Flex Space with Covered
New
For Sale
$565,000
109 Row 2, Lafayette, LA 70508
Commercial Sale, Lafayette, LA
Property Size4,700 SF
Lot Size1.48 Acres
Price / SF$120.21
Days on Market2
Property Features for 109 Row 2
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
IH
Directions
From W. Pinhook Rd, turn onto Turn Row into Canebrake Commercial and Business Park, then right onto Row 2. The property is on the right.
Subdivision
O
Standard status
Active
APN
6050634
Size
4,700 SF
Lot size
1.48 Acres
Additional Details
Property Use
Warehouse
Taxes and HOA fees
Tax Description
LOT 48-A, CANEBRAKE COMMERCIAL AND BUSINESS PARK, (1.484 AC)(20-45493 PLAT) LAFAYETTE PARISH, LA
Legal Description
LOT 48-A, CANEBRAKE COMMERCIAL AND BUSINESS PARK, (1.484 AC)(20-45493 PLAT) LAFAYETTE PARISH, LA
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Floors in Building
1
Building materials
Brick, Metal Siding
Listing Agency:
Scout Real Estate Co.
(337) 443-0880
Listed By:
Braxton Higginbotham · License #9957099385
(337) 501-6457
Added: Oct 22
Changed: Oct 23
Last Checked: Oct 23 at 1:06PM
MLS# 2600009959
Copyright © 2026 ROAM MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This flex property includes approximately 4,700 square feet of enclosed space, divided between about 1,700 square feet of office area and 3,000 square feet of warehouse space. An additional approximately 5,400 square feet of covered open area extends the usable work and storage footprint. Brick and metal siding, central heating and central air conditioning, public water, and public sewer serve the property. The site is zoned IH.
Located in Canebrake Commercial and Business Park at 109 Row 2 in Lafayette, the property is suited to equipment storage, fleet parking, laydown, or businesses requiring more yard capacity. The adjacent property at 107 Row 2 is also available; together, the two properties comprise a 2.11-acre site.
Located in Canebrake Commercial and Business Park at 109 Row 2 in Lafayette, the property is suited to equipment storage, fleet parking, laydown, or businesses requiring more yard capacity. The adjacent property at 107 Row 2 is also available; together, the two properties comprise a 2.11-acre site.
Key Highlights
- Approximately 4,700 SF of enclosed space: 1,700 SF of office and 3,000 SF of warehouse
- Approximately 5,400 SF of covered open area
- IH zoning
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.
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Current Use
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Bateman Food & Nutrition — 3155 W Pinhook Rd, Lafayette, LA 70508
Frequently Asked Questions
What type of property is this?
Flex space - A substantial covered work area complements enclosed office and warehouse space for operations needing outdoor storage or staging.
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: Approximately 4,700 SF of enclosed space: 1,700 SF of office and 3,000 SF of warehouse; Approximately 5,400 SF of covered open area; IH zoning
