Listing Agency: Guidry & Co. Real Estate, Inc.

Listed By: Andrea Laborde · License #0995690746 Show Phone

Source: Athomerealtyla

Added: May 25 Changed: Oct 3 Last Checked: Oct 7 at 12:55PM

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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 Guidry & Co. Real Estate, Inc.

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Investment Insights

Based on property information with market context.

This offering includes five properties on 0.82 acres, with a total of over 21,000 sqft of buildings combined, a vacant corner lot, and a somewhat contiguous multi-use group of properties. The site features a combination of industrial buildings equipped with workshop space, ample storage, a fenced area, and dedicated parking areas. The properties are adaptable for a range of commercial mixed and light industrial operations. The location provides convenient access to downtown, the regional airport, Highway 90, and Interstate 10. The properties collectively offer frontage along Jefferson Street, Cleveland Street, West Taft Street, and General Mouton Avenue, providing visibility, multiple points of access, and operational flexibility. The property is located in an established and growing area.

Key Highlights

• Strategic location with convenient access to downtown, regional airport, Highway 90, and Interstate 10.
• Total of over 21,000 sqft of buildings combined on .82 acres.
• Combination of industrial buildings equipped with workshop space, ample storage, fenced area, and dedicated parking.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$92,525

Cap Rate

8.98%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,850,500 $1.9M

Cap Rate 7%

$1,321,786 $1.3M

Cap Rate 9%

$1,028,056 $1.0M

Is this asking price fair?

Market Conditions

NOI Build-Up for 21,119 SF

Gross rent

$149.5K $7.08/SF

− Vacancy

−$7.2K −$0.34/SF

EGI

$142.3K $6.74/SF

− OpEx

−$49.8K −$2.36/SF

NOI

$92.5K $4.38/SF

Area

Lafayette, LA

Vacancy

4.80%

Lease Rate

$7.08 /SF/Yr

Expense Ratio

35.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,850,500

Cap Rate 7%

$1,321,786

Cap Rate 9%

$1,028,056

Alternative Uses

Best Use

Industrial

$1.42M

$1.25M – $1.66M (±1% cap)

NOI $99,642 @ 7.0% cap · market cap 9.67%

Second Best

Flex RnD

$1.32M

$1.16M – $1.54M (±1% cap)

NOI $92,525 @ 7.0% cap · market cap 8.98%

Theoretical Best

Office A

$4.99M

$4.37M – $5.83M (±1% cap)

NOI $349,528 @ 7.0% cap · market cap 33.92%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Guidry Iron Works, ... Fabrication Engineer

Suggested Use

Top Pick HVAC Service Home Appliance Store Bakery (Bike/Boat/Book/etc) Store Locksmith Veterinary Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,733

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 70501, LA

28,721

Population

12,657

Households

2.3

Avg Household Size

38

Median Age

16%

College-Educated

78%

High-School Grad

15.3 sq mi

ZIP Area

1,877

Density / Sq Mi

$31,723

Median Household Income

$25,281

Median Earnings

$867

Median Rent

$117,200

Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - Multi-building industrial holding in the heart of Freetown.

Where is this flex space located?

The property is located at 1816 Jefferson St Lafayette, LA.

What is the asking price?

The asking price for this property is $1,030,300.

What are key features of this property?

This property features: Strategic location with convenient access to downtown, regional airport, Highway 90, and Interstate 10.; Total of over 21,000 sqft of buildings combined on .82 acres.; Combination of industrial buildings equipped with workshop space, ample storage, fenced area, and dedicated parking.