Warehouse with Multiple Drive-In
108 Banks Ave Lafayette, LA 70506
For Sale
Contact for pricing
Industrial facility with three drive-in bays, overhead bridge rail cranes, and a fully fenced, stabilized yard.
Property Size11,107 SF
Price / SF$58.07
Days on Market198
Property Features for 108 Banks Ave
General Information
- Standard status
- Active
- Size
- 11,107 SF
- Property subtype
- INDUSTRIAL
Listing Agency:
Atlas Realty of Acadiana, LLC
(337) 857-5317
Listed By:
Stevie Reaux
(337) 857-5317
Source:
Moodyscre
Added: Jan 8
Changed: Jul 25
Last Checked: Jul 25 at 8:38AM
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 Atlas Realty of Acadiana, LLC
Investment Insights
Based on property information with market context.
This industrial facility includes a spacious warehouse with three drive-in bays and three overhead bridge rail cranes: two remote-controlled 3-ton units and one remote-controlled 5-ton unit. Power is supported by 3-phase service, and the property also offers covered concrete work areas and a fully fenced, stabilized yard.
The office portion features a reception area with receptionist office, two executive offices downstairs, one upstairs, a large open room, a restroom, and an employee break area.
With multiple access routes designed for heavy vehicles and proximity to I-10, the property is positioned within the Roy Estates Industrial Park near established commercial businesses including Herc Rentals and Coca-Cola Bottling.
The office portion features a reception area with receptionist office, two executive offices downstairs, one upstairs, a large open room, a restroom, and an employee break area.
With multiple access routes designed for heavy vehicles and proximity to I-10, the property is positioned within the Roy Estates Industrial Park near established commercial businesses including Herc Rentals and Coca-Cola Bottling.
Key Highlights
- Industrial facility in Roy Estates Industrial Park with multiple access routes for 18‑wheelers and heavy commercial traffic, just minutes from I‑10.
- Warehouse includes 3 drive‑in bays and overhead bridge rail cranes: two 3‑ton remote‑controlled cranes plus one 5‑ton remote‑controlled crane.
- 3‑phase power throughout and fully fenced, stabilized yard with covered concrete work areas.
Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $78.6k | $7.08 |
| − Vacancy | −$3.8k | −$0.34 |
| EGI | $74.9k | $6.74 |
| − OpEx | −$22.5k | −$2.02 |
| NOI | $52.4k | $4.72 |
11,107 SF · lease $7.08/SF/yr · vacancy 4.80% · expense 30.00%
Alternative Uses
Best Use
Warehouse
$909.1K
$795.4K – $1.06M
NOI $63,634 @ 7.0% cap · market cap 9.87%
Second Best
Industrial
$748.6K
$655.1K – $873.4K
NOI $52,404 @ 7.0% cap · market cap 8.12%
Theoretical Best
Office A
$2.63M
$2.30M – $3.06M
NOI $183,825 @ 7.0% cap · market cap 28.50%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
IBT Supply, LLC
Hardware & Home Improvement
G3 Boats
(Bike/Boat/Book/etc) Store
FAQs
What type of property is this?
Flex space - Industrial facility with three drive-in bays, overhead bridge rail cranes, and a fully fenced, stabilized yard.
Where is this flex space located?
The property is located at 108 Banks Ave Lafayette, LA.
What is the asking price?
The asking price for this property is $645,000.
What are key features of this property?
This property features: Industrial facility in Roy Estates Industrial Park with multiple access routes for 18‑wheelers and heavy commercial traffic, just minutes from I‑10.; Warehouse includes 3 drive‑in bays and overhead bridge rail cranes: two 3‑ton remote‑controlled cranes plus one 5‑ton remote‑controlled crane.; 3‑phase power throughout and fully fenced, stabilized yard with covered concrete work areas.
