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    Multi-Building Industrial Holding in Freetown Title is generated by Realmo AI

    1816 Jefferson Street, Lafayette, LA 70501

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    Claim this Listing
    For Sale
    $1,030,300

    COMMERCIAL - Lafayette, LA

    Property size:
    21,119 SF
    Lot size:
    0.82 Acres
    Price / SF:
    $48/SF
    Added:
    Apr 15, 2026
    Days on Market:
    37
    Last Refresh:
    May 21 at 7:06 am

    Property Features for 1816 Jefferson Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    IL & CM1
    Bathrooms
    2
    Rooms
    Bathroom 1, Bathroom 2
    Exterior features
    Door Sign, Partially Fenced, OH Door > 20 Ft
    Fencing
    Partial
    Standard status
    Active
    APN
    6022438
    Size
    21,119 SF
    Lot size
    0.82 Acres

    Taxes and HOA fees

    Tax Description
    Tract II on plat of survey in Barry Billeaud Sub. .21 of an acre Lots 6-7 blk 6 Barry Billeaud Add (50 x 115) Lots 8-9 blk 6 Barry Billeaud Add Lots 13-14 blk 6 Barry Billeaud Add Lot 15blk 6 Barry Billeaud Add Lots 18-19 blk 6 Barry Billeaud Add 50x 125

    Utilities

    Water source
    Public

    Building Details

    Roof type
    Metal

    We can help!

    Listing Contact
    Andrea Laborde
    Andrea Laborde

    Listing agent Andrea Laborde License #0995690746

    Listing office Guidry & Co. Real Estate, Inc. P.O. Box 80508, Lafayette, LA

    Listing date Apr 15, 2026

    MLS# 2600003319

    Copyright © 2026 Realtor Association of Acadiana. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Strategic location with convenient access to downtown, regional airport, Highway 90, and Interstate 10.
    • Five properties on .82 acres with over 21,000 sqft of combined building space.
    • Combination of industrial buildings equipped with workshop space and ample storage.
    • Excellent visibility and multiple access points with frontage on four streets.
    • Fenced area and dedicated parking areas.
    • Adaptable for a range of commercial, mixed‑use, and light industrial operations.

    Overview

    This multi-building industrial holding is located in the heart of Freetown. The offering includes five properties on 0.82 acres, with a total of over 21,000 square feet 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, making it adaptable for a range of commercial mixed and light industrial operations. The property's location provides convenient access to downtown, the regional airport, Highway 90, and Interstate 10, positioning it for logistics, distribution, or service-based businesses. 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 zoning is IL & CM1. This property is located in Lafayette, LA 70501, Lafayette Parish.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Guidry Iron Works, ... Fabrication Engineer

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Law Firm Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • G Dogs Mobile Cafe — 500 Jasmine St, Lafayette, LA 70506
    • ESS Support Services Worldwide — 503 W Pinhook Rd, Lafayette, LA 70503

    Location Insight

    • Map
    • Local Demand
    City
    Lafayette
    County
    Lafayette
    State
    Louisiana
    Longitude
    -92.011091
    Latitude
    30.215362

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    FAQs

    What type of property is this?
    Flex space - Multi-building industrial property in the heart of Freetown.
    Where is this flex space located?
    The property is located at 1816 Jefferson Street 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.; Five properties on .82 acres with over 21,000 sqft of combined building space.; Combination of industrial buildings equipped with workshop space and ample storage.
    (337) 277-6503
    We can help!
    Listing Contact
    Andrea Laborde
    Andrea Laborde
    Real Estate License ID: 0995690746
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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