Drug Store with Parking
For Sale
$3,900,000
111 Westgate Road, Lafayette, LA 70506
Commercial Sale, Lafayette, LA
Property Size15,381 SF
Lot Size1.96 Acres
Price / SF$253.56
Days on Market646
Property Features for 111 Westgate Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
CM-1 (COMMERCIA
Parking features
Off Street, Parking Lot
Security features
Security System
Subdivision
Leblanc (OFFORD)
Directions
Ambassador Caffery toward I-10 , left at Cameron St, left at 1st light. in Scott onto Westgate Rd, property is on the left.
Standard status
Active
APN
6042006
Size
15,381 SF
Lot size
1.96 Acres
Taxes and HOA fees
Tax Description
SEC 29 T9S R4E (0.522 AC)(05-20623) SEC 29 T9S R4E (180X118)(05-20624) LOT 1-B (1.901 AC) LOTS 2A & 2D (05-20624) OFFORD LEBLANC SUB (CVS PHARMACY)
Legal Description
SEC 29 T9S R4E (0.522 AC)(05-20623) SEC 29 T9S R4E (180X118)(05-20624) LOT 1-B (1.901 AC) LOTS 2A & 2D (05-20624) OFFORD LEBLANC SUB (CVS PHARMACY)
Utilities
Sewer type
Public Sewer
Cooling system
Central Air
Water source
Public
Building Details
Flooring type
Tile
Listing Agency:
Scout Real Estate Co.
(337) 443-0880
Listed By:
Jeff Landry · License #995682229
(337) 257-5380
Added: Jan 7, 2025
Changed: Oct 8
Last Checked: Oct 15 at 2:06AM
MLS# 25000218
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 15,381-square-foot drug store property sits on a 1.96-acre parcel. Interior features include tile flooring and central air conditioning. The site has off-street parking and a parking lot, with public water and public sewer service.
The property is at 111 Westgate Road in Lafayette, within the West-Lafayette Parish Commercial Corridor and adjacent to the West Village TND Development.
The property is at 111 Westgate Road in Lafayette, within the West-Lafayette Parish Commercial Corridor and adjacent to the West Village TND Development.
Key Highlights
- 15,381 square feet on 1.96 acres
- Adjacent to the West Village TND Development
- Off‑street parking and a parking lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$199,860
Cap Rate
5.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,997,200
$4.0M
Cap Rate 7%
$2,855,143
$2.9M
Cap Rate 9%
$2,220,667
$2.2M
Market Conditions
NOI Build-Up for 15,381 SF
Gross rent
$289.8K $18.84/SF
− Vacancy
−$23.3K −$1.51/SF
EGI
$266.5K $17.33/SF
− OpEx
−$66.6K −$4.33/SF
NOI
$199.9K $12.99/SF
Area
Lafayette, LA
Vacancy
8.04%
Lease Rate
$18.84 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,997,200
Cap Rate 7%
$2,855,143
Cap Rate 9%
$2,220,667
Alternative Uses
Best Use
Specialty Retail
$2.86M
$2.50M – $3.33M
NOI $199,860 @ 7.0% cap · market cap 5.12%
Second Best
Retail
$2.66M
$2.33M – $3.11M
NOI $186,536 @ 7.0% cap · market cap 4.78%
Theoretical Best
Office A
$3.64M
$3.18M – $4.24M
NOI $254,562 @ 7.0% cap · market cap 6.53%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
363
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
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Market
Vacancy Rate% for Retail in South region
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Similar Off Market Nearby
- Christoper F. Pritchett, RPH — 111 Westgate Rd, Lafayette, LA 70506
- CVS — 111 Westgate Rd, Lafayette, LA 70506
- Myles R. Stelly, Pharm — 111 Westgate Rd, Lafayette, LA 70506
- Son Hoang — 111 Westgate Rd, Lafayette, LA 705062710
- CVS Pharmacy — 111 Westgate Rd, Lafayette, LA 70506, United States
Frequently Asked Questions
What type of property is this?
Drug store - A 15,381-square-foot retail property has tile flooring, central air, and public water and sewer service.
Where is this drug store located?
The property is located at 111 Westgate Road Lafayette, LA.
What is the asking price?
The asking price for this property is $3,900,000.
What are key features of this property?
This property features: 15,381 square feet on 1.96 acres; Adjacent to the West Village TND Development; Off‑street parking and a parking lot
