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 Market49
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: Sep 10
Last Checked: Sep 13 at 3:27PM
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
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 = 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
$55,573
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
7.16%
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%
$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
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
$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 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%
$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.
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
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
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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
