Freestanding Corner
For Sale
$369,990
4801 Johnston Street, Lafayette, LA 70503
Commercial Sale, Lafayette, LA
Property Size1,055 SF
Lot Size0.34 Acres
Price / SF$350.70
Days on Market52
Property Features for 4801 Johnston Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
BG
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Subdivision
Grand Glade
Lot features
Corner
Directions
Take Johnston Street South from Ambassador Caffrey, property will be on the right on the corner of Johnston and Antigua
Standard status
Active
APN
6030689
Size
1,055 SF
Lot size
0.34 Acres
Taxes and HOA fees
Tax Description
LOT 259 GRAND GLADE SUB (87.6X130.1X91.3X130) (DACQUIRI HUT INC)
Legal Description
LOT 259 GRAND GLADE SUB (87.6X130.1X91.3X130) (DACQUIRI HUT INC)
Utilities
Heating system
Central
Cooling system
Ceiling Fan(s), Window Unit(s), Central Air
Building Details
Floors in Building
1
Roof type
Composition
Listing Agency:
Keller Williams Realty Acadiana
(337) 735-9300
Listed By:
Ivan Jennings · License #995702198
(337) 298-0889
Added: Aug 3
Changed: Sep 13
Last Checked: Sep 23 at 5:06AM
MLS# 2600007152
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 freestanding storefront property includes a 1,055-square-foot building on a 0.34-acre parcel. The structure has a composition roof, central heating, central air, ceiling fans, window unit cooling, and one bathroom.
The property occupies the corner of Johnston Street and Antigua Drive in Lafayette, placing the building along a commercial corridor with access from two intersecting streets. Its storefront configuration and standalone layout support a range of commercial applications, subject to applicable approvals and site requirements.
The property occupies the corner of Johnston Street and Antigua Drive in Lafayette, placing the building along a commercial corridor with access from two intersecting streets. Its storefront configuration and standalone layout support a range of commercial applications, subject to applicable approvals and site requirements.
Key Highlights
- Freestanding 1,055‑square‑foot building on a 0.34‑acre corner parcel
- Corner position at Johnston Street and Antigua Drive
- Storefront property along a major Lafayette commercial corridor
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
$12,795
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
3.46%
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%
$255,900
$255.9K
Cap Rate 7%
$182,786
$182.8K
Cap Rate 9%
$142,167
$142.2K
Market Conditions
NOI Build-Up for 1,055 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
$19.9K $18.84/SF
− Vacancy
−$1.6K −$1.51/SF
EGI
$18.3K $17.33/SF
− OpEx
−$5.5K −$5.20/SF
NOI
$12.8K $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%
$255,900
Cap Rate 7%
$182,786
Cap Rate 9%
$142,167
Alternative Uses
Best Use
Retail
$182.8K
$159.9K – $213.3K
NOI $12,795 @ 7.0% cap · market cap 3.46%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$249.4K
$218.3K – $291.0K
NOI $17,461 @ 7.0% cap · market cap 4.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
815
Businesses Nearby
Under-served
Demand for This Use
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 Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Standalone commercial building at a signalized? corner intersection with central heating, multiple cooling systems, and a private bathroom.
Where is this storefront property located?
The property is located at 4801 Johnston Street Lafayette, LA.
What is the asking price?
The asking price for this property is $369,990.
What are key features of this property?
This property features: Freestanding 1,055‑square‑foot building on a 0.34‑acre corner parcel; Corner position at Johnston Street and Antigua Drive; Storefront property along a major Lafayette commercial corridor
