Lafayette Commercial Building For
4503 Johnston Street Lafayette, LA 70503
For Sale
$1,450,000
COMMERCIAL - Lafayette, LA
Property Size4,917 SF
Lot Size0.33 Acres
Price / SF$294.90
Days on Market722
Property Features for 4503 Johnston Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Commercial
- Bathrooms
- 3
- Rooms
- Bathroom 1, Bathroom 2, Bathroom 3
- Parking
- 10
- Parking features
- Parking Lot
- Security features
- Security System
- Exterior features
- OH Door > 20 Ft
- 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)
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: May 14
Last Checked: Jul 25 at 5:06AM
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 commercial property is located on the corner of Johnston Street and Camellia Boulevard in Lafayette, Louisiana, at a high-volume intersection within a retail development. The building features two stories of office space totaling 2,387 square feet. There is also a 2,530-square-foot climate-controlled warehouse/retail area, including a 509-square-foot storage room build-out. The eave height for the shop area is 24 feet and includes four electrically powered overhead doors, each measuring 12 feet by 15 feet. LED fluorescent fixtures provide lighting. The property, situated on a 0.33-acre lot, was formerly used as a corporate office and climate-controlled detail shop for oversized vehicles. The location sees approximately 42,000 vehicles passing daily.
Key Highlights
- Prime location at a high‑traffic intersection (42,000 vehicles daily) on Johnston St. & Camellia Blvd.
- Versatile space: 2,387 SF of office space and 2,530 SF of climate‑controlled warehouse/retail area.
- High ceiling warehouse: 24' eave height with (4) 12'x15' electrically powered overhead doors.
Financial Insights For Retail
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 | $92.6k | $18.84 |
| − Vacancy | −$7.4k | −$1.51 |
| EGI | $85.2k | $17.33 |
| − OpEx | −$25.6k | −$5.20 |
| NOI | $59.6k | $12.13 |
4,917 SF · lease $18.84/SF/yr · vacancy 8.04% · expense 30.00%
Alternative Uses
Best Use
Retail
$851.9K
$745.4K – $993.9K
NOI $59,632 @ 7.0% cap · market cap 4.11%
Second Best
Office B
$817.4K
$715.2K – $953.7K
NOI $57,219 @ 7.0% cap · market cap 3.95%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Grand Excel Towing ...
Auto Repair Shop
FAQs
What type of property is this?
Office building - Upscale office and warehouse space in central Lafayette location.
Where is this office building 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: Prime location at a high‑traffic intersection (42,000 vehicles daily) on Johnston St. & Camellia Blvd.; Versatile space: 2,387 SF of office space and 2,530 SF of climate‑controlled warehouse/retail area.; High ceiling warehouse: 24' eave height with (4) 12'x15' electrically powered overhead doors.
