Multi-Building Industrial
For Sale
$1,030,300
1816 Jefferson Street, Lafayette, LA 70501
Commercial Sale, Lafayette, LA
Property Size21,119 SF
Lot Size0.82 Acres
Price / SF$48.79
Days on Market190
Property Features for 1816 Jefferson Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
IL & CM1
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2
Exterior features
Door Sign, Partially Fenced, OH Door > 20 Ft
Fencing
Partial
Subdivision
Barry Billeaud
Directions
Pinhook to Jefferson -all 4 buildings are across the street from each other
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
Legal 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
Sewer type
Public Sewer
Water source
Public
Building Details
Roof type
Metal
Listing Agency:
Guidry & Co. Real Estate, Inc.
(337) 984-4345
Listed By:
Andrea Laborde · License #0995690746
(337) 277-6503
Added: Apr 15
Changed: Oct 8
Last Checked: Oct 21 at 10:06PM
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.
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Investment Insights
Based on property information with market context.
Five properties across 0.82 acres form a multi-building commercial assemblage with 21,119 square feet of building area. The improvements include industrial buildings with workshop and storage space, a partially fenced area, dedicated parking areas, and an overhead door greater than 20 feet. A vacant corner lot is also part of the offering.
The properties have frontage along Jefferson Street, Cleveland Street, West Taft Street, and General Mouton Avenue. Access to Highway 90 and Interstate 10 is noted, along with proximity to downtown and the regional airport. Zoning is IL and CM1; public water and public sewer serve the property.
The properties have frontage along Jefferson Street, Cleveland Street, West Taft Street, and General Mouton Avenue. Access to Highway 90 and Interstate 10 is noted, along with proximity to downtown and the regional airport. Zoning is IL and CM1; public water and public sewer serve the property.
Key Highlights
- Five‑property assemblage on 0.82 acres
- 21,119 square feet of building area
- Zoned IL & CM1
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
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
Mixed Use
$3.48M
$3.05M – $4.07M
NOI $243,924 @ 7.0% cap · market cap 23.68%
Second Best
Warehouse
$1.73M
$1.51M – $2.02M
NOI $120,994 @ 7.0% cap · market cap 11.74%
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.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,516
Businesses Nearby
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Five-property commercial assemblage combines workshop and storage areas with a vacant corner lot.
Where is this mixed-use property 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: Five‑property assemblage on 0.82 acres; 21,119 square feet of building area; Zoned IL & CM1
