Industrial Flex Facility with
For Sale
$600,000
Pending
221 Four Park Rd, Lafayette, LA 70507
Versatile office, warehouse, and stabilized yard configuration suited for industrial, service, distribution, or contractor operations.
Property Size5,320 SF
Lot Size0.69 Acres
Days on Market83
Property Features for 221 Four Park Rd
General Information
Standard status
Pending
Size
5,320 SF
Lot size
0.69 Acres
Additional Details
Highway Access
Yes
Listing Agency:
NextHome Cutting Edge Realty
(337) 412-1536
Listed By:
Kathleen H Theriot · License #995719006
(337) 412-1536
Source:
Exprealty
Added: Jun 1
Changed: Aug 20
Last Checked: Aug 21 at 10:35AM
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 NextHome Cutting Edge Realty
Investment Insights
Based on property information with market context.
This industrial flex facility combines office, warehouse, and yard space in one functional layout. The office portion includes approximately 1,700 square feet with seven private offices, a spacious breakroom/kitchen area, and two restrooms. The warehouse totals approximately 3,620 square feet and is divided into two sections, including about 1,700 square feet of climate-controlled space and an additional 1,920 square feet of traditional warehouse/storage area.
The property sits on approximately 0.69 acres and includes a stabilized yard area of roughly 0.43 acres, supporting practical outdoor storage, equipment staging, or fleet parking needs. It is located in North Lafayette just moments from I-49 via the Gloria Switch Road interchange, giving operators straightforward interstate access for day-to-day distribution and service activity.
For owner-users, tenants, or buyers seeking an industrial property that can support both administrative functions and warehouse operations, the mixed office and warehouse configuration is a workable fit. The presence of climate-controlled warehouse space also provides flexibility for inventory or equipment that benefits from temperature-controlled conditions, while the remaining warehouse/storage area can support general warehousing and operational throughput.
The property sits on approximately 0.69 acres and includes a stabilized yard area of roughly 0.43 acres, supporting practical outdoor storage, equipment staging, or fleet parking needs. It is located in North Lafayette just moments from I-49 via the Gloria Switch Road interchange, giving operators straightforward interstate access for day-to-day distribution and service activity.
For owner-users, tenants, or buyers seeking an industrial property that can support both administrative functions and warehouse operations, the mixed office and warehouse configuration is a workable fit. The presence of climate-controlled warehouse space also provides flexibility for inventory or equipment that benefits from temperature-controlled conditions, while the remaining warehouse/storage area can support general warehousing and operational throughput.
Key Highlights
- Industrial facility with combined office, warehouse, and stabilized yard space on ~0.69 acres
- Office area totals ~1,700 SF with seven private offices, breakroom/kitchen, and two restrooms
- Warehouse totals ~3,620 SF split into two sections: ~1,700 SF climate‑controlled and ~1,920 SF warehouse/storage
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
$30,479
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
5.08%
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%
$609,580
$609.6K
Cap Rate 7%
$435,414
$435.4K
Cap Rate 9%
$338,656
$338.7K
Market Conditions
NOI Build-Up for 5,320 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
$37.7K $7.08/SF
− Vacancy
−$1.8K −$0.34/SF
EGI
$35.9K $6.74/SF
− OpEx
−$5.4K −$1.01/SF
NOI
$30.5K $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%
$609,580
Cap Rate 7%
$435,414
Cap Rate 9%
$338,656
Alternative Uses
Best Use
Office B
$884.4K
$773.9K – $1.03M
NOI $61,909 @ 7.0% cap · market cap 10.32%
Second Best
Warehouse
$435.4K
$381.0K – $508.0K
NOI $30,479 @ 7.0% cap · market cap 5.08%
Theoretical Best
Office A
$1.26M
$1.10M – $1.47M
NOI $88,048 @ 7.0% cap · market cap 14.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
283
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 - Versatile office, warehouse, and stabilized yard configuration suited for industrial, service, distribution, or contractor operations.
Where is this flex space located?
The property is located at 221 Four Park Rd Lafayette, LA.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Industrial facility with combined office, warehouse, and stabilized yard space on ~0.69 acres; Office area totals ~1,700 SF with seven private offices, breakroom/kitchen, and two restrooms; Warehouse totals ~3,620 SF split into two sections: ~1,700 SF climate‑controlled and ~1,920 SF warehouse/storage
