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    Adaptable Commercial Property, Lafayette Title is generated by Realmo AI

    3121 Cameron Street, Lafayette, LA 70506

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    For Sale
    $340,000

    COMMERCIAL - Lafayette, LA

    Property size:
    5,700 SF
    Lot size:
    0.35 Acres
    Price / SF:
    $59/SF
    Added:
    Apr 17, 2026
    Days on Market:
    51
    Last Refresh:
    Jun 6 at 9:06 pm

    Property Features for 3121 Cameron Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    CH
    Bathrooms
    1
    Rooms
    Bathroom 1
    Parking features
    Off Street
    Exterior features
    OH Door 10 - 15 Ft
    Standard status
    Active
    APN
    6061596
    Size
    5,700 SF
    Lot size
    0.35 Acres

    Taxes and HOA fees

    Tax Description
    Lot 20 Elphege Roger Subdv (65.40x93.5) @3121 Cameron Lot 19A Elphege Roger Subdv (141.76x65.4) @102 Evelyn Dr

    Utilities

    Heating system
    Central, Electric (Heating)
    Cooling system
    Central Air, Ceiling Fan(s)
    Water source
    Public

    Building Details

    Flooring type
    Concrete, Wood
    Roof type
    Metal

    We can help!

    Listing Contact
    Jammie Parbhoo
    Jammie Parbhoo

    Listing agent Jammie Parbhoo License #0995690247

    Listing office Compass 2000 Kaliste Saloom, Ste. 101, LA

    Listing date Apr 17, 2026

    MLS# 2600003424

    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 corner lot location with convenient access to I‑10 and I‑49, offering exceptional visibility.
    • Adaptable property suitable for various business needs with potential for live/work setup.
    • Sizable warehouse with overhead door, high ceilings, open floor plan, bathroom, and ample storage, allowing for customization and expansion.
    • Back studio complete with office area, one bedroom, full bathroom, laundry space, and open kitchen/dining area, ideal for rental income or employee housing.
    • Front area suited for office or retail use, featuring multiple parking spaces, open reception/office area, renovated kitchen, and additional office/living space.
    • Gated back of the property providing security and substantial additional parking.

    Overview

    This commercial property is positioned on a corner lot with access to both I-10 and I-49. The property offers visibility and potential for a growing business, startup, or expanding current business needs. The warehouse includes an overhead door, high ceilings, an open floor plan, bathroom, and storage. The back of the property is gated, providing security and additional parking. The front of the property is suited for office or retail use, featuring parking spaces. The interior includes an open reception or office area, a renovated kitchen, a secondary living or office space, one bedroom which could serve as a 3rd office space, and a full bathroom, suitable for a live/work setup or business environment. Previously operated as an Airbnb with two separate units, the property also includes a back studio complete with an office area, one bedroom, a full bathroom, laundry space, and an open kitchen with dining area, ideal for rental income, employee housing, or additional workspace. The property is 5700 square feet and sits on a 0.35-acre lot. The property is zoned CH and located in Lafayette, LA.
    Property Profile Location Intelligence

    Current Use by Public Records

    Live-work space

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Accounting Firm Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Lafayette
    County
    Lafayette
    State
    Louisiana
    Longitude
    -92.055083
    Latitude
    30.232106

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    FAQs

    What type of property is this?
    Mixed-use property - Unique commercial property with warehouse, office, and residential spaces.
    Where is this mixed-use property located?
    The property is located at 3121 Cameron Street Lafayette, LA.
    What is the asking price?
    The asking price for this property is $340,000.
    What are key features of this property?
    This property features: Prime corner lot location with convenient access to I‑10 and I‑49, offering exceptional visibility.; Adaptable property suitable for various business needs with potential for live/work setup.; **Sizable warehouse with overhead door, high ceilings, open floor plan, bathroom, and ample storage**, allowing for customization and expansion.
    (337) 739-0290
    We can help!
    Listing Contact
    Jammie Parbhoo
    Jammie Parbhoo
    Real Estate License ID: 0995690247
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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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