Flex Building with Fenced
For Sale
$400,000
107 Board Road, Lafayette, LA 70508
Commercial Sale, Lafayette, LA
Property Size4,000 SF
Lot Size0.34 Acres
Price / SF$100
Days on Market48
Property Features for 107 Board Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
IL
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1
Parking
25
Exterior features
Fully Fenced, OH Door 10 - 15 Ft, Stabilized Yard Base
Fencing
Full
Subdivision
Petroleum Square
Directions
Lafayette headed towards Broussard on W. Pinhook Rd. turn right on Board Rd. The property is on the left.
Standard status
Active
APN
6025315
Size
4,000 SF
Lot size
0.34 Acres
Additional Details
Property Use
Office/Warehouse
Condition
Turnkey
Taxes and HOA fees
Tax Description
LOT 7 PETROLEUM SQUARE (100X144.2X100X144.18)
Legal Description
LOT 7 PETROLEUM SQUARE (100X144.2X100X144.18)
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
fenced yard
three-phase power
private security area
Building Details
Flooring type
Tile - Ceramic, Tile, Concrete
Roof type
Metal
Buildings
1
Listing Agency:
Keaty Real Estate Team
(337) 235-7770
Listed By:
Dyllan V Hawkins · License #995705414
(337) 852-0163
Added: Sep 9
Changed: Oct 26
Last Checked: Oct 26 at 6:06PM
MLS# 2600008468
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.
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Investment Insights
Based on property information with market context.
This 4,000-square-foot flex building includes approximately 1,500 square feet of remodeled office space and 2,500 square feet of warehouse area. Two 12-by-12-foot overhead doors serve the warehouse, and three-phase power is available. The 0.34-acre site also has a fully enclosed, stabilized yard. Interior finishes include ceramic tile and concrete, with central heating and air conditioning.
Located at 107 Board Road in Lafayette, the property is zoned IL. Public water and sewer serve the site. Verot School Road and the Kaliste Saloom corridor are described as minutes away.
Located at 107 Board Road in Lafayette, the property is zoned IL. Public water and sewer serve the site. Verot School Road and the Kaliste Saloom corridor are described as minutes away.
Key Highlights
- 4,000 square feet, including approximately 1,500 square feet of remodeled office and 2,500 square feet of warehouse
- Two 12‑by‑12‑foot overhead doors and three‑phase power
- 0.34‑acre site with fully fenced yard and stabilized base
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,917
Cap Rate
5.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$458,340
$458.3K
Cap Rate 7%
$327,386
$327.4K
Cap Rate 9%
$254,633
$254.6K
Market Conditions
NOI Build-Up for 4,000 SF
Gross rent
$28.3K $7.08/SF
− Vacancy
−$1.4K −$0.34/SF
EGI
$27.0K $6.74/SF
− OpEx
−$4.0K −$1.01/SF
NOI
$22.9K $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%
$458,340
Cap Rate 7%
$327,386
Cap Rate 9%
$254,633
Alternative Uses
Best Use
Office B
$665.0K
$581.9K – $775.8K
NOI $46,548 @ 7.0% cap · market cap 11.64%
Second Best
Warehouse
$327.4K
$286.5K – $382.0K
NOI $22,917 @ 7.0% cap · market cap 5.73%
Theoretical Best
Office A
$945.7K
$827.5K – $1.10M
NOI $66,202 @ 7.0% cap · market cap 16.55%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Drive-in doors
Yes
Fenced yard
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
531
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office 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 areas share the building, with a secured outdoor yard and three-phase power.
Where is this flex space located?
The property is located at 107 Board Road 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: 4,000 square feet, including approximately 1,500 square feet of remodeled office and 2,500 square feet of warehouse; Two 12‑by‑12‑foot overhead doors and three‑phase power; 0.34‑acre site with fully fenced yard and stabilized base
