Church Facility with Flexible
For Sale
$160,000
Pending
111 Sunbeam Lane, Lafayette, LA 70506
Commercial Sale, Lafayette, LA
Property Size2,800 SF
Lot Size0.45 Acres
Days on Market48
Property Features for 111 Sunbeam Lane
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Exterior features
Partially Fenced
Fencing
Partial
Directions
From Hwy 90, turn left on University Ave, turn left on Cameron St, turn right on Sunbeam, building on your left.
Subdivision
C
Standard status
Pending
APN
6151405
Size
2,800 SF
Lot size
0.45 Acres
Taxes and HOA fees
Tax Description
LOT 4 SEC 27 T9S R4E (7432.4 SQ FT)(118.72X64.26X121.03X59.78) (2017-11702 PLAT)
Legal Description
LOT 4 SEC 27 T9S R4E (7432.4 SQ FT)(118.72X64.26X121.03X59.78) (2017-11702 PLAT)
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Roof type
Metal
Listing Agency:
HUNCO Real Estate
(337) 889-5711
Listed By:
William G Raines · License #0995684992
(337) 344-7173
Added: Jul 14
Changed: Aug 25
Last Checked: Aug 30 at 2:06PM
MLS# 2600006474
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 2,800-square-foot commercial property is configured as a place of worship and includes a functional layout suited to its current use. The building is maintained with a metal roof, central heating, central air conditioning, public water service, and partial fencing. The 0.45-acre site provides space for parking and supports the property's established commercial setting.
The property is located just off Cameron Street with access to I-10 and Ambassador Caffery Parkway. It is within an industrial-area setting in Lafayette and is zoned Commercial. A long-term tenant currently occupies the building, with approximately two years remaining on the lease and a willingness to continue at the location.
The property is located just off Cameron Street with access to I-10 and Ambassador Caffery Parkway. It is within an industrial-area setting in Lafayette and is zoned Commercial. A long-term tenant currently occupies the building, with approximately two years remaining on the lease and a willingness to continue at the location.
Key Highlights
- 2,800‑square‑foot commercial building on a 0.45‑acre site
- Currently configured as a place of worship
- Commercial zoning in an industrial‑area setting
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
$13,211
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
8.26%
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%
$264,220
$264.2K
Cap Rate 7%
$188,729
$188.7K
Cap Rate 9%
$146,789
$146.8K
Market Conditions
NOI Build-Up for 2,800 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
$19.8K $7.08/SF
− Vacancy
−$952 −$0.34/SF
EGI
$18.9K $6.74/SF
− OpEx
−$5.7K −$2.02/SF
NOI
$13.2K $4.72/SF
Area
Lafayette, LA
Vacancy
4.80%
Lease Rate
$7.08 /SF/Yr
Expense Ratio
30.00%
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%
$264,220
Cap Rate 7%
$188,729
Cap Rate 9%
$146,789
Alternative Uses
Best Use
Industrial
$188.7K
$165.1K – $220.2K
NOI $13,211 @ 7.0% cap · market cap 8.26%
Second Best
Flex RnD
$175.2K
$153.3K – $204.5K
NOI $12,267 @ 7.0% cap · market cap 7.67%
Theoretical Best
Office A
$662.0K
$579.3K – $772.4K
NOI $46,341 @ 7.0% cap · market cap 28.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
482
Businesses Nearby
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Church & religious facility - Well-maintained commercial building with central HVAC, partial fencing, and public water service.
Where is this church & religious facility located?
The property is located at 111 Sunbeam Lane Lafayette, LA.
What is the asking price?
The asking price for this property is $160,000.
What are key features of this property?
This property features: 2,800‑square‑foot commercial building on a 0.45‑acre site; Currently configured as a place of worship; Commercial zoning in an industrial‑area setting
