Warehouse with Multiple Drive-In
For Sale
$550,000
108 Banks Ave, Lafayette, LA 70506
Industrial facility with three drive-in bays, overhead bridge rail cranes, and a fully fenced, stabilized yard.
Property Size11,107 SF
Days on Market96
Property Features for 108 Banks Ave
General Information
Standard status
Active
Size
11,107 SF
Property subtype
Industrial
Building Details
Building Size
11,107 SF
Listing Agency:
Elifin Realty
Listed By:
Mark Johns · License #995715972
(501) 513-7394
Source:
Elifinrealty
Added: Jul 24
Changed: Oct 26
Last Checked: Oct 26 at 1:34PM
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 Elifin Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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
Estimated NOI and Cap Rate
NOI / Yr
$48,661
Cap Rate
8.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$973,220
$973.2K
Cap Rate 7%
$695,157
$695.2K
Cap Rate 9%
$540,678
$540.7K
Market Conditions
NOI Build-Up for 11,107 SF
Gross rent
$78.6K $7.08/SF
− Vacancy
−$3.8K −$0.34/SF
EGI
$74.9K $6.74/SF
− OpEx
−$26.2K −$2.36/SF
NOI
$48.7K $4.38/SF
Area
Lafayette, LA
Vacancy
4.80%
Lease Rate
$7.08 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$973,220
Cap Rate 7%
$695,157
Cap Rate 9%
$540,678
Alternative Uses
Best Use
Warehouse
$909.1K
$795.4K – $1.06M
NOI $63,634 @ 7.0% cap · market cap 11.57%
Second Best
Industrial
$748.6K
$655.1K – $873.4K
NOI $52,404 @ 7.0% cap · market cap 9.53%
Theoretical Best
Office A
$2.63M
$2.30M – $3.06M
NOI $183,825 @ 7.0% cap · market cap 33.42%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Contact the owner directly
Get the owner's phone numbers and email
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
491
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 70506, LA
39,801
Population
20,296
Households
2
Avg Household Size
36
Median Age
37%
College-Educated
91%
High-School Grad
20.8 sq mi
ZIP Area
1,914
Density / Sq Mi
$55,553
Median Household Income
$38,764
Median Earnings
$1,024
Median Rent
$215,700
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
Frequently Asked Questions
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 $550,000.
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.
