Retail Space with
For Sale
$1,000,000
211 Guilbeau Rd, Lafayette, LA 70506
Retail space with warehouse in high-traffic area, great exposure.
Property Size5,793 SF
Lot Size0.76 Acres
Price / SF$172.62
Days on Market505
Property Features for 211 Guilbeau Rd
General Information
Standard status
Active
Size
5,793 SF
Lot size
0.76 Acres
Listing Agency:
Keller Williams Realty Acadiana
(337) 349-8869
Listed By:
Nah Senpeng · License #99562982
(337) 349-8869
Source:
Exprealty
Added: Apr 6, 2025
Changed: Aug 23
Last Checked: Aug 23 at 2:55AM
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 Keller Williams Realty Acadiana
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 = 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
$70,256
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
7.03%
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%
$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
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
$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 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%
$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
NOI $70,256 @ 7.0% cap · market cap 7.03%
Second Best
Warehouse
$474.1K
$414.9K – $553.2K
NOI $33,189 @ 7.0% cap · market cap 3.32%
Theoretical Best
Office A
$1.37M
$1.20M – $1.60M
NOI $95,876 @ 7.0% cap · market cap 9.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
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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 $1,000,000.
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.
