Industrial Flex Warehouse with
For Sale
$845,000
Pending
200 Easy St, Lafayette, LA 70506
Industrial facility with finished office space, HVAC-equipped warehouse, high ceilings, two grade-level doors, and covered concrete area.
Property Size8,160 SF
Days on Market140
Property Features for 200 Easy St
General Information
Standard status
Pending
Size
8,160 SF
Site & Location
Highway Access
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Clear Height
19 ft
Drive-In Doors
2
Listing Agency:
Beacon Realty, LLC
(337) 257-4272
Listed By:
Beau C Bourque · License #995707136
(337) 257-4272
Source:
Exprealty
Added: Mar 27
Changed: Aug 8
Last Checked: Aug 12 at 2:08PM
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 Beacon Realty, LLC
Investment Insights
Based on property information with market context.
This +/- 8,160 SF industrial flex facility combines professionally finished office space with a warehouse designed for day-to-day operations. The building includes +/- 1,880 SF of office and +/- 6,280 SF of warehouse space, supported by HVAC in the warehouse area. Warehouse clear height features include 17'10'' eave height and a 19' peak ceiling height for flexible vertical storage and material handling.
Loading is supported by two oversized grade-level overhead doors measuring 14' high by 16' wide, and the site layout is designed to allow easy maneuverability and circulation of 18-wheelers. The property also includes approximately 5,400 SF of covered concrete area for outdoor storage, staging, or equipment protection.
Located within an industrial park just minutes from Interstate 10, the property also benefits from proximity to Lafayette Regional Airport, where UPS and FedEx air cargo facilities operate. The building is presented as like-new and offers immediate usability for owner-occupants or investors seeking a high-quality industrial asset.
Loading is supported by two oversized grade-level overhead doors measuring 14' high by 16' wide, and the site layout is designed to allow easy maneuverability and circulation of 18-wheelers. The property also includes approximately 5,400 SF of covered concrete area for outdoor storage, staging, or equipment protection.
Located within an industrial park just minutes from Interstate 10, the property also benefits from proximity to Lafayette Regional Airport, where UPS and FedEx air cargo facilities operate. The building is presented as like-new and offers immediate usability for owner-occupants or investors seeking a high-quality industrial asset.
Key Highlights
- +/-8,160 SF industrial facility in an industrial park minutes from Interstate 10
- +/-1,880 SF professionally finished office space plus +/-6,280 SF warehouse for admin and operations
- HVAC‑equipped warehouse with 17'10" eave height and 19' peak ceiling height
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
$46,750
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
5.53%
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%
$935,000
$935.0K
Cap Rate 7%
$667,857
$667.9K
Cap Rate 9%
$519,444
$519.4K
Market Conditions
NOI Build-Up for 8,160 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
$57.8K $7.08/SF
− Vacancy
−$2.8K −$0.34/SF
EGI
$55.0K $6.74/SF
− OpEx
−$8.2K −$1.01/SF
NOI
$46.7K $5.73/SF
Area
Lafayette, LA
Vacancy
4.80%
Lease Rate
$7.08 /SF/Yr
Expense Ratio
15.00%
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%
$935,000
Cap Rate 7%
$667,857
Cap Rate 9%
$519,444
Alternative Uses
Best Use
Office B
$1.36M
$1.19M – $1.58M
NOI $94,958 @ 7.0% cap · market cap 11.24%
Second Best
Warehouse
$667.9K
$584.4K – $779.2K
NOI $46,750 @ 7.0% cap · market cap 5.53%
Theoretical Best
Office A
$1.93M
$1.69M – $2.25M
NOI $135,051 @ 7.0% cap · market cap 15.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
19 ft
Clear height
2
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
646
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 70506, LA
39,801
Population
20,296
Households
2
Avg Household Size
36
Median Age
37%
College-Educated
91%
High-School Grad
20.8 sq mi
ZIP Area
1,914
Density / Sq Mi
$55,553
Median Household Income
$38,764
Median Earnings
$1,024
Median Rent
$215,700
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Industrial facility with finished office space, HVAC-equipped warehouse, high ceilings, two grade-level doors, and covered concrete area.
Where is this flex space located?
The property is located at 200 Easy St Lafayette, LA.
What is the asking price?
The asking price for this property is $845,000.
What are key features of this property?
This property features: +/-8,160 SF industrial facility in an industrial park minutes from Interstate 10; +/-1,880 SF professionally finished office space plus +/-6,280 SF warehouse for admin and operations; HVAC‑equipped warehouse with 17'10" eave height and 19' peak ceiling height
