Flex Property with Stabilized
For Sale
$400,000
101 Gallier St, Lafayette, LA 70506
Flex asset combining warehouse capacity, dedicated offices, and a stabilized yard under CH zoning.
Property Size7,428 SF
Lot Size0.50 Acres
Price / SF$53.85
Days on Market12
Property Features for 101 Gallier St
General Information
Standard status
Active
Size
7,428 SF
Total Parking Spaces
20
Lot size
0.50 Acres
Property subtype
Industrial
Zoning
CH
Additional Details
Outdoor Storage
Yes
Warehouse Space
5,000 SF
Amenities
Power
Water
Sewer
20 Parking Spaces
Building Details
Buildings
2
Listing Agency:
Keller Williams Realty Acadiana
Listed By:
Lucius Hornsby · License #69258
(337) 344-9949
Source:
Lacdb.resimplifi
Added: Sep 4
Changed: Sep 14
Last Checked: Sep 14 at 2:26PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty Acadiana
Investment Insights
Based on property information with market context.
This flex property combines warehouse and office improvements across 101 Gallier St and 106 Gallier St in Lafayette. The property contains 7,428 square feet, including more than 5,000 square feet of warehouse area at 101 Gallier with a break room, office, and restroom. The separate office component at 106 Gallier includes three offices, a kitchen, bathroom, and dedicated parking.
The site provides more than half an acre for yard use, with a large stabilized yard supporting the property's industrial configuration. CH zoning is in place, and the two-address layout separates office functions from warehouse operations while keeping both components within the same property.
The site provides more than half an acre for yard use, with a large stabilized yard supporting the property's industrial configuration. CH zoning is in place, and the two-address layout separates office functions from warehouse operations while keeping both components within the same property.
Key Highlights
- 7,428‑square‑foot flex property across 101 Gallier St and 106 Gallier St
- More than 5,000 sq.ft. of warehouse space at 101 Gallier
- Separate office space at 106 Gallier with 3 offices, kitchen, and bathroom
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
$35,046
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
8.76%
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%
$700,920
$700.9K
Cap Rate 7%
$500,657
$500.7K
Cap Rate 9%
$389,400
$389.4K
Market Conditions
NOI Build-Up for 7,428 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
$52.6K $7.08/SF
− Vacancy
−$2.5K −$0.34/SF
EGI
$50.1K $6.74/SF
− OpEx
−$15.0K −$2.02/SF
NOI
$35.0K $4.72/SF
Area
Lafayette, LA
Vacancy
4.80%
Lease Rate
$7.08 /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%
$700,920
Cap Rate 7%
$500,657
Cap Rate 9%
$389,400
Alternative Uses
Best Use
Warehouse
$607.9K
$532.0K – $709.3K
NOI $42,556 @ 7.0% cap · market cap 10.64%
Second Best
Industrial
$500.7K
$438.1K – $584.1K
NOI $35,046 @ 7.0% cap · market cap 8.76%
Theoretical Best
Office A
$1.76M
$1.54M – $2.05M
NOI $122,936 @ 7.0% cap · market cap 30.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
621
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 70506, LA
39,801
Population
20,296
Households
2
Avg Household Size
36
Median Age
37%
College-Educated
91%
High-School Grad
20.8 sq mi
ZIP Area
1,914
Density / Sq Mi
$55,553
Median Household Income
$38,764
Median Earnings
$1,024
Median Rent
$215,700
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Flex asset combining warehouse capacity, dedicated offices, and a stabilized yard under CH zoning.
Where is this flex space located?
The property is located at 101 Gallier St Lafayette, LA.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: 7,428‑square‑foot flex property across 101 Gallier St and 106 Gallier St; More than 5,000 sq.ft. of warehouse space at 101 Gallier; Separate office space at 106 Gallier with 3 offices, kitchen, and bathroom
