Church Building with Central
For Sale
$160,000
111 Sunbeam Lane, Lafayette, LA 70506
Commercial Sale, Lafayette, LA
Property Size2,800 SF
Lot Size0.45 Acres
Price / SF$57.14
Days on Market95
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
Active
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
Sewer type
Public Sewer
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: Oct 8
Last Checked: Oct 16 at 4:06AM
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.
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Investment Insights
Based on property information with market context.
This 0.45-acre commercial property in Lafayette contains a building currently used as a place of worship. Central heating and air conditioning, a metal roof, and partial fencing are among its physical features. Public water and sewer serve the property, and the zoning is Commercial.
A long-term tenant occupies the building and is willing to remain. Approximately two years are left on the current lease, which is backed by a regional religious organization with multiple locations. The property is near Cameron Street, I-10, and Ambassador Caffery Parkway.
A long-term tenant occupies the building and is willing to remain. Approximately two years are left on the current lease, which is backed by a regional religious organization with multiple locations. The property is near Cameron Street, I-10, and Ambassador Caffery Parkway.
Key Highlights
- 0.45‑acre parcel in Lafayette
- Currently occupied by a long‑term tenant willing to remain
- Approximately two years remaining on the current lease
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,211
Cap Rate
8.26%
Suggested Prices Based on Cap Rates
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
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 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.
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Property Analytics
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Church & religious facility - The occupied property has commercial zoning, public water and sewer, and partial fencing.
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: 0.45‑acre parcel in Lafayette; Currently occupied by a long‑term tenant willing to remain; Approximately two years remaining on the current lease
