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    319 Industrial Parkway Lafayette, LA 70508

    View on Map
    For Lease
    $482,000

    COMMERCIAL - Lafayette, LA

    Property size:
    8,000 SF
    Lot size:
    0.43 Acres
    Added:
    Jul 18, 2025
    Days on Market:
    258
    Last Refresh:
    Apr 1 at 5:06 am

    Property Features for 319 Industrial Parkway

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Zoning
    LI
    Bathrooms
    2
    Rooms
    Bathroom 1, Bathroom 2
    Parking
    6
    Exterior features
    OH Door 10 - 15 Ft, Stabilized Yard Base
    Standard status
    Active
    APN
    6068301
    Size
    8,000 SF
    Lot size
    0.43 Acres

    Taxes and HOA fees

    TaxDescription
    Lot 142 Industrial Park Inc

    Utilities

    Sewer type
    Private Sewer
    Heating system
    Central
    Cooling system
    Central Air
    Water source
    Well

    Building Details

    Flooring type
    Concrete, Tile
    Roof type
    Metal

    We can help!

    Listing Contact
    Barton Broussard

    Listing agent Barton Broussard License #52896

    Listing office The Gleason Group 206 Magnate Dr, Lafayette, LA

    Listing date Jul 18, 2025

    MLS# 2500001405

    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.

    Overview

    Renovated Office/Warehouse Space Available

    This newly renovated 8,000 square foot industrial building, situated on a 0.42-acre site, features both office and warehouse space. The property is located on Industrial Parkway, conveniently positioned between Verot School Road and in close proximity to US HWY 90 E and W Pinhook. The layout includes an open area, a reception area, offices (with the potential to add more), and two restrooms. The warehouse portion offers storage racks, two exterior overhead doors, one interior overhead door, and mezzanine storage. A separate enclosed storage area is accessible from both the main warehouse and the exterior. The office space comprises approximately 1,530 square feet, while the warehouse provides around 6,470 square feet. The property features concrete parking and a limestone driveway leading to grade-level bays suitable for shipping and receiving. There are two grade-level loading bays, each equipped with 12-foot wide by 12-foot high overhead roll-up doors. The eave height measures 14 feet. The property is currently tenant-occupied, but the lease will be up soon.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Down Range Archery (Bike/Boat/Book/etc) Store Assured Solutions Insurance Agency

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

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

    Similar Places Nearby

    • Firehouse Subs Kaliste Saloom — 104 E Kaliste Saloom Rd #109, Lafayette, LA 70508

    Location Insight

    • Map
    • Local Demand
    City
    Lafayette
    County
    Lafayette
    State
    Louisiana
    Longitude
    -92.000575
    Latitude
    30.185408

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    FAQs

    What type of property is this?
    Flex space - Newly renovated office and warehouse space on Industrial Parkway.
    Where is this flex space located?
    The property is located at 319 Industrial Parkway Lafayette, LA.
    What is the lease rate?
    The lease rate is $482,000.
    What are key features of this property?
    This property features: Newly renovated office space and warehouse; Prime location on Industrial Parkway, close to major roads (Verot School Road, US HWY 90 E, W Pinhook); 8,000 SF Industrial Building with **1,530 SF of conditioned office space and 6,470 SF of warehouse space**
    (337) 380-9511
    We can help!
    Listing Contact
    Barton Broussard
    Real Estate License ID: 52896
    Learn More
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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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