Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    102 Gregg St Carencro, LA 70520

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $300,000

    Office building with rental cottage and billboard income opportunity.

    Property size:
    1,737 SF

    Property Features for 102 Gregg St

    General Information

    Size
    1,737 SF

    We can help!

    Listing Contact
    Dewitt David
    Dewitt David
    Source: Naiglobal

    Listing Agent: Dewitt David

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Office Building with Rental Cottage

    This property at 102 Gregg Street in Carencro, Louisiana, features two buildings: a 1,335-square-foot office building and a 402-square-foot cottage. The office building, formerly a chiropractor's office, includes a waiting room, reception area, five private offices, a break room with washer and dryer connections, a full restroom with a tub and shower, and an ADA-compliant restroom. The cottage contains a living room/kitchen area, a full bath, and one bedroom. The cottage has been previously leased for $700 per month. The property also offers additional income from an onsite billboard, currently renting for $5,000 per year. All appliances will remain with the property. The property is located on the corner of NW Frontage Road and Gregg Street, providing visibility from Interstate 49.
    Location Intelligence

    Current Use by Public Records

    Office buildings

    Map

    City
    Carencro
    County
    Lafayette
    State
    Louisiana
    Longitude
    -92.0496
    Latitude
    30.3321

    Nearby Similar for Sale

    • $2,250,000
      7,752 SF

      Equestrian Center on Coteau Ridge

      State-of-the-art equestrian center on 62 acres in Carencro, Louisiana.
      110 Blue Ridge Dr, Carencro, LA 70520
      View Details
    • $3,100,000
      7,742 SF

      Equestrian Center on Coteau Ridge

      State-of-the-art equestrian center on 100 acres in Carencro, Louisiana.
      110 Blue Ridge Dr, Carencro, LA 70520
      View Details
    • New
      $350,000
      3,200 SF

      Carencro Farm with Modern Comfort

      Spacious Carencro property with main home, suite, and barn.
      308 Stelly Rd, Carencro, LA 70520
      View Details
    • $1,150,000
      4,414 SF

      Carencro Estate with Pond and Pastures

      Spacious 5-bedroom estate on 11+ acres with pond and pastures.
      1319 W Gloria Switch Rd, Carencro, LA 70520
      View Details
    • $750,000
      4,414 SF

      Spacious Estate in Carencro, Louisiana

      5-bedroom estate on 5 acres near I-10 and I-49.
      1319 W Gloria Switch Rd, Carencro, LA 70520
      View Details
    • $3,686,530
      11,403 SF

      Carencro Retail Investment Opportunity

      Fully occupied retail center in high-growth Carencro corridor.
      3730 NE Evangeline Trwy, Carencro, LA 70520
      View Details
    • $600,000
      0.59 Acres

      Carencro Office Building - $600K

      High-visibility Carencro office, ideal for retail.
      601 Church St, Carencro, LA 70520
      View Details
    • $900,000
      16,068 SF

      Prime Lafayette Industrial Property

      Fully equipped, 16,068 SF industrial space
      338 Thoroughbred Dr, Carencro, LA 70507
      View Details

    FAQs

    What type of property is this?
    Office building - Office building with rental cottage and billboard income opportunity.
    Where is this office building located?
    The property is located at 102 Gregg St Carencro, LA.
    What is the asking price?
    The asking price for this property is $300,000.
    What are key features of this property?
    This property features: - Income-producing property: Includes a rental cottage (previously leased for $700/month) and a billboard ($5,000/year).; - Two buildings: A 1,335 SF office building and a 402 SF cottage.; - **High visibility: Located on the corner of NW Frontage Road and Gregg Street, with great visibility from Interstate 49.**
    (337) 298-6169
    Request Owner's contact information
    102 Gregg St Carencro, LA 70520
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    102 Gregg St
    Carencro, LA 70520
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    102 Gregg St Carencro, LA 70520
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Dewitt David
    Dewitt David
    Real Estate License ID: 46838
    (337) 298-6169
    Learn more
    Google sign-in failed. Please try again or use another login method.