Building Details

Tenancy Single Tenant

Listing Agency: NVST Real Estate Solutions

Listed By: Blake Soto · License #995711584 Show Phone

Source: Lacdb.resimplifi

Added: Apr 1 Changed: Oct 13 Last Checked: Oct 14 at 7:51PM

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Investment Insights

Based on property information with market context.

This flex property at 1101 Eraste Landry Rd includes approximately ±1,648 SF of conditioned warehouse area with a 14-foot eave height and expansion capacity up to ±5,200 SF. The improvements also include approximately ±1,436 SF of office space, creating a combination of production, storage, and administrative areas. New interior electrical work and 200-amp, 3-phase service support commercial operations.

The property is in Lafayette along the Eraste Landry corridor, with access to I-10 and Highway 90. The surrounding area includes the University of Louisiana Lafayette and healthcare facilities. IL zoning and the existing warehouse-office configuration support light commercial and service-oriented uses.

Key Highlights

• Approximately ±1,648 SF of conditioned warehouse space
• Warehouse expansion capacity up to ±5,200 SF
• 14’ eave height in the warehouse

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$29,073

Suggested Prices Based on Cap Rates

Cap Rate 5%

$581,460 $581.5K

Cap Rate 7%

$415,329 $415.3K

Cap Rate 9%

$323,033 $323.0K

What to ask about pricing

Market Conditions

NOI Build-Up for 6,636 SF

Gross rent

$47.0K $7.08/SF

− Vacancy

−$2.3K −$0.34/SF

EGI

$44.7K $6.74/SF

− OpEx

−$15.7K −$2.36/SF

NOI

$29.1K $4.38/SF

Area

Lafayette, LA

Vacancy

4.80%

Lease Rate

$7.08 /SF/Yr

Expense Ratio

35.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$581,460

Cap Rate 7%

$415,329

Cap Rate 9%

$323,033

Alternative Uses

Best Use

Office B

$1.10M

$965.3K – $1.29M (±1% cap)

NOI $77,223 @ 7.0% cap · market cap 1,103,185.71%

Second Best

Warehouse

$543.1K

$475.2K – $633.7K (±1% cap)

NOI $38,019 @ 7.0% cap · market cap 543,128.57%

Theoretical Best

Office A

$1.57M

$1.37M – $1.83M (±1% cap)

NOI $109,828 @ 7.0% cap · market cap 1,568,971.43%

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

Property Analytics

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Open Analytics

Current Use

Tosheiba Holmes Pediatrician PERC Development LLC ... Construction Company

Suggested Use

Top Pick Law Firm Dental Office Real Estate Agency Parking Lot & Garage Cafe & Coffee Shop (Bike/Boat/Book/etc) Store

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

Location Intelligence

Trade Area within ½ mile

963

Businesses Nearby

Under-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 Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - Flexible industrial property combines conditioned warehouse space with dedicated offices and IL zoning.

Where is this flex space located?

The property is located at 1101 Eraste Landry Rd Lafayette, LA.

What are key features of this property?

This property features: Approximately ±1,648 SF of conditioned warehouse space; Warehouse expansion capacity up to ±5,200 SF; 14’ eave height in the warehouse