Multi-Building Industrial Holding in
For Sale
$1,030,300
1816 Jefferson St, Lafayette, LA 70501
Multi-building industrial holding in the heart of Freetown.
Property Size21,119 SF
Lot Size0.82 Acres
Price / SF$48.79
Days on Market135
Property Features for 1816 Jefferson St
General Information
Standard status
Active
Size
21,119 SF
Lot size
0.82 Acres
Listing Agency:
Guidry & Co. Real Estate, Inc.
(337) 277-6503
Listed By:
Andrea Laborde · License #0995690746
(337) 277-6503
Source:
Exprealty
Added: Apr 17
Changed: Aug 20
Last Checked: Aug 28 at 12:55PM
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.
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$92,525
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.98%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,850,500
$1.9M
Cap Rate 7%
$1,321,786
$1.3M
Cap Rate 9%
$1,028,056
$1.0M
Market Conditions
NOI Build-Up for 21,119 SF
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
NOI $99,642 @ 7.0% cap · market cap 9.67%
Second Best
Flex RnD
$1.32M
$1.16M – $1.54M
NOI $92,525 @ 7.0% cap · market cap 8.98%
Theoretical Best
Office A
$4.99M
$4.37M – $5.83M
NOI $349,528 @ 7.0% cap · market cap 33.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
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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.
