Listing Agency: Keller Williams Realty Acadiana j***@kw.com Show Phone

Listed By: Nah Senpeng · License #99562982 Show Phone

Source: Exprealty

Added: Apr 6, 2025 Changed: Oct 6 Last Checked: Oct 5 at 10:21PM

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Investment Insights

Based on property information with market context.

This property features retail space with a warehouse component, offering a prime opportunity for businesses seeking visibility and functionality. The property includes two units. Unit 1 comprises 3,891 square feet of office space and 4,065 square feet of warehouse space. Unit 2 includes 1,485 square feet of office space and 1,902 square feet of warehouse space. Recent updates include a roof that is 9 years old and an AC unit that is 11 years old. Electrical upgrades were completed in Unit A in 2015 and in Unit B in 2024. Situated in a high-traffic area, this property provides excellent exposure and ample space for operations, making it ideal for a variety of uses.

Key Highlights

• High‑traffic location provides excellent exposure.
• Two units offer flexibility for various business uses.
• Substantial space: Unit 1 offers 3,891 SF of office space + 4,065 SF of warehouse space, and Unit 2 offers 1,485 SF of office space + 1,902 SF of warehouse space.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$70,256

Cap Rate

7.40%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,405,120 $1.4M

Cap Rate 7%

$1,003,657 $1.0M

Cap Rate 9%

$780,622 $780.6K

Market Conditions

NOI Build-Up for 5,793 SF

Gross rent

$109.1K $18.84/SF

− Vacancy

−$8.8K −$1.51/SF

EGI

$100.4K $17.33/SF

− OpEx

−$30.1K −$5.20/SF

NOI

$70.3K $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%

$1,405,120

Cap Rate 7%

$1,003,657

Cap Rate 9%

$780,622

Alternative Uses

Best Use

Retail

$1.00M

$878.2K – $1.17M (±1% cap)

NOI $70,256 @ 7.0% cap · market cap 7.40%

Second Best

Warehouse

$474.1K

$414.9K – $553.2K (±1% cap)

NOI $33,189 @ 7.0% cap · market cap 3.49%

Theoretical Best

Office A

$1.37M

$1.20M – $1.60M (±1% cap)

NOI $95,876 @ 7.0% cap · market cap 10.09%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Communities United In Prayer Social Service Agency Ria Money Transfer ... Bank Gulf Medical Equipment Production Facility Mike's Home Furnishings Furniture & Home Goods Minimarket El Ahorro Grocery & Convenience Store

Suggested Use

Top Pick Law Firm Real Estate Agency HVAC Service Parking Lot & Garage Kitchen & Bath Showroom Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

940

Businesses Nearby

Explore this area Business Placement

Demographics for 70506, LA

39,801

Population

20,296

Households

2

Avg Household Size

36

Median Age

37%

College-Educated

91%

High-School Grad

20.8 sq mi

ZIP Area

1,914

Density / Sq Mi

$55,553

Median Household Income

$38,764

Median Earnings

$1,024

Median Rent

$215,700

Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

Questions? Ask Rey

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What type of property is this? Where is this retail space located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Retail space - Retail space with warehouse in high-traffic area, great exposure.

Where is this retail space located?

The property is located at 211 Guilbeau Rd Lafayette, LA.

What is the asking price?

The asking price for this property is $950,000.

What are key features of this property?

This property features: High‑traffic location provides excellent exposure.; Two units offer flexibility for various business uses.; Substantial space: Unit 1 offers 3,891 SF of office space + 4,065 SF of warehouse space, and Unit 2 offers 1,485 SF of office space + 1,902 SF of warehouse space.