Flex Property with Covered
New
For Sale
$565,000
109 Lafayette St, Lafayette, LA 70501
Office and warehouse space are complemented by a large covered outdoor area on an industrial site.
Property Size4,700 SF
Lot Size1.48 Acres
Price / SF$120.21
Days on Market6
Property Features for 109 Lafayette St
General Information
Standard status
Active
Size
4,700 SF
Lot size
1.48 Acres
Warehouse & Industrial
Warehouse Space
3,000 SF
Office Build-Out
1,700 SF
Additional Details
Outdoor Storage
Yes
Building Details
Buildings
1
Building Size
4,700 SF
Listing Agency:
Scout Real Estate Co.
(337) 443-0880
Listed By:
Braxton J Higginbotham · License #9957099385
(337) 501-6457
Source:
Exprealty
Added: Oct 22
Changed: Oct 26
Last Checked: Oct 26 at 6:24PM
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.
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 flex property in Canebrake Commercial and Business Park includes approximately 4,700 square feet of enclosed space, divided between roughly 1,700 square feet of office and 3,000 square feet of warehouse. An additional approximately 5,400 square feet of covered open area sits on the 1.484-acre site.
The adjacent property at 107 Row 2 is also available; together, the two sites total 2.11 acres.
The adjacent property at 107 Row 2 is also available; together, the two sites total 2.11 acres.
Key Highlights
- 1.484‑acre site in Canebrake Commercial and Business Park
- Approximately 4,700 SF of enclosed space: roughly 1,700 SF office and 3,000 SF warehouse
- Approximately 5,400 SF of covered open area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,927
Cap Rate
4.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$538,540
$538.5K
Cap Rate 7%
$384,671
$384.7K
Cap Rate 9%
$299,189
$299.2K
Market Conditions
NOI Build-Up for 4,700 SF
Gross rent
$33.3K $7.08/SF
− Vacancy
−$1.6K −$0.34/SF
EGI
$31.7K $6.74/SF
− OpEx
−$4.8K −$1.01/SF
NOI
$26.9K $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%
$538,540
Cap Rate 7%
$384,671
Cap Rate 9%
$299,189
Alternative Uses
Best Use
Warehouse
$384.7K
$336.6K – $448.8K
NOI $26,927 @ 7.0% cap · market cap 4.77%
Second Best
Industrial
$316.8K
$277.2K – $369.6K
NOI $22,175 @ 7.0% cap · market cap 3.92%
Theoretical Best
Office A
$1.11M
$972.3K – $1.30M
NOI $77,787 @ 7.0% cap · market cap 13.77%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
177
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 70501, LA
28,721
Population
12,657
Households
2.3
Avg Household Size
38
Median Age
16%
College-Educated
78%
High-School Grad
15.3 sq mi
ZIP Area
1,877
Density / Sq Mi
$31,723
Median Household Income
$25,281
Median Earnings
$867
Median Rent
$117,200
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Office and warehouse space are complemented by a large covered outdoor area on an industrial site.
Where is this flex space located?
The property is located at 109 Lafayette St Lafayette, LA.
What is the asking price?
The asking price for this property is $565,000.
What are key features of this property?
This property features: 1.484‑acre site in Canebrake Commercial and Business Park; Approximately 4,700 SF of enclosed space: roughly 1,700 SF office and 3,000 SF warehouse; Approximately 5,400 SF of covered open area
