Prime Land on Johnston
For Sale
$1,150,000
2513 Johnston St, Lafayette, LA 70503
1.3+/- acres of land ideal for redevelopment.
Property Size3,444 SF
Lot Size1.30 Acres
Price / SF$333.91
Days on Market529
Property Features for 2513 Johnston St
General Information
Standard status
Active
Size
3,444 SF
Lot size
1.30 Acres
Property subtype
Retail
Building Details
Year Built
1950
Listing Agency:
Scout Real Estate Co.
Listed By:
Anthony Moroux · License #995716708
(337) 257-8133
Source:
Lacdb.resimplifi
Added: May 6, 2025
Changed: Oct 14
Last Checked: Oct 14 at 7:44PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Scout Real Estate Co.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This property presents a rare opportunity to acquire approximately 1.3 acres of highly visible land situated along Johnston Street in Lafayette. The site includes a 3,010 square foot structure, previously a residence, that has been renovated for potential retail or commercial applications. The primary value of this property is the land itself, which is suitable for redevelopment. The location benefits from high traffic volume and offers various commercial possibilities.
Key Highlights
- 1.3+/- acres of highly visible land in the heart of Lafayette.
- Ideal for redevelopment in one of Lafayette's busiest corridors.
- High‑traffic location with endless commercial potentials.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,768
Cap Rate
3.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$835,360
$835.4K
Cap Rate 7%
$596,686
$596.7K
Cap Rate 9%
$464,089
$464.1K
Market Conditions
NOI Build-Up for 3,444 SF
Gross rent
$64.9K $18.84/SF
− Vacancy
−$5.2K −$1.51/SF
EGI
$59.7K $17.33/SF
− OpEx
−$17.9K −$5.20/SF
NOI
$41.8K $12.13/SF
Area
Lafayette, LA
Vacancy
8.04%
Lease Rate
$18.84 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$835,360
Cap Rate 7%
$596,686
Cap Rate 9%
$464,089
Alternative Uses
Best Use
Retail
$596.7K
$522.1K – $696.1K
NOI $41,768 @ 7.0% cap · market cap 3.63%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$814.3K
$712.5K – $950.0K
NOI $57,000 @ 7.0% cap · market cap 4.96%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,492
Businesses Nearby
Explore this area
Business Placement
Demographics for 70503, LA
27,497
Population
13,052
Households
2.1
Avg Household Size
38
Median Age
55%
College-Educated
96%
High-School Grad
11.3 sq mi
ZIP Area
2,433
Density / Sq Mi
$94,360
Median Household Income
$54,170
Median Earnings
$1,087
Median Rent
$326,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Commercial land - 1.3+/- acres of land ideal for redevelopment.
Where is this commercial land located?
The property is located at 2513 Johnston St Lafayette, LA.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: 1.3+/- acres of highly visible land in the heart of Lafayette.; Ideal for redevelopment in one of Lafayette's busiest corridors.; High‑traffic location with endless commercial potentials.
