Flex Space with Overhead
For Sale
Contact for pricing
111 Westmark Boulevard, Lafayette, LA 70506
A vacant commercial unit combines showroom, office, and warehouse areas for a range of business uses.
Property Size3,500 SF
Price / SF$1.50
Days on Market3030
Property Features for 111 Westmark Boulevard
General Information
Standard status
Active
Size
3,500 SF
Additional Details
Road Access
Yes
Property Use
Retail/Showroom/Office and Warehouse
Amenities
exterior overhead door
Listing Agency:
Coldwell Banker Trahan Real Estate Group
(337) 993-1414
Listed By:
Susan Chauffe · License #0995693058
(337) 739-7435
Source:
Exprealty
Added: Jul 15, 2018
Changed: Oct 28
Last Checked: Oct 28 at 4:54PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Trahan Real Estate Group
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 3,500-square-foot flex property at 111 Westmark Boulevard has space suited to showroom, office, and warehouse functions. An exterior overhead door supports the warehouse component, and the unit is vacant.
Westmark Boulevard connects Ambassador Caffery near Sam's Club with Johnston Street near Chick-fil-A. The property is positioned along that corridor in Lafayette.
Westmark Boulevard connects Ambassador Caffery near Sam's Club with Johnston Street near Chick-fil-A. The property is positioned along that corridor in Lafayette.
Key Highlights
- 3,500‑square‑foot flex property
- Exterior overhead door
- Showroom, office, and warehouse configuration
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,334
Suggested Prices Based on Cap Rates
Cap Rate 5%
$306,680
$306.7K
Cap Rate 7%
$219,057
$219.1K
Cap Rate 9%
$170,378
$170.4K
Market Conditions
NOI Build-Up for 3,500 SF
Gross rent
$24.8K $7.08/SF
− Vacancy
−$1.2K −$0.34/SF
EGI
$23.6K $6.74/SF
− OpEx
−$8.3K −$2.36/SF
NOI
$15.3K $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%
$306,680
Cap Rate 7%
$219,057
Cap Rate 9%
$170,378
Alternative Uses
Best Use
Retail
$606.4K
$530.6K – $707.5K
NOI $42,447 @ 7.0% cap · market cap 808.51%
Second Best
Warehouse
$286.5K
$250.7K – $334.2K
NOI $20,052 @ 7.0% cap · market cap 381.94%
Theoretical Best
Office A
$827.5K
$724.1K – $965.4K
NOI $57,926 @ 7.0% cap · market cap 1,103.35%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
887
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Kevin Killion services — 203 Bonaire Dr, Lafayette, LA 70506
Frequently Asked Questions
What type of property is this?
Flex space - A vacant commercial unit combines showroom, office, and warehouse areas for a range of business uses.
Where is this flex space located?
The property is located at 111 Westmark Boulevard Lafayette, LA.
What are key features of this property?
This property features: 3,500‑square‑foot flex property; Exterior overhead door; Showroom, office, and warehouse configuration
