Two-Building Flex Space
For Sale
$425,000
201 Marcon Dr, Lafayette, LA 70507
Two leased units combine office, warehouse, and retail areas with NNN lease structures and shared parking.
Property Size5,000 SF
Price / SF$85
Days on Market33
Property Features for 201 Marcon Dr
General Information
Standard status
Active
Size
5,000 SF
Additional Details
Gross Income
$40,800
Building Details
Buildings
2
Listing Agency:
EXP Realty, LLC
(337) 522-7554
Listed By:
Dustan Quebodeaux · License #995710328
Source:
Athomerealtyla
Added: Jul 31
Changed: Aug 29
Last Checked: Aug 31 at 6:36PM
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 EXP Realty, LLC
Investment Insights
Based on property information with market context.
This flex space property includes two separate buildings within a shared parking lot, totaling approximately 5,000 square feet. Unit A contains approximately 3,030 square feet, with 2,250 square feet of office space and 780 square feet of warehouse space. Its layout includes a main office, two front offices, a rear private office, and one overhead door. Unit B offers approximately 2,000 square feet with 330 square feet of office space, 1,150 square feet of warehouse space, and 200 square feet of retail area. It also includes two front offices, a smaller office within the warehouse, and two overhead doors.
Both units are currently leased under triple net (NNN) agreements. The shared parking lot serves both buildings, while the combination of office, warehouse, retail, and overhead-door space supports a range of commercial operations. The property is located at 201 Marcon Dr in Lafayette, Louisiana.
Both units are currently leased under triple net (NNN) agreements. The shared parking lot serves both buildings, while the combination of office, warehouse, retail, and overhead-door space supports a range of commercial operations. The property is located at 201 Marcon Dr in Lafayette, Louisiana.
Key Highlights
- Two buildings totaling approximately 5,000 square feet
- Unit A: approximately 3,030 square feet with 2,250 square feet of office and 780 square feet of warehouse space
- Unit B: approximately 2,000 square feet with office, warehouse, and retail areas
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
$28,646
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
6.74%
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%
$572,920
$572.9K
Cap Rate 7%
$409,229
$409.2K
Cap Rate 9%
$318,289
$318.3K
Market Conditions
NOI Build-Up for 5,000 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
$35.4K $7.08/SF
− Vacancy
−$1.7K −$0.34/SF
EGI
$33.7K $6.74/SF
− OpEx
−$5.1K −$1.01/SF
NOI
$28.6K $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%
$572,920
Cap Rate 7%
$409,229
Cap Rate 9%
$318,289
Alternative Uses
Best Use
Office B
$831.2K
$727.3K – $969.8K
NOI $58,185 @ 7.0% cap · market cap 13.69%
Second Best
Warehouse
$409.2K
$358.1K – $477.4K
NOI $28,646 @ 7.0% cap · market cap 6.74%
Theoretical Best
Office A
$1.18M
$1.03M – $1.38M
NOI $82,752 @ 7.0% cap · market cap 19.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
180
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 70507, LA
17,791
Population
8,133
Households
2.2
Avg Household Size
36
Median Age
30%
College-Educated
92%
High-School Grad
21.4 sq mi
ZIP Area
831
Density / Sq Mi
$64,010
Median Household Income
$40,700
Median Earnings
$937
Median Rent
$206,700
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 - Two leased units combine office, warehouse, and retail areas with NNN lease structures and shared parking.
Where is this flex space located?
The property is located at 201 Marcon Dr Lafayette, LA.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Two buildings totaling approximately 5,000 square feet; Unit A: approximately 3,030 square feet with 2,250 square feet of office and 780 square feet of warehouse space; Unit B: approximately 2,000 square feet with office, warehouse, and retail areas
