Lafayette Commercial Flex
For Sale
$990,000
312 Westgate Road, Lafayette, LA 70506
COMMERCIAL - Lafayette, LA
Property Size11,600 SF
Lot Size0.86 Acres
Price / SF$85.34
Days on Market498
Property Features for 312 Westgate Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Security features
Security System
Exterior features
OH Door 10 - 15 Ft, Partially Fenced, Outside Storage, Storage Building
Fencing
Partial
Directions
Starting on Ambassador Caffery Pkwy, pass by Popeyes Louisiana Kitchen. Turn left onto Eraste Landry Rd and turn right onto Westgate Rd and the destination will be on the left.
Subdivision
F
Standard status
Active
APN
6122044
Size
11,600 SF
Lot size
0.86 Acres
Taxes and HOA fees
Tax Description
LOTS 23 24 25 26 27 OF NICKERSON COMMERCIAL DEVELOPMENT (APPROX 144.62X259.42X144.62X259. 23)
Legal Description
LOTS 23 24 25 26 27 OF NICKERSON COMMERCIAL DEVELOPMENT (APPROX 144.62X259.42X144.62X259. 23)
Utilities
Heating system
Central
Cooling system
Ceiling Fan(s), Central Air
Water source
Public
Building Details
Flooring type
Concrete
Roof type
Metal
Additional Structures
Storage
Listing Agency:
Epique Realty
(888) 893-3537
Listed By:
Taylor Johnson · License #995716481
(337) 852-0867
Added: Mar 20, 2025
Changed: May 14
Last Checked: Jul 30 at 10:06PM
MLS# 2020021891
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 11,600 square foot commercial facility is located in Lafayette, Louisiana. The property is zoned commercial and offers a flexible layout suitable for a large enterprise or multiple businesses. The interior is climate-controlled and features stained concrete flooring. The layout includes a conference room, a spacious kitchen, two private offices, three single restrooms, and a separate men's restroom. The property includes 63 on-site parking spaces, with an additional 20 spaces available through a transferable lease. Three recently replaced 10-ton HVAC units provide climate control. A storage shed adds extra convenience. The property is located in Flood Zone X.
Key Highlights
- 11,600 SF flexible facility suitable for a large enterprise or multiple businesses.
- 63 on‑site parking spaces** with an additional 20 available through a transferable lease.
- Climate‑controlled interior with three recently replaced 10‑ton HVAC units.
Financial Insights For Industrial
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $82.1k | $7.08 |
| − Vacancy | −$3.9k | −$0.34 |
| EGI | $78.2k | $6.74 |
| − OpEx | −$23.5k | −$2.02 |
| NOI | $54.7k | $4.72 |
11,600 SF · lease $7.08/SF/yr · vacancy 4.80% · expense 30.00%
Alternative Uses
Best Use
Industrial
$781.9K
$684.1K – $912.2K
NOI $54,730 @ 7.0% cap · market cap 5.53%
Second Best
Flex RnD
$726.0K
$635.3K – $847.0K
NOI $50,821 @ 7.0% cap · market cap 5.13%
Theoretical Best
Office A
$2.74M
$2.40M – $3.20M
NOI $191,985 @ 7.0% cap · market cap 19.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
172
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 70506, LA
39,801
Population
20,296
Households
2
Avg Household Size
36
Median Age
37%
College-Educated
91%
High-School Grad
20.8 sq mi
ZIP Area
1,914
Density / Sq Mi
$55,553
Median Household Income
$38,764
Median Earnings
$1,024
Median Rent
$215,700
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Mary's Restaurant & Catering — 202 Fenetre Rd, Scott, LA 70583
Frequently Asked Questions
What type of property is this?
Flex space - Versatile 11,600 SF commercial facility in Lafayette, Louisiana.
Where is this flex space located?
The property is located at 312 Westgate Road Lafayette, LA.
What is the asking price?
The asking price for this property is $990,000.
What are key features of this property?
This property features: 11,600 SF flexible facility suitable for a large enterprise or multiple businesses.; 63 on‑site parking spaces** with an additional 20 available through a transferable lease.; Climate‑controlled interior with three recently replaced 10‑ton HVAC units.
