Industrial Facility in Canebrake
For Sale
Contact for pricing
106 Row 1, Lafayette, LA 70508
7,000 SF industrial facility with excellent connectivity and features.
Property Size7,000 SF
Price / SF$85
Days on Market201
Property Features for 106 Row 1
General Information
Standard status
Active
Size
7,000 SF
Property subtype
Industrial
Zoning
IH
Listing Agency:
Beacon Realty, LLC
(337) 257-4272
Listed By:
Beau Bourque · License #995707136
Source:
Crexi
Added: Jan 23
Changed: Aug 8
Last Checked: Aug 8 at 6:30AM
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 Beacon Realty, LLC
Investment Insights
Based on property information with market context.
This 7,000± SF industrial facility is located in Canebrake Commercial & Business Park, an established industrial and commercial hub in Lafayette. The property benefits from immediate access to US Highway 90 and proximity to UPS and FedEx air freight facilities at Lafayette Regional Airport, facilitating efficient distribution and logistics. Its central location within the Lafayette MSA allows service to a broad local and regional customer base, while nearby air cargo facilities provide access to national and global markets. US Highway 90 provides a direct corridor to Louisiana’s Gulf Coast ports, making the property suitable for businesses involved in manufacturing, fabrication, energy services, or distribution. The building includes a dedicated administrative office area and a climate-controlled warehouse equipped with 3-phase power. Industrial capabilities are enhanced by one 1-ton remote-controlled overhead crane and one 2-ton remote-controlled overhead crane, allowing for efficient material handling and production workflows. The site features a fully concrete, fenced yard with a remote-controlled rolling access gate, providing secure outdoor storage and controlled access for equipment and deliveries.
Key Highlights
- Excellent regional and national connectivity via immediate access to US Highway 90 and proximity to Lafayette Regional Airport's UPS and FedEx air freight facilities.
- Climate‑controlled warehouse with 3‑phase power.
- Two remote‑controlled overhead cranes: one 1‑ton and one 2‑ton.
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
$40,104
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
6.74%
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%
$802,080
$802.1K
Cap Rate 7%
$572,914
$572.9K
Cap Rate 9%
$445,600
$445.6K
Market Conditions
NOI Build-Up for 7,000 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
$49.6K $7.08/SF
− Vacancy
−$2.4K −$0.34/SF
EGI
$47.2K $6.74/SF
− OpEx
−$7.1K −$1.01/SF
NOI
$40.1K $5.73/SF
Area
Lafayette, LA
Vacancy
4.80%
Lease Rate
$7.08 /SF/Yr
Expense Ratio
15.00%
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%
$802,080
Cap Rate 7%
$572,914
Cap Rate 9%
$445,600
Alternative Uses
Best Use
Warehouse
$572.9K
$501.3K – $668.4K
NOI $40,104 @ 7.0% cap · market cap 6.74%
Second Best
Industrial
$471.8K
$412.8K – $550.5K
NOI $33,027 @ 7.0% cap · market cap 5.55%
Theoretical Best
Office A
$1.66M
$1.45M – $1.93M
NOI $115,853 @ 7.0% cap · market cap 19.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
450
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 70508, LA
40,343
Population
18,677
Households
2.2
Avg Household Size
38
Median Age
47%
College-Educated
94%
High-School Grad
24.3 sq mi
ZIP Area
1,660
Density / Sq Mi
$88,017
Median Household Income
$51,614
Median Earnings
$1,244
Median Rent
$299,200
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Beau Storage Units — 115 Beau Pre Rd, Lafayette, LA 70508
- Southpark Self Storage — 3540 W Pinhook Rd, Lafayette, LA 70508
- A & L Movers — 110 Pine Park Dr, Lafayette, LA 70508
Frequently Asked Questions
What type of property is this?
Warehouse - 7,000 SF industrial facility with excellent connectivity and features.
Where is this warehouse located?
The property is located at 106 Row 1 Lafayette, LA.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Excellent regional and national connectivity via immediate access to US Highway 90 and proximity to Lafayette Regional Airport's UPS and FedEx air freight facilities.; Climate‑controlled warehouse with 3‑phase power.; Two remote‑controlled overhead cranes: one 1‑ton and one 2‑ton.
