Building Details

Flooring type Concrete

Building materials Metal Siding

Roof type Metal

Listing Agency: Keller Williams Realty Acadiana k***@kw.com Show Phone

Listed By: Lucius Hornsby · License #69258 Show Phone

Added: Sep 4 Changed: Oct 23 Last Checked: Oct 23 at 5:06PM

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MLS# 2600008474

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 4,000-square-foot warehouse sits on a 0.38-acre parcel and has two overhead doors. Metal siding, a metal roof, and concrete flooring make up the building’s documented construction features. The property is suited to light manufacturing, distribution, oilfield services, or flex storage.

Located in an industrial district near Ambassador Caffery and I-10, the site also has a large parking area that can support parking or vehicle maneuvering.

Key Highlights

• 4,000‑square‑foot warehouse on 0.38 acres
• Two overhead doors
• Concrete flooring, metal siding, and metal roof

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$22,917

Cap Rate

9.17%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$458,340 $458.3K

Cap Rate 7%

$327,386 $327.4K

Cap Rate 9%

$254,633 $254.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,000 SF

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 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 (±1% cap)

NOI $22,917 @ 7.0% cap · market cap 9.17%

Second Best

Industrial

$269.6K

$235.9K – $314.5K (±1% cap)

NOI $18,872 @ 7.0% cap · market cap 7.55%

Theoretical Best

Office A

$945.7K

$827.5K – $1.10M (±1% cap)

NOI $66,202 @ 7.0% cap · market cap 26.48%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Manufacturing properties

Suggested Use

Top Pick Law Firm Dental Office Bakery (Bike/Boat/Book/etc) Store Acupuncture Tanning Salon

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

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

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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Similar Off Market Nearby

• EZ R.V.-Boat Storage — Mailing address: see website, 1900 Eraste Landry Rd, Lafayette, LA 70506
• Louisiana Moving Company — 312 Wall St, Lafayette, LA 70506
• Bertrand Storage Units — 1760 Bertrand Dr, Lafayette, LA 70506
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• U-Pack — 1038 Walker Rd, Lafayette, LA 70506

Frequently Asked Questions

What type of property is this?

Warehouse - The facility can accommodate light manufacturing, distribution, oilfield services, or flex storage.

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 0.38 acres; Two overhead doors; Concrete flooring, metal siding, and metal roof