Building Details

Building Size 4,700 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 3:46PM

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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 in Canebrake Commercial and Business Park has 4,700 SF of enclosed space, including approximately 1,700 SF of office and 3,000 SF of warehouse area. An additional 5,400 SF of covered open area is on the 1.484-acre site. The property is zoned IH.

The adjacent property at 107 Row 2 is also available. Together, the two sites total 2.11 acres.

Key Highlights

• 1.484‑acre IH‑zoned site
• 4,700 SF of enclosed space, with approximately 1,700 SF of office and 3,000 SF of warehouse area
• 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

Is this asking price fair?

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 (±1% cap)

NOI $26,927 @ 7.0% cap · market cap 4.77%

Second Best

Industrial

$316.8K

$277.2K – $369.6K (±1% cap)

NOI $22,175 @ 7.0% cap · market cap 3.92%

Theoretical Best

Office A

$1.11M

$972.3K – $1.30M (±1% cap)

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

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

Open Analytics

Current Use

Flex space

Suggested Use

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

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

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 - IH-zoned space pairs office and warehouse interiors with covered outdoor area on a 1.484-acre site.

Where is this flex space located?

The property is located at 109 Row 2 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 IH‑zoned site; 4,700 SF of enclosed space, with approximately 1,700 SF of office and 3,000 SF of warehouse area; 5,400 SF of covered open area