Office/Warehouse Light
For Sale
$410,000
305 Fairlane Dr, Lafayette, LA 70507
Flex office and warehouse space with private offices, kitchen, and 16' eave height under IL zoning.
Property Size4,135 SF
Price / SF$99.15
Days on Market41
Property Features for 305 Fairlane Dr
General Information
Standard status
Active
Size
4,135 SF
Property subtype
Industrial
Zoning
IL
Additional Details
Highway Access
Yes
Clear Height
16 ft
Building Details
Building Size
4,135 SF
Listing Agency:
Elifin Realty Lafayette
(501) 513-7394
Listed By:
Mark Johns · License #995715972
(501) 513-7394
Source:
Elifinrealty
Added: Jul 23
Changed: Aug 23
Last Checked: Sep 1 at 3:23PM
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 Elifin Realty Lafayette
Investment Insights
Based on property information with market context.
305 Fairlane Dr is an office/warehouse property with a flex-style layout that includes private office space and a kitchen. The warehouse component features a 16' eave height, making the space suitable for light industrial storage or operations.
The property is located within the industrial corridor near W Pont Des Mouton Rd, with stated access just off the roadway. It is described as approximately 3 minutes from I-49 and 5 minutes from I-10. The property is zoned IL (Industrial Light).
The property is located within the industrial corridor near W Pont Des Mouton Rd, with stated access just off the roadway. It is described as approximately 3 minutes from I-49 and 5 minutes from I-10. The property is zoned IL (Industrial Light).
Key Highlights
- ±4,135 SF office/warehouse located in the industrial corridor of W Pont Des Mouton Rd
- Flex space includes private offices and a kitchen
- Warehouse features ±16' eave height
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
$23,690
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
5.78%
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%
$473,800
$473.8K
Cap Rate 7%
$338,429
$338.4K
Cap Rate 9%
$263,222
$263.2K
Market Conditions
NOI Build-Up for 4,135 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
$29.3K $7.08/SF
− Vacancy
−$1.4K −$0.34/SF
EGI
$27.9K $6.74/SF
− OpEx
−$4.2K −$1.01/SF
NOI
$23.7K $5.73/SF
Area
Lafayette, LA
Vacancy
4.80%
Lease Rate
$7.08 /SF/Yr
Expense Ratio
15.00%
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%
$473,800
Cap Rate 7%
$338,429
Cap Rate 9%
$263,222
Alternative Uses
Best Use
Warehouse
$338.4K
$296.1K – $394.8K
NOI $23,690 @ 7.0% cap · market cap 5.78%
Second Best
Industrial
$278.7K
$243.9K – $325.2K
NOI $19,509 @ 7.0% cap · market cap 4.76%
Theoretical Best
Office A
$977.7K
$855.5K – $1.14M
NOI $68,436 @ 7.0% cap · market cap 16.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
16 ft
Clear height
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
151
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 70507, LA
17,791
Population
8,133
Households
2.2
Avg Household Size
36
Median Age
30%
College-Educated
92%
High-School Grad
21.4 sq mi
ZIP Area
831
Density / Sq Mi
$64,010
Median Household Income
$40,700
Median Earnings
$937
Median Rent
$206,700
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?
Flex space - Flex office and warehouse space with private offices, kitchen, and 16' eave height under IL zoning.
Where is this flex space located?
The property is located at 305 Fairlane Dr Lafayette, LA.
What is the asking price?
The asking price for this property is $410,000.
What are key features of this property?
This property features: ±4,135 SF office/warehouse located in the industrial corridor of W Pont Des Mouton Rd; Flex space includes private offices and a kitchen; Warehouse features ±16' eave height
