NNN 1031 Exchange
New
For Sale
$1,995,000
1235 Eraste Landry Rd, Lafayette, LA 70506
An industrial service facility offers a single-asset option for a 1031 exchange.
Property Size15,100 SF
Price / SF$132.12
Days on Market2
Property Features for 1235 Eraste Landry Rd
General Information
Standard status
Active
Size
15,100 SF
Property subtype
Industrial
Additional Details
Property Use
Industrial Service
Building Details
Building Size
15,100 SF
Year Built
1980
Listing Agency:
JRE Brokerage
Listed By:
Donnie Jarreau · License #BROK.32688-ACT
(225) 907-6028
Source:
Gojre
Added: Oct 30
Last Checked: Oct 30 at 3:25PM
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 JRE Brokerage
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The property is an industrial service facility comprising 15,100 square feet. It was built in 1980 and is identified as an NNN investment.
Located at 1235 Eraste Landry Road in Lafayette, the facility provides an industrial property address in the city.
Located at 1235 Eraste Landry Road in Lafayette, the facility provides an industrial property address in the city.
Key Highlights
- 15,100‑square‑foot industrial service facility
- NNN investment
- Built in 1980
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$71,243
Cap Rate
3.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,424,860
$1.4M
Cap Rate 7%
$1,017,757
$1.0M
Cap Rate 9%
$791,589
$791.6K
Market Conditions
NOI Build-Up for 15,100 SF
Gross rent
$106.9K $7.08/SF
− Vacancy
−$5.1K −$0.34/SF
EGI
$101.8K $6.74/SF
− OpEx
−$30.5K −$2.02/SF
NOI
$71.2K $4.72/SF
Area
Lafayette, LA
Vacancy
4.80%
Lease Rate
$7.08 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,424,860
Cap Rate 7%
$1,017,757
Cap Rate 9%
$791,589
Alternative Uses
Best Use
Industrial
$1.02M
$890.5K – $1.19M
NOI $71,243 @ 7.0% cap · market cap 3.57%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.57M
$3.12M – $4.17M
NOI $249,911 @ 7.0% cap · market cap 12.53%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
963
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
1031 exchange property - An industrial service facility offers a single-asset option for a 1031 exchange.
Where is this 1031 exchange property located?
The property is located at 1235 Eraste Landry Rd Lafayette, LA.
What is the asking price?
The asking price for this property is $1,995,000.
What are key features of this property?
This property features: 15,100‑square‑foot industrial service facility; NNN investment; Built in 1980
