Building Details

Building Size 4,240 SF

Listing Agency: Scout Real Estate Co.

Listed By: Braxton Higginbotham · License #9957099385 Show Phone

Source: Lacdb.resimplifi

Added: Oct 23 Changed: Oct 26 Last Checked: Oct 26 at 2:40PM

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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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Investment Insights

Based on property information with market context.

This flex property contains approximately 4,240 SF, divided between 1,760 sf of finished office space and 2,480 sf of warehouse area. The site covers 0.63 acre and is zoned IH. An adjacent property at 109 Row 2 is also available; together, the two properties comprise a 2.11-acre campus.

The property is in Canebrake Commercial and Business Park, one turn from W. Pinhook Rd and minutes from Hwy 90 and the future I-49.

Key Highlights

• Approximately 4,240 SF total
• 1,760 sf of finished office space and 2,480 sf of warehouse area
• 0.63 acre site with IH zoning

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$24,292

Cap Rate

6.31%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$485,840 $485.8K

Cap Rate 7%

$347,029 $347.0K

Cap Rate 9%

$269,911 $269.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,240 SF

Gross rent

$30.0K $7.08/SF

− Vacancy

−$1.4K −$0.34/SF

EGI

$28.6K $6.74/SF

− OpEx

−$4.3K −$1.01/SF

NOI

$24.3K $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%

$485,840

Cap Rate 7%

$347,029

Cap Rate 9%

$269,911

Alternative Uses

Best Use

Warehouse

$347.0K

$303.7K – $404.9K (±1% cap)

NOI $24,292 @ 7.0% cap · market cap 6.31%

Second Best

Industrial

$285.8K

$250.1K – $333.4K (±1% cap)

NOI $20,005 @ 7.0% cap · market cap 5.20%

Theoretical Best

Office A

$1.00M

$877.2K – $1.17M (±1% cap)

NOI $70,174 @ 7.0% cap · market cap 18.23%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Gulf Stream Services ... Factory

Suggested Use

Top Pick Real Estate Agency Law Firm Daycare Center (Bike/Boat/Book/etc) Store Electrical Service Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - Office and warehouse areas provide a flexible layout for commercial operations in an established business park.

Where is this flex space located?

The property is located at 107 Row 2 Lafayette, LA.

What is the asking price?

The asking price for this property is $385,000.

What are key features of this property?

This property features: Approximately 4,240 SF total; 1,760 sf of finished office space and 2,480 sf of warehouse area; 0.63 acre site with IH zoning