Turnkey Industrial
For Sale
$776,000
116 Eunice St, Lafayette, LA 70508
Turnkey industrial building with climate-controlled warehouse and office space, loading dock, and updated electrical and insulation.
Property Size9,700 SF
Price / SF$80
Days on Market94
Property Features for 116 Eunice St
General Information
Standard status
Active
Size
9,700 SF
Additional Details
Dock-High Doors
1
Amenities
climate-controlled
restrooms
full kitchen/break area
Listing Agency:
Coldwell Banker Trahan Real Estate Group
Listed By:
Deanna Saizon · License #0995690261
(337) 501-9325
Source:
Athomerealtyla
Added: Jul 28
Changed: Oct 25
Last Checked: Oct 7 at 1:56PM
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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Investment Insights
Based on property information with market context.
Turnkey industrial warehouse with climate-controlled space, offering a practical blend of office and warehouse functionality. The building includes approximately 700 square feet of office space and about 9,000 square feet of warehouse space within a total building area of 9,700 square feet. The layout features a loading dock with a roll-up door for shipping and receiving, two restrooms, and a full kitchen/break area. Heating and cooling are provided throughout the entire building, supporting year-round operations.
The property is located at 116 Eunice St, Lafayette, LA, and is offered as a move-in-ready option with extensive updates. Improvements noted include updated electrical, new insulation throughout the building, and fresh interior paint. The open warehouse layout is designed to support flexible operations and future customization for a range of commercial uses.
The property is located at 116 Eunice St, Lafayette, LA, and is offered as a move-in-ready option with extensive updates. Improvements noted include updated electrical, new insulation throughout the building, and fresh interior paint. The open warehouse layout is designed to support flexible operations and future customization for a range of commercial uses.
Key Highlights
- 9,700 SF industrial/commercial building with approx. 700 SF office and 9,000 SF warehouse space
- Climate‑controlled heating and cooling throughout the entire 9,700 SF
- Loading dock with roll‑up door for shipping and receiving
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,573
Cap Rate
7.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,111,460
$1.1M
Cap Rate 7%
$793,900
$793.9K
Cap Rate 9%
$617,478
$617.5K
Market Conditions
NOI Build-Up for 9,700 SF
Gross rent
$68.7K $7.08/SF
− Vacancy
−$3.3K −$0.34/SF
EGI
$65.4K $6.74/SF
− OpEx
−$9.8K −$1.01/SF
NOI
$55.6K $5.73/SF
Area
Lafayette, LA
Vacancy
4.80%
Lease Rate
$7.08 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,111,460
Cap Rate 7%
$793,900
Cap Rate 9%
$617,478
Alternative Uses
Best Use
Warehouse
$793.9K
$694.7K – $926.2K
NOI $55,573 @ 7.0% cap · market cap 7.16%
Second Best
Industrial
$653.8K
$572.1K – $762.8K
NOI $45,766 @ 7.0% cap · market cap 5.90%
Theoretical Best
Office A
$2.29M
$2.01M – $2.68M
NOI $160,539 @ 7.0% cap · market cap 20.69%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
1
Dock-high doors
Location Intelligence
Trade Area within ½ mile
1,638
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
Demographics for 70508, LA
40,343
Population
18,677
Households
2.2
Avg Household Size
38
Median Age
47%
College-Educated
94%
High-School Grad
24.3 sq mi
ZIP Area
1,660
Density / Sq Mi
$88,017
Median Household Income
$51,614
Median Earnings
$1,244
Median Rent
$299,200
Median Home Value
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Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Firehouse Subs Kaliste Saloom — 104 E Kaliste Saloom Rd #109, Lafayette, LA 70508
Frequently Asked Questions
What type of property is this?
Flex space - Turnkey industrial building with climate-controlled warehouse and office space, loading dock, and updated electrical and insulation.
Where is this flex space located?
The property is located at 116 Eunice St Lafayette, LA.
What is the asking price?
The asking price for this property is $776,000.
What are key features of this property?
This property features: 9,700 SF industrial/commercial building with approx. 700 SF office and 9,000 SF warehouse space; Climate‑controlled heating and cooling throughout the entire 9,700 SF; Loading dock with roll‑up door for shipping and receiving
