Fenced Flex Space with Roll-Up
For Sale
$169,900
1203 Cameron Street, Lafayette, LA 70501
COMMERCIAL - Lafayette, LA
Property Size2,200 SF
Lot Size0.35 Acres
Price / SF$77.23
Days on Market165
Property Features for 1203 Cameron Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
CM-1
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Parking features
Parking Lot, Off Street
Exterior features
Fully Fenced, OH Door 10 - 15 Ft
Fencing
Full
Subdivision
Mills Addition
Directions
North on University, right on Cameron St, travel .2 miles. Lot is on the right.
Standard status
Active
APN
6172663 & 6172664
Size
2,200 SF
Lot size
0.35 Acres
Taxes and HOA fees
Tax Description
W 21FT LOT 11 & E 30FT LOT 12 BLK 6 VORDENBAUMEN ADD (51X37.9X125X127.4)
Legal Description
W 21FT LOT 11 & E 30FT LOT 12 BLK 6 VORDENBAUMEN ADD (51X37.9X125X127.4)
Utilities
Water source
Public
Building Details
Floors in Building
1
Flooring type
Concrete
Building materials
Stucco
Roof type
Metal
Listing Agency:
Dream Home Realty, LLC
(337) 385-1187
Listed By:
Billy Pritchard · License #995715487
(337) 319-1544
Added: Mar 20
Changed: Aug 4
Last Checked: Aug 31 at 5:06PM
MLS# 2600002291
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 2,200-square-foot flex property at 1203 Cameron Street includes an office, half bath, kitchenette, and an approximately 2,000-square-foot open work area. The interior features built-in workbenches, shelving, a mud sink, concrete flooring, LED lighting, and a 14-foot roll-up door. Recent updates include exterior and roof painting, a stucco front, exterior dusk-to-dawn security lighting, a new 3-foot entry door, and updated plumbing and bathroom fixtures.
The 0.35-acre site provides approximately 125 feet of frontage on Cameron Street in a high-traffic commercial corridor. It includes a fully fenced side lot, limestone and concrete surfaces, two 10-foot gates, public water, and parking areas. The CM-1 zoning and combination of office, work, and outdoor storage areas support a range of commercial and industrial operations.
The 0.35-acre site provides approximately 125 feet of frontage on Cameron Street in a high-traffic commercial corridor. It includes a fully fenced side lot, limestone and concrete surfaces, two 10-foot gates, public water, and parking areas. The CM-1 zoning and combination of office, work, and outdoor storage areas support a range of commercial and industrial operations.
Key Highlights
- 2,200‑square‑foot flex building with approximately 2,000‑square‑foot open work area
- Approximately 125 feet of frontage on Cameron Street
- 0.35‑acre fully fenced site with additional side lot
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
$12,604
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
7.42%
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%
$252,080
$252.1K
Cap Rate 7%
$180,057
$180.1K
Cap Rate 9%
$140,044
$140.0K
Market Conditions
NOI Build-Up for 2,200 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
$15.6K $7.08/SF
− Vacancy
−$748 −$0.34/SF
EGI
$14.8K $6.74/SF
− OpEx
−$2.2K −$1.01/SF
NOI
$12.6K $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%
$252,080
Cap Rate 7%
$180,057
Cap Rate 9%
$140,044
Alternative Uses
Best Use
Warehouse
$180.1K
$157.6K – $210.1K
NOI $12,604 @ 7.0% cap · market cap 7.42%
Second Best
Industrial
$148.3K
$129.8K – $173.0K
NOI $10,380 @ 7.0% cap · market cap 6.11%
Theoretical Best
Office A
$520.2K
$455.1K – $606.9K
NOI $36,411 @ 7.0% cap · market cap 21.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
967
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 70501, LA
28,721
Population
12,657
Households
2.3
Avg Household Size
38
Median Age
16%
College-Educated
78%
High-School Grad
15.3 sq mi
ZIP Area
1,877
Density / Sq Mi
$31,723
Median Household Income
$25,281
Median Earnings
$867
Median Rent
$117,200
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
- G Dogs Mobile Cafe — 500 Jasmine St, Lafayette, LA 70506
- Jump In The Bayou LLC — 1506 Cameron St, Lafayette, LA 70501
Frequently Asked Questions
What type of property is this?
Flex space - CM-1-zoned facility with office space, an open work area, and dedicated storage features.
Where is this flex space located?
The property is located at 1203 Cameron Street Lafayette, LA.
What is the asking price?
The asking price for this property is $169,900.
What are key features of this property?
This property features: 2,200‑square‑foot flex building with approximately 2,000‑square‑foot open work area; Approximately 125 feet of frontage on Cameron Street; 0.35‑acre fully fenced site with additional side lot
