Warehouse with Overhead
New
For Sale
$250,000
110 Gallier Street, Lafayette, LA 70506
Commercial Sale, Lafayette, LA
Property Size4,000 SF
Lot Size0.38 Acres
Price / SF$62.50
Days on Market7
Property Features for 110 Gallier Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
comm
Parking
15
Exterior features
OH Door 16 - 20 Ft
Subdivision
Elphege Roger
Directions
North on University, left on Cameron, left on Evelyn, Left on Gallier
Standard status
Active
APN
6055986
Size
4,000 SF
Lot size
0.38 Acres
Taxes and HOA fees
Tax Description
Lots 10 & 11 Elphege Roger sub
Legal Description
Lots 10 & 11 Elphege Roger sub
Building Details
Flooring type
Concrete
Roof type
Metal
Listing Agency:
Keller Williams Realty Acadiana
(337) 735-9300
Listed By:
Lucius A Hornsby · License #69258
(337) 344-9949
Added: Sep 4
Changed: Sep 9
Last Checked: Sep 10 at 2:06PM
MLS# 2600008474
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.
Located at 110 Gallier Street in Lafayette, this 4,000-square-foot warehouse occupies a 0.38-acre site within an industrial district. The building features concrete flooring, a metal roof, and 2 overhead doors, including an exterior door in the 16–20 ft range. The property is identified with comm zoning and can accommodate uses such as light manufacturing, distribution, oilfield services, and flex storage space.
The site is near Ambassador Caffery and I-10, providing access to established commercial corridors and regional transportation routes. A large parking area supports vehicle parking and on-site maneuverability for warehouse or service-oriented operations.
The site is near Ambassador Caffery and I-10, providing access to established commercial corridors and regional transportation routes. A large parking area supports vehicle parking and on-site maneuverability for warehouse or service-oriented operations.
Key Highlights
- 4,000‑square‑foot warehouse on a 0.38‑acre site
- 2 overhead doors, including an OH Door 16 - 20 Ft
- Industrial‑district setting near Ambassador Caffery and I‑10
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
$22,917
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
9.17%
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%
$458,340
$458.3K
Cap Rate 7%
$327,386
$327.4K
Cap Rate 9%
$254,633
$254.6K
Market Conditions
NOI Build-Up for 4,000 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
$28.3K $7.08/SF
− Vacancy
−$1.4K −$0.34/SF
EGI
$27.0K $6.74/SF
− OpEx
−$4.0K −$1.01/SF
NOI
$22.9K $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%
$458,340
Cap Rate 7%
$327,386
Cap Rate 9%
$254,633
Alternative Uses
Best Use
Warehouse
$327.4K
$286.5K – $382.0K
NOI $22,917 @ 7.0% cap · market cap 9.17%
Second Best
Industrial
$269.6K
$235.9K – $314.5K
NOI $18,872 @ 7.0% cap · market cap 7.55%
Theoretical Best
Office A
$945.7K
$827.5K – $1.10M
NOI $66,202 @ 7.0% cap · market cap 26.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
621
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 70506, LA
39,801
Population
20,296
Households
2
Avg Household Size
36
Median Age
37%
College-Educated
91%
High-School Grad
20.8 sq mi
ZIP Area
1,914
Density / Sq Mi
$55,553
Median Household Income
$38,764
Median Earnings
$1,024
Median Rent
$215,700
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
Questions? Ask Rey
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- Acadiana Public Warehouse - Dry and Cold Storage — 116 Alley 3, Lafayette, LA 70506
- U-Pack — 1038 Walker Rd, Lafayette, LA 70506
Frequently Asked Questions
What type of property is this?
Warehouse - Industrial-district warehouse with concrete flooring, metal roofing, and space suited to storage or light industrial operations.
Where is this warehouse located?
The property is located at 110 Gallier Street Lafayette, LA.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: 4,000‑square‑foot warehouse on a 0.38‑acre site; 2 overhead doors, including an OH Door 16 - 20 Ft; Industrial‑district setting near Ambassador Caffery and I‑10
