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 Market45
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
Directions
Lafayette headed towards Broussard on W. Pinhook Rd. turn right on Board Rd. The property is on the left.
Subdivision
O
Standard status
Active
APN
6025315
Size
4,000 SF
Lot size
0.34 Acres
Additional Details
Property Use
Flex
Taxes and HOA fees
Tax Description
LOT 7 PETROLEUM SQUARE (100X144.2X100X144.18)
Tax Annual Amount
5461
Legal Description
LOT 7 PETROLEUM SQUARE (100X144.2X100X144.18)
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Flooring type
Tile, Tile - Ceramic, Concrete, Vinyl
Building materials
Metal Siding
Roof type
Metal
Buildings
1
Listing Agency:
Keaty Real Estate Team
(337) 235-7770
Listed By:
Dyllan Hawkins · License #995705414
(337) 852-0163
Added: Sep 9
Changed: Oct 23
Last Checked: Oct 23 at 2:06PM
MLS# 2600008468
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.
At 107 Board Road in Lafayette, this 4,000-square-foot flex building combines an estimated 1,500 square feet of remodeled office area with 2,500 square feet of warehouse space. Two 12-by-12-foot roll-up doors and three-phase power serve the warehouse, while a fenced, stabilized yard adds outdoor area to the 0.34-acre property.
The property is zoned IL and has central heating and air conditioning, public water and sewer, and natural gas available. Metal siding and a metal roof complete the building’s exterior.
The property is zoned IL and has central heating and air conditioning, public water and sewer, and natural gas available. Metal siding and a metal roof complete the building’s exterior.
Key Highlights
- 4,000‑square‑foot flex building with estimated 1,500 square feet of remodeled office and 2,500 square feet of warehouse
- Two 12x12 roll‑up doors and three‑phase power
- Fenced, stabilized yard on a 0.34‑acre property
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
Warehouse
$327.4K
$286.5K – $382.0K
NOI $22,917 @ 7.0% cap · market cap 5.73%
Second Best
Industrial
$269.6K
$235.9K – $314.5K
NOI $18,872 @ 7.0% cap · market cap 4.72%
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.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
2
Drive-in doors
Yes
Fenced yard
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
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
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 - A remodeled office component complements warehouse space, supported by three-phase power and IL zoning.
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‑foot flex building with estimated 1,500 square feet of remodeled office and 2,500 square feet of warehouse; Two 12x12 roll‑up doors and three‑phase power; Fenced, stabilized yard on a 0.34‑acre property
