Multi-Building Industrial
For Sale
$6,435,000
Pending
110 Consolidated Drive, Lafayette, LA 70508
COMMERCIAL - Lafayette, LA
Property Size64,208 SF
Lot Size11.92 Acres
Days on Market75
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
Pending
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
Electric (Heating), Central
Cooling system
Central Air
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 4
Last Checked: Aug 22 at 3:06PM
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.
A multi-building industrial facility totaling 64,208 SF, built in phases (2002 and 2007), with a mix of office and warehouse space across three buildings. The main campus includes 41,208 SF with 15,032 SF of office and 26,176 SF of warehouse, along with seven overhead doors and 26' and 18' eave heights. It is supported by LUS sewer, water, and electric, and includes six 5-ton bridge cranes with a 21' hook height.
Building 4 includes 7,500 SF with 2,000 SF office and 5,500 SF warehouse on 1.04 acres. Building 5 totals 15,500 SF with 1,190 SF office and 14,310 SF warehouse on 0.89 acres, including multiple bridge cranes and 11' hook heights. Both warehouse buildings are insulated and have duct work for AC, with the AC taken out, and they include overhead doors and eave height details as described in the listing.
An additional stabilized, fenced laydown yard is included on 2.788 acres. The campus includes flood zone designations of X, A, and floodway and is zoned IL, with the main campus located within the city limits of Lafayette and Buildings 4 and 5 located in unincorporated Lafayette Parish.
Building 4 includes 7,500 SF with 2,000 SF office and 5,500 SF warehouse on 1.04 acres. Building 5 totals 15,500 SF with 1,190 SF office and 14,310 SF warehouse on 0.89 acres, including multiple bridge cranes and 11' hook heights. Both warehouse buildings are insulated and have duct work for AC, with the AC taken out, and they include overhead doors and eave height details as described in the listing.
An additional stabilized, fenced laydown yard is included on 2.788 acres. The campus includes flood zone designations of X, A, and floodway and is zoned IL, with the main campus located within the city limits of Lafayette and Buildings 4 and 5 located in unincorporated Lafayette Parish.
Key Highlights
- 64,208 SF industrial facility on 11.9 acres near Hwy. 90 between Lafayette and Broussard.
- Main campus (110 Consolidated Dr.): 41,208 SF on 7.2 acres with 15,032 SF office and 26,176 SF warehouse.
- Main campus features 7 overhead doors, 21' hook height, and 26 & 18' eve heights plus 6 bridge cranes.
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
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway 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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Industrial campus with warehouse space, overhead doors, bridge cranes, and dedicated office areas on 11.9 acres.
Where is this flex space 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 11.9 acres near Hwy. 90 between Lafayette and Broussard.; Main campus (110 Consolidated Dr.): 41,208 SF on 7.2 acres with 15,032 SF office and 26,176 SF warehouse.; Main campus features 7 overhead doors, 21' hook height, and 26 & 18' eve heights plus 6 bridge cranes.
