Engineered Mixed-Use Commercial
For Sale
Contact for pricing
1400 E Milton Ave, Lafayette, LA 70508
Civil engineering, replatting, and development approvals support flexible commercial site planning.
Property Size4,500 SF
Price / SF$0.00
Days on Market63
Property Features for 1400 E Milton Ave
General Information
Standard status
Active
Size
4,500 SF
Property subtype
Retail
Lease Type
NNN
Amenities
Power
Water
Natural Gas
Drive-Thru
Listing Agency:
Chase Group Realty, LLC
Listed By:
Chase Landry
(337) 541-8848
Source:
Lacdb.resimplifi
Added: Aug 15
Changed: Oct 1
Last Checked: Oct 14 at 7:50PM
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 Chase Group Realty, LLC
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Investment Insights
Based on property information with market context.
Approximately 6.25 acres are available at 1400 E Milton Ave within an approved mixed-use development. The site has completed civil engineering, replatting, traffic engineering, and development planning, with approvals involving Lafayette Consolidated Government, DOTD coordination for turning lanes, and DEQ approval for a private wastewater system.
The property can accommodate several transaction structures, including a build-to-suit project, ground lease, individual commercial pad sites, or acquisition of a larger portion of the master-planned development. Palmer Parc is being developed under coordinated architectural and landscaping standards and includes a scenic pond and fountain setting. The development team is also constructing its own office and retail building within the project.
Adjacent projects include The Reserve at Briarwood and the Milton Water District’s new water tower and water plant. A separate approximately 2-acre Palmer Parc property is available across the street under a separate listing.
The property can accommodate several transaction structures, including a build-to-suit project, ground lease, individual commercial pad sites, or acquisition of a larger portion of the master-planned development. Palmer Parc is being developed under coordinated architectural and landscaping standards and includes a scenic pond and fountain setting. The development team is also constructing its own office and retail building within the project.
Adjacent projects include The Reserve at Briarwood and the Milton Water District’s new water tower and water plant. A separate approximately 2-acre Palmer Parc property is available across the street under a separate listing.
Key Highlights
- Approximately 6.25 acres within an approved mixed‑use development
- Civil engineering, replatting, and development planning completed
- Lafayette Consolidated Government approvals in place
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,975
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,039,500
$1.0M
Cap Rate 7%
$742,500
$742.5K
Cap Rate 9%
$577,500
$577.5K
Market Conditions
NOI Build-Up for 4,500 SF
Gross rent
$94.5K $21.00/SF
− Vacancy
−$11.3K −$2.52/SF
EGI
$83.2K $18.48/SF
− OpEx
−$31.2K −$6.93/SF
NOI
$52.0K $11.55/SF
Area
Lafayette, LA
Vacancy
12.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,039,500
Cap Rate 7%
$742,500
Cap Rate 9%
$577,500
Alternative Uses
Best Use
Mixed Use
$742.5K
$649.7K – $866.3K
NOI $51,975 @ 7.0% cap · market cap 273,552.63%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.06M
$931.0K – $1.24M
NOI $74,477 @ 7.0% cap · market cap 391,984.21%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
41
Businesses Nearby
Explore this area
Business Placement
Demographics for 70508, LA
40,343
Population
18,677
Households
2.2
Avg Household Size
38
Median Age
47%
College-Educated
94%
High-School Grad
24.3 sq mi
ZIP Area
1,660
Density / Sq Mi
$88,017
Median Household Income
$51,614
Median Earnings
$1,244
Median Rent
$299,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Commercial land - Civil engineering, replatting, and development approvals support flexible commercial site planning.
Where is this commercial land located?
The property is located at 1400 E Milton Ave Lafayette, LA.
What are key features of this property?
This property features: Approximately 6.25 acres within an approved mixed‑use development; Civil engineering, replatting, and development planning completed; Lafayette Consolidated Government approvals in place
