Two-Story Mixed-Use
For Sale
$1,450,000
4503 Johnston St, Lafayette, LA 70503
Office, retail, and climate-controlled warehouse areas are combined within one commercial property.
Property Size4,917 SF
Price / SF$294.90
Days on Market758
Property Features for 4503 Johnston St
General Information
Standard status
Active
Size
4,917 SF
Listing Agency:
EXP Realty, LLC
(337) 654-0691
Listed By:
Katelyn M Simon · License #995703803
(337) 654-0691
Source:
Exprealty
Added: Aug 4, 2024
Changed: Aug 31
Last Checked: Aug 30 at 9:34PM
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 EXP Realty, LLC
Investment Insights
Based on property information with market context.
Completed in 2018, this CH-zoned mixed-use building combines office, retail, warehouse, and storage components. The two-story office portion totals 2,387 SF, while the climate-controlled warehouse and retail area spans 2,530 SF and includes a 509 SF storage room build-out. The shop area has a 24-foot eave height, four electrically powered 12-foot by 15-foot overhead doors, and LED fluorescent lighting.
The property occupies the corner of Johnston St. and Camellia Blvd. within a retail development in Lafayette. The intersection records 42,000 vehicles passing daily, placing the building in a high-volume commercial setting. The site address is 4503 Johnston St, Lafayette, LA 70503.
The property occupies the corner of Johnston St. and Camellia Blvd. within a retail development in Lafayette. The intersection records 42,000 vehicles passing daily, placing the building in a high-volume commercial setting. The site address is 4503 Johnston St, Lafayette, LA 70503.
Key Highlights
- Mixed‑use building totaling 4,917 SF
- Two‑story office component with 2,387 SF
- Climate‑controlled warehouse and retail area of 2,530 SF
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
$57,219
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
3.95%
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%
$1,144,380
$1.1M
Cap Rate 7%
$817,414
$817.4K
Cap Rate 9%
$635,767
$635.8K
Market Conditions
NOI Build-Up for 4,917 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
$88.5K $18.00/SF
− Vacancy
−$12.2K −$2.48/SF
EGI
$76.3K $15.52/SF
− OpEx
−$19.1K −$3.88/SF
NOI
$57.2K $11.64/SF
Area
Lafayette, LA
Vacancy
13.80%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
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%
$1,144,380
Cap Rate 7%
$817,414
Cap Rate 9%
$635,767
Alternative Uses
Best Use
Office B
$817.4K
$715.2K – $953.7K
NOI $57,219 @ 7.0% cap · market cap 3.95%
Second Best
Mixed Use
$811.3K
$709.9K – $946.5K
NOI $56,791 @ 7.0% cap · market cap 3.92%
Theoretical Best
Office A
$1.16M
$1.02M – $1.36M
NOI $81,378 @ 7.0% cap · market cap 5.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
681
Businesses Nearby
Explore this area
Business Placement
Demographics for 70503, LA
27,497
Population
13,052
Households
2.1
Avg Household Size
38
Median Age
55%
College-Educated
96%
High-School Grad
11.3 sq mi
ZIP Area
2,433
Density / Sq Mi
$94,360
Median Household Income
$54,170
Median Earnings
$1,087
Median Rent
$326,800
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Office, retail, and climate-controlled warehouse areas are combined within one commercial property.
Where is this mixed-use property located?
The property is located at 4503 Johnston St Lafayette, LA.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: Mixed‑use building totaling 4,917 SF; Two‑story office component with 2,387 SF; Climate‑controlled warehouse and retail area of 2,530 SF
