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    5530 Johnston St Lafayette, LA 70503

    For Sale
    $2,455,000

    Fully occupied retail strip center in Lafayette, Louisiana.

    Property size:
    8,981 SF
    Lot size:
    1.10 Acres

    Property Features for 5530 Johnston St

    General Information

    Size
    8,981 SF
    Lot size
    1.10 Acres

    Source: STRIVE Agent Andrew Williams

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

    Overview

    Lafayette Strip Center For Sale

    This retail property is a strip center located in Lafayette, Louisiana. The property is 100% occupied with long-term NNN leases and a weighted average lease term (WALT) of 6.6 years. The location offers high visibility with over 35,173 vehicles per day (VPD) on Johnston Street and 40,605 VPD on Ambassador Caffery. Multiple points of ingress and egress facilitate traffic flow. The surrounding area has strong demographics, with a population exceeding 124,000 within a 5-mile radius and an average household income of $92,236. National retailers in the vicinity include Walmart, TJ Maxx, Sam’s Club, Dillard’s, Chick-Fil-A, Starbucks, PetSmart, Aspen Dental, Office Depot, Michaels, Best Buy, Home Depot, Lowes, Texas Roadhouse and Olive Garden. The property contains 8,981 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    Any Lab Test ... Blood Testing Service Dogtopia of South Lafayette Dog Day Care Center Miracle-Ear Hearing Aid ... Hearing Aid Store

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Lafayette
    County
    Lafayette
    State
    Louisiana
    Longitude
    -92.0740603
    Latitude
    30.1794043

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    FAQs

    What type of property is this?
    Strip mall - Fully occupied retail strip center in Lafayette, Louisiana.
    Where is this strip mall located?
    The property is located at 5530 Johnston St Lafayette, LA.
    What is the asking price?
    The asking price for this property is $2,455,000.
    What are key features of this property?
    This property features: - 100% Occupied with Long Term NNN Leases, providing Stable Cash Flow; - **Excellent Location with High Visibility:** Over 35,173 VPD on Johnston St & 40,605 VPD on Ambassador Caffery; - Strong Demographics: Population Exceeds 124,000 Within a 5-Mile Radius & an Average Household Income of $92,236
    (469) 844-8039
    Request Owner's contact information
    5530 Johnston St Lafayette, LA 70503
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    Lafayette, LA 70503
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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
    5530 Johnston St Lafayette, LA 70503
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