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    111 Westgate Rd Lafayette, LA 70506

    For Sale
    $4,276,128

    National tenant occupied commercial property near West Village TND Development.

    Property size:
    15,381 SF
    Lot size:
    1.91 Acres

    Property Features for 111 Westgate Rd

    General Information

    Size
    15,381 SF
    Lot size
    1.91 Acres

    Source: Scout Real Estate Co. Agent Jeff Landry

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

    Overview

    NNN Retail Investment Opportunity

    This commercial property, comprising 15381 square feet, presents an investment opportunity with a corporate guaranteed NNN lease. The property is located adjacent to the new West Village TND Development, situated in the heart of the West-Lafayette Parish Commercial Corridor.
    Location Intelligence

    Current Use by Public Records

    CVS Photo Print Shop CDReload - Online Bitcoin ... Money Transfer Service Coinhub Bitcoin ATM ... Atm Redbox Movie Rental Kiosk Christoper F. Pritchett, ... Pharmacy

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Auto Repair Shop Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lafayette
    County
    Lafayette
    State
    Louisiana
    Longitude
    -92.086525
    Latitude
    30.231754

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    FAQs

    What type of property is this?
    Retail space - National tenant occupied commercial property near West Village TND Development.
    Where is this retail space located?
    The property is located at 111 Westgate Rd Lafayette, LA.
    What is the asking price?
    The asking price for this property is $4,276,128.
    What are key features of this property?
    This property features: - Corporate guaranteed NNN lease; - Premium national tenant; - Located adjacent to the new West Village TND Development
    (337) 257-5380
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    111 Westgate Rd Lafayette, LA 70506
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    Lafayette, LA 70506
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    Realmo Value Estimation

    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.

    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.

    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
    111 Westgate Rd Lafayette, LA 70506
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