Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    511 Fortune Rd, Unit lot 1 & 2 Youngsville, LA 70592

    Sponsored
    For Sale
    $265,000

    COMMERCIAL - Youngsville, LA

    Lot size:
    1.52 Acres
    Days on Market:
    117
    Last Refresh:
    Mar 3 at 7:06 pm

    Property Features for 511 Fortune Rd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    unz
    APN
    6129308
    Lot size
    1.52 Acres

    Utilities

    Utilities
    Water Available

    We can help!

    Listing Contact
    Clyde Warfel
    Clyde Warfel

    eXp Realty, LLC (337) 522-7554

    Listing agent Clyde Warfel License #995710957

    Listing date Nov 7, 2025

    MLS# 2500005289

    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.

    Learn more

    Property Insight Report

    Overview

    Youngsville Commercial Land Opportunity

    Two adjoining lots located on Fortune Road in Youngsville are available for purchase as a single parcel. The combined lots offer flexibility for development, building, or investment. With a total size of 1.52 acres, the property is conveniently located near amenities in both Lafayette and Youngsville. The property's location offers potential for various business uses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Youngsville
    County
    Lafayette
    State
    Louisiana
    Longitude
    -92.019282
    Latitude
    30.124249

    Nearby Similar for Sale

    • $602,500
      8,940 SF

      Versatile Commercial Property in Youngsville

      Warehouse, office, and storage on a spacious 5.78-acre lot.
      946 Austin Rd, Youngsville, LA 70592
      View Details
    • New
      $5,100,000
      17,680 SF

      Furnished Townhomes in Growing Area

      Ten professionally designed, fully furnished townhomes in Youngsville, Louisiana.
      425 Heart D Farm Rd, Youngsville, LA 70592
      View Details
    • New
      $795,000
      3,978 SF

      New Condos in Youngsville

      Fully furnished condos in a prime Youngsville location.
      117 Firethorn Dr, Youngsville, LA 70592
      View Details
    • $615,000

      Self-Storage Development Site in Youngsville

      1.87-acre self-storage development site in a rapidly growing area.
      3038 Chemin Metairie Pkwy, Youngsville, LA 70592
      View Details
    • $450,000
      1.24 Acres

      Retail/Medical Center Opportunity

      Prime location near shopping, with highway access in Youngsville.
      7601 Ambassador Caffery Pkwy, Youngsville, LA 70592
      View Details
    • $990,000
      30,000 SF

      High-Traffic Youngsville Retail Site

      30,000 SF Retail Space, High Growth Area
      1512 Chemin Metairie Rd, Youngsville, LA 70592
      View Details
    • $795,000
      4,077 SF

      Youngsville Multifamily Investment

      Three 2-bedroom townhouses, high demand.
      203 Firethorn Dr, Youngsville, LA 70592
      View Details

    FAQs

    What type of property is this?
    Commercial land - Two adjoining lots for development or investment in Youngsville, LA.
    Where is this commercial land located?
    The property is located at 511 Fortune Rd, Unit lot 1 & 2 Youngsville, LA.
    What is the asking price?
    The asking price for this property is $265,000.
    What are key features of this property?
    This property features: - Two adjoining lots being sold as one parcel.; - Flexibility for development, building, or investment.; - Convenient location near Lafayette and Youngsville amenities.
    (337) 522-7554
    Request Owner's contact information
    511 Fortune Rd, Unit lot 1 & 2 Youngsville, LA 70592
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    511 Fortune Rd, Unit lot 1 & 2
    Youngsville, LA 70592
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    511 Fortune Rd, Unit lot 1 & 2 Youngsville, LA 70592
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Clyde Warfel
    Clyde Warfel
    Real Estate License ID: 995710957
    (337) 522-7554 (337) 380-6455
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!