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 Market804
Property Features for 4503 Johnston St
General Information
Standard status
Active
Size
4,917 SF
Listing Agency:
EXP Realty, LLC
(337) 522-7554
Listed By:
Katelyn M Simon · License #995697289
(337) 654-0691
Source:
Exprealty
Added: Aug 4, 2024
Changed: Oct 2
Last Checked: Oct 15 at 12:47AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
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 / Yr
$57,219
Cap Rate
3.95%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
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
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
