NNN-Leased Industrial
208 Annonce Street, Lafayette, LA 70507
For Sale
Contact for pricing
The property combines office and warehouse areas with a covered equipment shelter and an adjoining vacant lot included in the lease.
Property Size2,320 SF
Price / SF$0.86
Days on Market252
Property Features for 208 Annonce Street
General Information
Standard status
Size
Warehouse & Industrial
Warehouse Space
Office Build-Out
Taxes and HOA fees
Annual Taxes
Building Details
Buildings
Listing Agency:
Rayne Realty Co, Inc
(337) 334-5152
Listed By:
Kody Romero · License LA #995706775
(337) 522-6394
Source:
Exprealty
Added: Mar 3
Changed: Nov 4
Last Checked: Nov 8 at 8:04AM
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 Rayne Realty Co, Inc
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Investment Insights
Based on property information with market context.
This NNN-leased industrial property contains approximately 16-by-40-foot office space attached to a 42-by-40-foot warehouse. A covered area behind the building provides shelter for equipment, and the lease also includes a large vacant lot to the north.
The property is located at 208 Annonce Street in Lafayette, Louisiana.
The property is located at 208 Annonce Street in Lafayette, Louisiana.
Key Highlights
- Approximately 16‑by‑40‑foot office area
- Attached warehouse measuring 42‑by‑40 feet
- Covered area behind the building for equipment shelter
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,164
Suggested Prices Based on Cap Rates
Cap Rate 5%
$203,280
$203.3K
Cap Rate 7%
$145,200
$145.2K
Cap Rate 9%
$112,933
$112.9K
Market Conditions
NOI Build-Up for 2,320 SF
Gross rent
$16.4K $7.08/SF
− Vacancy
−$788 −$0.34/SF
EGI
$15.6K $6.74/SF
− OpEx
−$5.5K −$2.36/SF
NOI
$10.2K $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%
$203,280
Cap Rate 7%
$145,200
Cap Rate 9%
$112,933
Alternative Uses
Best Use
Warehouse
$189.9K
$166.2K – $221.5K
NOI $13,292 @ 7.0% cap
Second Best
Industrial
$156.4K
$136.8K – $182.4K
NOI $10,946 @ 7.0% cap
Theoretical Best
Office A
$548.5K
$480.0K – $640.0K
NOI $38,397 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
160
Businesses Nearby
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
NNN property - The property combines office and warehouse areas with a covered equipment shelter and an adjoining vacant lot included in the lease.
Where is this nnn property located?
The property is located at 208 Annonce Street Lafayette, LA.
What are key features of this property?
This property features: Approximately 16‑by‑40‑foot office area; Attached warehouse measuring 42‑by‑40 feet; Covered area behind the building for equipment shelter
