Multi-Building Warehouse
For Sale
$6,435,000
110 Consolidated Drive, Lafayette, LA 70508
Commercial Sale, Lafayette, LA
Property Size64,208 SF
Lot Size11.92 Acres
Price / SF$100.22
Days on Market94
Property Features for 110 Consolidated Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
IL
Parking
50
Exterior features
Fully Fenced, OH Door 16 - 20 Ft, Outside Storage, Stabilized Yard Base
Fencing
Full
Subdivision
Tideland Ind Park
Lot features
Level
Directions
From the intersection of Southpark Rd. and Pinhook travel on Southpark Road headed towards Hwy. 90. Turn right on Tideland. The facility starts at the Y where Tideland Rd. turns into Consolidation Dr.
Standard status
Active
APN
6044268
Size
64,208 SF
Lot size
11.92 Acres
Taxes and HOA fees
Tax Description
LOT 4 TIDELAND INDUSTRIAL PARK PHASE 2 (3.330 acs); LOT 1 TIDELAND INDUSTRIAL PARK PHASE I (2 AC); LOT 2 TIDELAND INDUSTRIAL PARK PHASE I LOTS 2 & 3 1.87 acres; LOT 3 BUGLE REALTY PARK (1.394 AC)(132X460); LOT 4 BUGLE REALTY PARK (1.394 AC) (132X460);
Legal Description
LOT 4 TIDELAND INDUSTRIAL PARK PHASE 2 (3.330 acs); LOT 1 TIDELAND INDUSTRIAL PARK PHASE I (2 AC); LOT 2 TIDELAND INDUSTRIAL PARK PHASE I LOTS 2 & 3 1.87 acres; LOT 3 BUGLE REALTY PARK (1.394 AC)(132X460); LOT 4 BUGLE REALTY PARK (1.394 AC) (132X460);
Utilities
Heating system
Central, Electric (Heating)
Cooling system
Central Air
Amenities
overhead doors
bridge cranes
laydown yard
Building Details
Floors in Building
2
Flooring type
Tile
Roof type
Metal
Additional Structures
Storage
Listing Agency:
Compass · ERA Real Estate
(337) 233-9700
Listed By:
Brennan Billeaud · License #0000069755
(337) 654-2591
Added: Jun 9
Changed: Aug 29
Last Checked: Sep 10 at 11:06AM
MLS# 2600005131
Copyright © 2026 Realtor Association of Acadiana. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This warehouse property comprises 64,208 square feet across multiple facilities and a separate laydown yard totaling 11.92 acres. The main site at 110 Consolidated Drive contains 41,208 square feet, including 15,032 square feet of office space and 26,176 square feet of warehouse area. Improvements include seven overhead doors, 26- and 18-foot eave heights, six 5-ton bridge cranes, and a 21-foot hook height. The main buildings were constructed in 2002 and 2007 and are served by LUS sewer, water, and electric utilities.
Two additional facilities at 412 Tideland Road and 318 Tideland Road provide 7,500 square feet and 15,500 square feet, respectively. They include office and warehouse areas, overhead doors, insulated warehouse sections, ductwork for air conditioning, and bridge cranes ranging from 2 tons to 7.5 tons. A 2.788-acre stabilized, fenced laydown yard at 129 & 133 Boyce Street adds outside storage capacity. The properties are near Hwy. 90, between Lafayette and Broussard, with sites in Lafayette city limits and unincorporated Lafayette Parish; zoning includes IL.
Two additional facilities at 412 Tideland Road and 318 Tideland Road provide 7,500 square feet and 15,500 square feet, respectively. They include office and warehouse areas, overhead doors, insulated warehouse sections, ductwork for air conditioning, and bridge cranes ranging from 2 tons to 7.5 tons. A 2.788-acre stabilized, fenced laydown yard at 129 & 133 Boyce Street adds outside storage capacity. The properties are near Hwy. 90, between Lafayette and Broussard, with sites in Lafayette city limits and unincorporated Lafayette Parish; zoning includes IL.
Key Highlights
- 64,208 SF industrial facility on 11.92 acres across multiple sites
- Main facility includes 41,208 SF with 15,032 SF office and 26,176 SF warehouse space
- Seven overhead doors and six 5‑ton bridge cranes at the main site
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$367,856
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.72%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$7,357,120
$7.4M
Cap Rate 7%
$5,255,086
$5.3M
Cap Rate 9%
$4,087,289
$4.1M
Market Conditions
NOI Build-Up for 64,208 SF
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.
Gross rent
$454.6K $7.08/SF
− Vacancy
−$21.8K −$0.34/SF
EGI
$432.8K $6.74/SF
− OpEx
−$64.9K −$1.01/SF
NOI
$367.9K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$7,357,120
Cap Rate 7%
$5,255,086
Cap Rate 9%
$4,087,289
Alternative Uses
Best Use
Warehouse
$5.26M
$4.60M – $6.13M
NOI $367,856 @ 7.0% cap · market cap 5.72%
Second Best
Industrial
$4.33M
$3.79M – $5.05M
NOI $302,941 @ 7.0% cap · market cap 4.71%
Theoretical Best
Office A
$15.18M
$13.28M – $17.71M
NOI $1,062,668 @ 7.0% cap · market cap 16.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
386
Businesses Nearby
Well-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
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
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Similar Off Market Nearby
- Southpark Self Storage — 3540 W Pinhook Rd, Lafayette, LA 70508
- AAA U-Store-UM — 3515 Hwy 90 E, Broussard, LA 70518
- All American Transfer And Storage — 120 Southpark Rd, Lafayette, LA 70508
- Acadiana Movers — 120 Southpark Rd, Lafayette, LA 70508
Frequently Asked Questions
What type of property is this?
Warehouse - Industrial facilities with office areas, overhead doors, bridge cranes, fenced yards, and IL zoning across multiple Lafayette sites.
Where is this warehouse located?
The property is located at 110 Consolidated Drive Lafayette, LA.
What is the asking price?
The asking price for this property is $6,435,000.
What are key features of this property?
This property features: 64,208 SF industrial facility on 11.92 acres across multiple sites; Main facility includes 41,208 SF with 15,032 SF office and 26,176 SF warehouse space; Seven overhead doors and six 5‑ton bridge cranes at the main site
