Mixed-Use Office and
For Sale
$1,450,000
4503 Johnston Street, Lafayette, LA 70503
Commercial Sale, Lafayette, LA
Property Size4,917 SF
Lot Size0.33 Acres
Price / SF$294.90
Days on Market786
Property Features for 4503 Johnston Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 3, Bathroom 2, Bathroom 1
Parking
10
Parking features
Parking Lot
Security features
Security System
Exterior features
OH Door > 20 Ft
Lot features
Corner, Level
Directions
From North Ambassador Caffery, go 1/2 mile east, right onto W Congress, right on Guilbeau, right onto Johnston street, left into Grand Marche Shopping Center, Building is on your left next to White Water Carwash.
Subdivision
G2
Standard status
Active
APN
6144930
Size
4,917 SF
Lot size
0.33 Acres
Taxes and HOA fees
Tax Description
PARCEL A SEC 60 T10S R4E (.328 AC)(110X130)
Legal Description
PARCEL A SEC 60 T10S R4E (.328 AC)(110X130)
Utilities
Heating system
Electric (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Floors in Building
2
Flooring type
Concrete, Tile - Ceramic
Building materials
Stucco
Roof type
Metal
Listing Agency:
EXP Realty, LLC
(337) 522-7554
Listed By:
Katelyn M Simon · License #995697289
(337) 654-0691
Added: Aug 3, 2024
Changed: Sep 13
Last Checked: Sep 27 at 6:06PM
MLS# 24007320
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 4,917 SF mixed-use property combines two stories of office space totaling 2,387 SF with a 2,530 SF climate-controlled warehouse and retail area. The shop includes a 509 SF storage room, 24-foot eave height, LED fluorescent lighting, and (4) 12'x15' electrically powered overhead doors. Concrete and ceramic tile flooring, central air, electric heat, a metal roof, and stucco construction are also included.
The 0.33-acre site occupies the corner of Johnston Street and Camellia Boulevard within a retail development in Lafayette. The intersection records 42,000 vehicles daily. A parking lot and public water service support the property, which previously operated as a corporate office and climate-controlled detail shop for oversized vehicles.
The 0.33-acre site occupies the corner of Johnston Street and Camellia Boulevard within a retail development in Lafayette. The intersection records 42,000 vehicles daily. A parking lot and public water service support the property, which previously operated as a corporate office and climate-controlled detail shop for oversized vehicles.
Key Highlights
- 4,917 SF mixed‑use property on a 0.33‑acre site
- 2,387 SF of two‑story office space
- 2,530 SF climate‑controlled warehouse and retail area
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
$59,632
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
4.11%
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%
$1,192,640
$1.2M
Cap Rate 7%
$851,886
$851.9K
Cap Rate 9%
$662,578
$662.6K
Market Conditions
NOI Build-Up for 4,917 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
$92.6K $18.84/SF
− Vacancy
−$7.4K −$1.51/SF
EGI
$85.2K $17.33/SF
− OpEx
−$25.6K −$5.20/SF
NOI
$59.6K $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%
$1,192,640
Cap Rate 7%
$851,886
Cap Rate 9%
$662,578
Alternative Uses
Best Use
Retail
$851.9K
$745.4K – $993.9K
NOI $59,632 @ 7.0% cap · market cap 4.11%
Second Best
Mixed Use
$811.3K
$709.9K – $946.5K
NOI $56,791 @ 7.0% cap · market cap 3.92%
Theoretical Best
Office A
$1.16M
$1.02M – $1.36M
NOI $81,378 @ 7.0% cap · market cap 5.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
24 ft
Clear height
42,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
681
Businesses Nearby
Explore this area
Business Placement
Demographics for 70503, LA
27,497
Population
13,052
Households
2.1
Avg Household Size
38
Median Age
55%
College-Educated
96%
High-School Grad
11.3 sq mi
ZIP Area
2,433
Density / Sq Mi
$94,360
Median Household Income
$54,170
Median Earnings
$1,087
Median Rent
$326,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-story office component pairs with climate-controlled warehouse and retail space, powered overhead doors, and on-site parking.
Where is this mixed-use property located?
The property is located at 4503 Johnston Street Lafayette, LA.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: 4,917 SF mixed‑use property on a 0.33‑acre site; 2,387 SF of two‑story office space; 2,530 SF climate‑controlled warehouse and retail area
