Two-Building Flex
New
For Sale
$899,000
107-109 Row 2, Lafayette, LA 70508
Commercial Sale, Lafayette, LA
Property Size8,940 SF
Lot Size2.11 Acres
Price / SF$100.56
Days on Market2
Property Features for 107-109 Row 2
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
IH
Directions
From W. Pinhook Rd, turn onto Turn Row into Canebrake Commercial and Business Park, then right onto Row 2. The property is on the right.
Subdivision
O
Standard status
Active
APN
6050634
Size
8,940 SF
Lot size
2.11 Acres
Additional Details
Property Use
Warehouse, Office
Taxes and HOA fees
Tax Description
LOT 41B, CANEBRAKE COMMERCIAL AND BUSINESS PARK, (100 X 231.87 X 137.53), LAFAYETTE PARISH, LA. LOT 48-A, CANEBRAKE COMMERCIAL AND BUSINESS PARK, (1.484 AC)(20-45493 PLAT) LAFAYETTE PARISH, LA
Legal Description
LOT 41B, CANEBRAKE COMMERCIAL AND BUSINESS PARK, (100 X 231.87 X 137.53), LAFAYETTE PARISH, LA. LOT 48-A, CANEBRAKE COMMERCIAL AND BUSINESS PARK, (1.484 AC)(20-45493 PLAT) LAFAYETTE PARISH, LA
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Floors in Building
1
Building materials
Brick, Metal Siding
Buildings
2
Listing Agency:
Scout Real Estate Co.
(337) 443-0880
Listed By:
Braxton Higginbotham · License #9957099385
(337) 501-6457
Added: Oct 22
Changed: Oct 23
Last Checked: Oct 23 at 4:06PM
MLS# 2600009960
Copyright © 2026 ROAM MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This flex property comprises two buildings on 2.11 contiguous acres within Canebrake Commercial and Business Park. The buildings contain approximately 8,940 square feet of enclosed area, including roughly 3,460 square feet of office space and 5,480 square feet of warehouse space. An additional approximately 5,400 square feet of covered open area and a large yard extend the site’s utility. Construction includes brick and metal siding, with central heating and air conditioning.
The property is minutes from Hwy 90 and the future I-49. Public water and public sewer serve the site, which is zoned IH. The two buildings are offered together, and the individual properties are also offered separately.
The property is minutes from Hwy 90 and the future I-49. Public water and public sewer serve the site, which is zoned IH. The two buildings are offered together, and the individual properties are also offered separately.
Key Highlights
- Two buildings on 2.11 contiguous acres
- Approximately 8,940 square feet enclosed: 3,460 square feet of office and 5,480 square feet of warehouse
- Approximately 5,400 square feet of covered open area, plus a large yard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,218
Cap Rate
5.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,024,360
$1.0M
Cap Rate 7%
$731,686
$731.7K
Cap Rate 9%
$569,089
$569.1K
Market Conditions
NOI Build-Up for 8,940 SF
Gross rent
$63.3K $7.08/SF
− Vacancy
−$3.0K −$0.34/SF
EGI
$60.3K $6.74/SF
− OpEx
−$9.0K −$1.01/SF
NOI
$51.2K $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 Rate 5%
$1,024,360
Cap Rate 7%
$731,686
Cap Rate 9%
$569,089
Alternative Uses
Best Use
Warehouse
$731.7K
$640.2K – $853.6K
NOI $51,218 @ 7.0% cap · market cap 5.70%
Second Best
Industrial
$602.6K
$527.3K – $703.0K
NOI $42,180 @ 7.0% cap · market cap 4.69%
Theoretical Best
Office A
$2.11M
$1.85M – $2.47M
NOI $147,961 @ 7.0% cap · market cap 16.46%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
450
Businesses Nearby
Under-served
Demand for This Use
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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
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Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Bateman Food & Nutrition — 3155 W Pinhook Rd, Lafayette, LA 70508
Frequently Asked Questions
What type of property is this?
Flex space - The site combines enclosed office and warehouse space with covered outdoor area and a yard.
Where is this flex space located?
The property is located at 107-109 Row 2 Lafayette, LA.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Two buildings on 2.11 contiguous acres; Approximately 8,940 square feet enclosed: 3,460 square feet of office and 5,480 square feet of warehouse; Approximately 5,400 square feet of covered open area, plus a large yard
