Office and Warehouse Mixed-Use
For Sale
$1,450,000
4503 Johnston Street, Lafayette, LA 70503
Two-story offices are paired with climate-controlled warehouse and retail space.
Property Size4,917 SF
Price / SF$294.90
Days on Market817
Property Features for 4503 Johnston Street
General Information
Standard status
Active
Size
4,917 SF
Warehouse & Industrial
Clear Height
24 ft
Warehouse Space
2,530 SF
Office Build-Out
2,387 SF
Conditioned Warehouse
Yes
Additional Details
Road Access
Yes
Property Use
Office
Taxes and HOA fees
Annual Taxes
$9,736
Building Details
Buildings
1
Stories
2
Listing Agency:
eXp Realty, LLC
(337) 522-7554
Listed By:
Katelyn Simon · License #995697289
(337) 654-0691
Source:
Exprealty
Added: Aug 4, 2024
Changed: Oct 28
Last Checked: Oct 28 at 2:53PM
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.
This mixed-use property combines 2,387 SF of two-story office space with 2,530 SF of climate-controlled warehouse and retail area. The latter includes a 509 SF storage build-out, 24-foot eave height, and four electrically operated overhead doors, each measuring 12 feet by 15 feet. LED fluorescent fixtures provide lighting in the shop area.
At 4503 Johnston Street in Lafayette, the property occupies the corner of Johnston Street and Camellia Boulevard within a retail development. The intersection sees 42,000 vehicles daily.
At 4503 Johnston Street in Lafayette, the property occupies the corner of Johnston Street and Camellia Boulevard within a retail development. The intersection sees 42,000 vehicles daily.
Key Highlights
- 2,387 SF of office space across two stories
- 2,530 SF climate‑controlled warehouse and retail area
- 509 SF storage room build‑out
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
Lease Details
24 ft
Clear height
Yes
Paved road access
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 - Two-story offices are paired with climate-controlled warehouse and retail space.
Where is this mixed-use property located?
The property is located at 4503 Johnston Street 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: 2,387 SF of office space across two stories; 2,530 SF climate‑controlled warehouse and retail area; 509 SF storage room build‑out
