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    Downtown Lafayette Mixed-Use Building Title is generated by Realmo AI

    201 Jefferson Street, Lafayette, LA 70501

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    Claim this Listing
    For Sale
    $2,200,000

    COMMERCIAL - Lafayette, LA

    Property size:
    11,739 SF
    Lot size:
    0.15 Acres
    Price / SF:
    $187/SF
    Added:
    Jul 14, 2025
    Days on Market:
    317
    Last Refresh:
    May 26 at 9:06 pm

    Property Features for 201 Jefferson Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Downtown
    Parking features
    On Street
    Exterior features
    Roof Sign
    Standard status
    Active
    APN
    6027152
    Size
    11,739 SF
    Lot size
    0.15 Acres

    Taxes and HOA fees

    Tax Description
    NE CORNER OF MANSION BLK MCCOMB ADD (52.5 FT FRONTING JEFFERSON ST)

    Utilities

    Heating system
    Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Floors in Building
    2
    Flooring type
    Concrete, Wood
    Roof type
    Tar/Gravel

    We can help!

    Listing Contact
    Jeff Landry
    Jeff Landry

    Listing agent Jeff Landry License #995682229

    Listing office Scout Real Estate Co. 617 S Buchanan Street, Lafayette, LA

    Listing date Jul 14, 2025

    MLS# 2500001216

    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.

    HighLights

    • Prime downtown Lafayette location offering high visibility and walkability.
    • Mixed‑use building with built‑in income from established restaurant tenant (Jim Deggys).
    • Significant square footage (11,739 sq ft) offering diverse income streams.
    • Newly renovated second‑floor space (3,834 SF) suitable for office, retail, or creative use.
    • Venue space (2,241 SF) with mezzanine (2,020 SF) provides additional income potential.
    • Located in a vibrant commercial corridor surrounded by restaurants, shops, and entertainment.

    Overview

    Located in downtown Lafayette, the mixed-use building at 201 Jefferson Street offers an investment opportunity. The building has a total area of 11,739 square feet. The first floor features a 4,006 square foot restaurant space leased to Jim Deggys, and a 2,241 square foot venue space with a 2,020 square foot mezzanine. The second floor provides 3,834 square feet of newly renovated space suitable for office, retail, or creative use. The property is situated on a corner with visibility and walkability, surrounded by restaurants, shops, and entertainment in an active commercial corridor.

    Financial Insights

    Value Estimation Calculated for Specialty Retail

    Conservative
    $1.69M
    NOI $152,536 @ 9.00% cap · cautious / downside scenario
    Moderate
    $2.18M
    NOI $152,536 @ 7.00% cap · market / base-case scenario
    Aggressive
    $3.05M
    NOI $152,536 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    NOI Build-Up
    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.
         Calculated for Specialty Retail

    Component $ $/SF
    Gross rent $221.2k $18.84
    − Vacancy −$17.8k −$1.51
    EGI $203.4k $17.33
    − OpEx −$50.8k −$4.33
    NOI $152.5k $12.99
    11,739 SF · lease $18.84/SF/yr · vacancy 8.04% · expense 25.00%

    Alternative Use Scenarios

    Best Use
    Specialty Retail
    $2.18M
    $1.91M – $2.54M (±1% cap)
    NOI $152,536 @ 7.0% cap · market cap 6.93%
    Second Best
    Retail
    $2.03M
    $1.78M – $2.37M (±1% cap)
    NOI $142,367 @ 7.0% cap · market cap 6.47%
    Theoretical Best
    Office A
    $2.78M
    $2.43M – $3.24M (±1% cap)
    NOI $194,285 @ 7.0% cap · market cap 8.83%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Bliss Cocktail Lounge Bar & Pub Jim Deggys (Lafayette) ... Restaurant

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lafayette
    County
    Lafayette
    State
    Louisiana
    Longitude
    -92.015814
    Latitude
    30.227027

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use building in downtown Lafayette with income and upside.
    Where is this mixed-use property located?
    The property is located at 201 Jefferson Street Lafayette, LA.
    What is the asking price?
    The asking price for this property is $2,200,000.
    What are key features of this property?
    This property features: Prime downtown Lafayette location offering high visibility and walkability.; Mixed‑use building with built‑in income from established restaurant tenant (Jim Deggys).; Significant square footage (11,739 sq ft) offering diverse income streams.
    (337) 257-5380
    We can help!
    Listing Contact
    Jeff Landry
    Jeff Landry
    Real Estate License ID: 995682229
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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
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