Two-Building Flex Property with
New
For Sale
$899,000
107-109 Row 2, Lafayette, LA 70508
Office and warehouse space are complemented by covered work area and a large yard.
Property Size8,940 SF
Lot Size2.11 Acres
Price / SF$100.56
Days on Market6
Property Features for 107-109 Row 2
General Information
Standard status
Active
Size
8,940 SF
Lot size
2.11 Acres
Site & Location
Highway Access
Yes
Road Access
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Warehouse Space
5,480 SF
Office Build-Out
3,460 SF
Additional Details
Property Use
Office
Building Details
Buildings
2
Building Size
8,940 SF
Listing Agency:
Scout Real Estate Co.
(337) 443-0880
Listed By:
Braxton J Higginbotham · License #9957099385
(337) 501-6457
Source:
Exprealty
Added: Oct 22
Changed: Oct 25
Last Checked: Oct 26 at 8:29PM
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 Scout Real Estate Co.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This flex property comprises two buildings with 8,940 SF of enclosed space, including approximately 3,460 SF of office and 5,480 SF of warehouse area. The campus also includes approximately 5,400 SF of covered open area and a large yard. The buildings are offered together on 2.11 contiguous acres in Canebrake Commercial and Business Park.
The property is minutes from Hwy 90 and future I-49. Its combination of office, warehouse, covered area, and yard provides a varied mix of enclosed and open space across the two-building campus.
The property is minutes from Hwy 90 and future I-49. Its combination of office, warehouse, covered area, and yard provides a varied mix of enclosed and open space across the two-building campus.
Key Highlights
- Two‑building flex campus on 2.11 contiguous acres
- 8,940 SF enclosed: approximately 3,460 SF office and 5,480 SF warehouse
- Approximately 5,400 SF of covered open area
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.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
450
Businesses Nearby
Under-served
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
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 - Office and warehouse space are complemented by covered work area and a large 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‑building flex campus on 2.11 contiguous acres; 8,940 SF enclosed: approximately 3,460 SF office and 5,480 SF warehouse; Approximately 5,400 SF of covered open area
