Mixed-Use Property with Barn
New
For Sale
$645,000
2435 East Milton Avenue, Youngsville, LA 70592
CM-1 zoning supports a commercial and residential mix across the property’s separate structures.
Property Size3,341 SF
Lot Size1.00 Acre
Days on Market6
Property Features for 2435 East Milton Avenue
General Information
Standard status
Active
Size
3,341 SF
Lot size
1.00 Acre
Property subtype
BO, MU, MF
Zoning
CM-1
Additional Details
Road Access
Yes
Building Details
Building Size
3,341 SF
Buildings
2
Listing Agency:
Keller Williams Realty Acadiana
Listed By:
Blake Landry · License #995709225
(337) 344-0850
Source:
Realnex
Added: Oct 14
Changed: Oct 16
Last Checked: Oct 19 at 3:13AM
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 Keller Williams Realty Acadiana
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Investment Insights
Based on property information with market context.
The mixed-use property includes a restored historic home and a separate barn apartment with a loft. The buildings sit on a 1-acre parcel beside a pond. CM-1 (Commercial Mixed-Use) zoning is in place.
Key Highlights
- 1‑acre parcel
- Restored historic home beside a pond
- Separate barn apartment with loft
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,565
Cap Rate
5.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$671,300
$671.3K
Cap Rate 7%
$479,500
$479.5K
Cap Rate 9%
$372,944
$372.9K
Market Conditions
NOI Build-Up for 3,341 SF
Gross rent
$60.1K $18.00/SF
− Vacancy
−$6.4K −$1.93/SF
EGI
$53.7K $16.07/SF
− OpEx
−$20.1K −$6.03/SF
NOI
$33.6K $10.05/SF
Area
Lafayette County, LA
Vacancy
10.70%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$671,300
Cap Rate 7%
$479,500
Cap Rate 9%
$372,944
Alternative Uses
Best Use
Mixed Use
$479.5K
$419.6K – $559.4K
NOI $33,565 @ 7.0% cap · market cap 5.20%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$789.9K
$691.2K – $921.6K
NOI $55,295 @ 7.0% cap · market cap 8.57%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
237
Businesses Nearby
Explore this area
Business Placement
Demographics for 70592, LA
28,975
Population
11,583
Households
2.5
Avg Household Size
34
Median Age
35%
College-Educated
95%
High-School Grad
42.5 sq mi
ZIP Area
682
Density / Sq Mi
$93,453
Median Household Income
$53,063
Median Earnings
$1,106
Median Rent
$239,000
Median Home Value
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Frequently Asked Questions
What type of property is this?
Mixed-use property - CM-1 zoning supports a commercial and residential mix across the property’s separate structures.
Where is this mixed-use property located?
The property is located at 2435 East Milton Avenue Youngsville, LA.
What is the asking price?
The asking price for this property is $645,000.
What are key features of this property?
This property features: 1‑acre parcel; Restored historic home beside a pond; Separate barn apartment with loft
