Listing Agency: Keller Williams Realty Acadiana

Listed By: Lucius Hornsby · License #69258 Show Phone

Source: Lacdb.resimplifi

Added: Sep 4 Changed: Oct 26 Last Checked: Nov 3 at 3:05AM

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Investment Insights

Based on property information with market context.

This CH-zoned flex property provides 6,640 sqft. of combined office and warehouse space. The layout includes 1,000 sq.ft. of office space and over 5,500 sq.ft. of warehouse area, supporting a range of industrial operations and storage needs. Four roll-up doors provide direct access to the warehouse component.

The property occupies over half an acre and includes stabilized yard space for outdoor storage, staging, or equipment handling. Its combination of enclosed industrial area, dedicated office space, multiple roll-up doors, and usable yard area creates a practical configuration for an industrial owner-user or operator.

Key Highlights

• 6,640 sqft. of combined warehouse and office space
• 1,000 sq.ft. of office space
• Over 5,500 sq.ft. of warehouse space

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$31,328

Cap Rate

7.83%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$626,560 $626.6K

Cap Rate 7%

$447,543 $447.5K

Cap Rate 9%

$348,089 $348.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 6,640 SF

Gross rent

$47.0K $7.08/SF

− Vacancy

−$2.3K −$0.34/SF

EGI

$44.8K $6.74/SF

− OpEx

−$13.4K −$2.02/SF

NOI

$31.3K $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%

$626,560

Cap Rate 7%

$447,543

Cap Rate 9%

$348,089

Alternative Uses

Best Use

Warehouse

$543.4K

$475.5K – $634.0K (±1% cap)

NOI $38,041 @ 7.0% cap · market cap 9.51%

Second Best

Industrial

$447.5K

$391.6K – $522.1K (±1% cap)

NOI $31,328 @ 7.0% cap · market cap 7.83%

Theoretical Best

Office A

$1.57M

$1.37M – $1.83M (±1% cap)

NOI $109,895 @ 7.0% cap · market cap 27.47%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Law Firm Dental Office Bakery (Bike/Boat/Book/etc) Store Acupuncture Tanning Salon

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

621

Businesses Nearby

Under-served

Demand for This Use

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

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Frequently Asked Questions

What type of property is this?

Flex space - CH-zoned industrial property combining office space, warehouse capacity, roll-up access, and stabilized outdoor storage area.

Where is this flex space located?

The property is located at 130 Salsman St Lafayette, LA.

What is the asking price?

The asking price for this property is $400,000.

What are key features of this property?

This property features: 6,640 sqft. of combined warehouse and office space; 1,000 sq.ft. of office space; Over 5,500 sq.ft. of warehouse space