesses Nearby
Explore this area
Business Placement
Demographics for 70501, LA
28,721
Population
12,657
Households
2.3
Avg Household Size
38
Median Age
16%
College-Educated
78%
High-School Grad
15.3 sq mi
ZIP Area
1,877
Density / Sq Mi
$31,723
Median Household Income
$25,281
Median Earnings
$867
Median Rent
$117,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Five-building commercial holding with workshop space, storage, partial fencing, and dedicated parking areas.
Where is this mixed-use property located?
The property is located at 1816 Jefferson Street Lafayette, LA.
What is the asking price?
The asking price for this property is $1,030,300.
What are key features of this property?
This property features: Five‑building property totaling 21,119 square feet; 0.82‑acre site with a vacant corner lot; IL & CM1 zoning
