Climate-Controlled Flex
For Sale
$699,000
116 Eunice Street, Lafayette, LA 70508
Commercial Sale, Lafayette, LA
Property Size9,700 SF
Lot Size0.80 Acres
Price / SF$72.06
Days on Market106
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
Parking Lot
Security features
Security System
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
Additional Details
Property Use
Industrial Warehouse
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
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
two restrooms
full kitchen/break area
Building Details
Floors in Building
1
Flooring type
Concrete, Wood
Building materials
Brick, Metal Siding
Roof type
Metal
Buildings
1
Listing Agency:
Coldwell Banker Trahan Real Estate Group
(337) 993-1414
Listed By:
Deanna Saizon · License #0995690261
(337) 501-9325
Added: Jul 16
Changed: Oct 28
Last Checked: Oct 29 at 6:06AM
MLS# 2600006583
Copyright © 2026 ROAM MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This Lafayette flex property contains 9,700 square feet, divided into approximately 700 square feet of office area and 9,000 square feet of warehouse space. Central heating and air conditioning serve the full building. A loading dock with a roll-up door supports shipping and receiving, while two restrooms and a full kitchen and break area provide additional functional space. Recent work includes electrical updates, new insulation throughout, and interior painting.
The building sits on 0.8 acres at 116 Eunice Street. Site features include a parking lot, public water and sewer, and natural gas availability. BG zoning is reported for the property.
The building sits on 0.8 acres at 116 Eunice Street. Site features include a parking lot, public water and sewer, and natural gas availability. BG zoning is reported for the property.
Key Highlights
- 9,700‑square‑foot building with approximately 700 square feet of office space and 9,000 square feet of warehouse space
- Central heating and air conditioning throughout the 9,700‑square‑foot building
- Loading dock fitted with a roll‑up door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,573
Cap Rate
7.95%
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 7.95%
Second Best
Industrial
$653.8K
$572.1K – $762.8K
NOI $45,766 @ 7.0% cap · market cap 6.55%
Theoretical Best
Office A
$2.29M
$2.01M – $2.68M
NOI $160,539 @ 7.0% cap · market cap 22.97%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
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
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 - Office and warehouse areas include a loading dock, two restrooms, and a full kitchen and break area.
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 $699,000.
What are key features of this property?
This property features: 9,700‑square‑foot building with approximately 700 square feet of office space and 9,000 square feet of warehouse space; Central heating and air conditioning throughout the 9,700‑square‑foot building; Loading dock fitted with a roll‑up door
