Renovated Downtown Retail
For Sale
$250,000
201 E Main Street, Lafayette, LA 70501
COMMERCIAL - Lafayette, LA
Property Size1,200 SF
Lot Size0.03 Acres
Price / SF$208.33
Days on Market38
Property Features for 201 E Main Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Downtown
Exterior features
Door Sign
Subdivision
Old Corporation
Lot features
Corner
Directions
From Johnston St, take E. Main St, into downtown, cross street is Lee Ave, building is on the right just past Lee Ave. (Corner of E. main St and Polk St.)
Standard status
Active
APN
6043518
Size
1,200 SF
Lot size
0.03 Acres
Taxes and HOA fees
Tax Description
P LOT 234 OLD CORP (0.028 AC)(21-26906 PLAT)
Legal Description
P LOT 234 OLD CORP (0.028 AC)(21-26906 PLAT)
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Floors in Building
1
Flooring type
Concrete
Roof type
Rubber
Listing Agency:
Scout Real Estate Co.
(337) 443-0880
Listed By:
Tim Skinner · License #0995683114
(337) 205-1635
Added: Jul 28
Changed: Aug 4
Last Checked: Sep 3 at 6:06AM
MLS# 2600006921
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 renovated downtown retail storefront offers an open floor plan suitable for a variety of uses. The building has been completely renovated with new electrical and plumbing, a restroom, fresh paint, updated glass storefront, and interior and exterior lighting.
Located in Downtown Lafayette, the property sits on a small lot and is configured as a retail storefront at 201 E Main Street.
With its open layout and renovated storefront improvements, the space is designed for straightforward merchandising or service use.
Located in Downtown Lafayette, the property sits on a small lot and is configured as a retail storefront at 201 E Main Street.
With its open layout and renovated storefront improvements, the space is designed for straightforward merchandising or service use.
Key Highlights
- 1,200 SF downtown Lafayette space with an open floor plan suited for many uses
- Completely renovated building with new electrical, plumbing, restroom, paint, and updated interior and exterior lighting
- New glass storefront and glass storefront included as part of the renovation
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
$14,553
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
5.82%
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%
$291,060
$291.1K
Cap Rate 7%
$207,900
$207.9K
Cap Rate 9%
$161,700
$161.7K
Market Conditions
NOI Build-Up for 1,200 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
$22.6K $18.84/SF
− Vacancy
−$1.8K −$1.51/SF
EGI
$20.8K $17.33/SF
− OpEx
−$6.2K −$5.20/SF
NOI
$14.6K $12.13/SF
Area
Lafayette, LA
Vacancy
8.04%
Lease Rate
$18.84 /SF/Yr
Expense Ratio
30.00%
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%
$291,060
Cap Rate 7%
$207,900
Cap Rate 9%
$161,700
Alternative Uses
Best Use
Retail
$207.9K
$181.9K – $242.6K
NOI $14,553 @ 7.0% cap · market cap 5.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$283.7K
$248.3K – $331.0K
NOI $19,860 @ 7.0% cap · market cap 7.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,254
Businesses Nearby
Balanced
Demand for This Use
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Storefront property - Completely renovated downtown storefront with a 1,200 sf open floor plan and updated electrical, plumbing, and restroom.
Where is this storefront property located?
The property is located at 201 E Main Street Lafayette, LA.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: 1,200 SF downtown Lafayette space with an open floor plan suited for many uses; Completely renovated building with new electrical, plumbing, restroom, paint, and updated interior and exterior lighting; New glass storefront and glass storefront included as part of the renovation
