Climate-Controlled Flex
For Sale
$776,000
116 Eunice Street, Lafayette, LA 70508
Commercial Sale, Lafayette, LA
Property Size9,700 SF
Lot Size0.80 Acres
Price / SF$80
Days on Market48
Property Features for 116 Eunice Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
BG
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2
Parking features
Off Street, Parking Lot
Security features
Security System
Exterior features
Door Sign, Loading Dock/Well, OH Door 16 - 20 Ft
Lot features
Level
Directions
Take Pinhook from Kaliste Saloom toward Verot School Road. Take a left on Wilcox. The building and property will be on the right of Eunice Street.
Subdivision
G1
Standard status
Active
APN
6158090
Size
9,700 SF
Lot size
0.80 Acres
Taxes and HOA fees
Tax Description
LOT 1B SEC 50 T10S R4E (0.799 AC) (100.48X343.82X99.89X351.93)
Legal Description
LOT 1B SEC 50 T10S R4E (0.799 AC) (100.48X343.82X99.89X351.93)
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
restrooms
kitchen/break area
Building Details
Floors in Building
1
Flooring type
Wood, Concrete
Roof type
Metal
Listing Agency:
Coldwell Banker Trahan Real Estate Group
(337) 993-1414
Listed By:
Deanna Saizon · License #0995690261
(337) 501-9325
Added: Jul 16
Changed: Aug 21
Last Checked: Sep 1 at 3:06PM
MLS# 2600006583
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 9,700-square-foot flex property at 116 Eunice Street includes approximately 700 square feet of office area and 9,000 square feet of warehouse space. Heating and cooling serve the full building, while the interior includes two restrooms, a kitchen and break area, concrete and wood flooring, and a metal roof. A loading dock with a 16–20-foot overhead door supports shipping and receiving. Recent improvements include updated electrical service, new insulation throughout, and fresh interior paint.
The 0.8-acre property is located in Lafayette, Louisiana, with off-street parking and a parking lot. Public water serves the site, and BG zoning is in place. The open warehouse configuration provides adaptable space for manufacturing, distribution, contractor operations, storage, and other commercial uses.
The 0.8-acre property is located in Lafayette, Louisiana, with off-street parking and a parking lot. Public water serves the site, and BG zoning is in place. The open warehouse configuration provides adaptable space for manufacturing, distribution, contractor operations, storage, and other commercial uses.
Key Highlights
- 9,700‑square‑foot building with approximately 700 square feet of office and 9,000 square feet of warehouse space
- Climate control throughout the full 9,700 square feet
- Loading dock with a 16–20‑foot overhead door
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
Property Profile
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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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 - Industrial building combines office and warehouse functions with loading access.
Where is this flex space located?
The property is located at 116 Eunice Street 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‑square‑foot building with approximately 700 square feet of office and 9,000 square feet of warehouse space; Climate control throughout the full 9,700 square feet; Loading dock with a 16–20‑foot overhead door
