Former Car Dealership Redevelopment
1456 SURREY ST Lafayette, LA 70501
For Sale
Contact for pricing
Former dealership property with a sizable warehouse building and mostly stabilized concrete yard for vehicle- and equipment-focused operations.
Property Size2,500 SF
Lot Size0.95 Acres
Price / SF$240
Days on Market56
Property Features for 1456 SURREY ST
General Information
- Standard status
- Active
- Size
- 2,500 SF
- Lot size
- 0.95 Acres
- Property subtype
- Retail
Listing Agency:
Beacon Realty, LLC
Listed By:
Burton Richard · License #995700828
Source:
Crexi
Added: May 29
Changed: Jul 10
Last Checked: Jul 21 at 8:28AM
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 Beacon Realty, LLC
Investment Insights
Based on property information with market context.
This former car dealership property includes a ±12,500 SF building and a ±10.95-acre site. The majority of the outdoor area is stabilized with existing concrete surfacing, supporting immediate utility for vehicle sales, equipment storage, contractor operations, fleet services, or other commercial uses that benefit from hardstand parking and staging. The building and site are presented as an adaptable setup for owner-users, redevelopment, or buyers evaluating an industrial or automotive-aligned configuration.
The property is positioned in a highly accessible corridor near the airport and US Hwy 90. With strong visibility and easy access emphasized in the offering, the site is designed for practical day-to-day operations and convenient customer or workforce movement. The surrounding area includes activity associated with a newly developed amphitheater nearby, adding to the overall commercial context.
For tenants or buyers seeking a property that can support vehicle-related or storage-heavy business models, the concrete-stabilized yard and established dealership layout can help reduce initial operational friction. It may also fit redevelopment scenarios where an owner wants a large, already-improved site with an existing building in place rather than starting from raw land. Overall, the combination of a substantial enclosed space and a mostly stabilized outdoor yard supports a range of flexible commercial applications.
The property is positioned in a highly accessible corridor near the airport and US Hwy 90. With strong visibility and easy access emphasized in the offering, the site is designed for practical day-to-day operations and convenient customer or workforce movement. The surrounding area includes activity associated with a newly developed amphitheater nearby, adding to the overall commercial context.
For tenants or buyers seeking a property that can support vehicle-related or storage-heavy business models, the concrete-stabilized yard and established dealership layout can help reduce initial operational friction. It may also fit redevelopment scenarios where an owner wants a large, already-improved site with an existing building in place rather than starting from raw land. Overall, the combination of a substantial enclosed space and a mostly stabilized outdoor yard supports a range of flexible commercial applications.
Key Highlights
- Former car dealership property with a 2,500 SF building on 0.95 acres
- Most of the site is stabilized with existing concrete surfacing for vehicle and equipment use
- Commercial site layout suited for vehicle sales, equipment storage, contractor operations, or fleet services
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $47.1k | $18.84 |
| − Vacancy | −$3.8k | −$1.51 |
| EGI | $43.3k | $17.33 |
| − OpEx | −$13.0k | −$5.20 |
| NOI | $30.3k | $12.13 |
2,500 SF · lease $18.84/SF/yr · vacancy 8.04% · expense 30.00%
Alternative Uses
Best Use
Retail
$433.1K
$379.0K – $505.3K
NOI $30,319 @ 7.0% cap · market cap 5.05%
Second Best
Warehouse
$204.6K
$179.0K – $238.7K
NOI $14,323 @ 7.0% cap · market cap 2.39%
Theoretical Best
Office A
$591.1K
$517.2K – $689.6K
NOI $41,376 @ 7.0% cap · market cap 6.90%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Auto shops
Similar Off Market Nearby
- University Self Storage — 209 Lucille Ave, Lafayette, LA 70501
- Lafayette Parish Sheriff’s Office Marine Building — 110 Grissom Dr, Lafayette, LA 70508
- Exec-U-Store LLC — 209 Lucille Ave, Lafayette, LA 70501
- Lpss Warehouse — Lafayette, LA 70508
FAQs
What type of property is this?
Warehouse - Former dealership property with a sizable warehouse building and mostly stabilized concrete yard for vehicle- and equipment-focused operations.
Where is this warehouse located?
The property is located at 1456 SURREY ST Lafayette, LA.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Former car dealership property with a 2,500 SF building on 0.95 acres; Most of the site is stabilized with existing concrete surfacing for vehicle and equipment use; Commercial site layout suited for vehicle sales, equipment storage, contractor operations, or fleet services
