Climate-Controlled Flex
For Sale
$815,000
302 Toledo Dr Unit 0, Lafayette, LA 70506
Open commercial layout with two roll-up doors and access to I-10.
Property Size9,029 SF
Price / SF$90.26
Days on Market63
Property Features for 302 Toledo Dr Unit 0
General Information
Standard status
Active
Size
9,029 SF
Additional Details
Highway Access
Yes
Conditioned Warehouse
Yes
Listing Agency:
Real Broker, LLC
Listed By:
Mark Van Eaton · License #4771
(337) 654-5700
Source:
Athomerealtyla
Added: Aug 15
Changed: Oct 8
Last Checked: Oct 15 at 2:33AM
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 Real Broker, LLC
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Investment Insights
Based on property information with market context.
Available for sale or lease, this 9,029-square-foot flex property in Lafayette features full climate control and an expansive open interior. Two roll-up doors support loading and operational flexibility, while the largely unobstructed layout can accommodate a range of commercial configurations.
The building is located at 302 Toledo Dr with quick access to I-10. Lease terms are structured on an NNN basis.
The building is located at 302 Toledo Dr with quick access to I-10. Lease terms are structured on an NNN basis.
Key Highlights
- 9,029 SF flex building in Lafayette
- Fully climate‑controlled interior
- Wide‑open floor plan for flexible configuration
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,728
Cap Rate
6.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,034,560
$1.0M
Cap Rate 7%
$738,971
$739.0K
Cap Rate 9%
$574,756
$574.8K
Market Conditions
NOI Build-Up for 9,029 SF
Gross rent
$63.9K $7.08/SF
− Vacancy
−$3.1K −$0.34/SF
EGI
$60.9K $6.74/SF
− OpEx
−$9.1K −$1.01/SF
NOI
$51.7K $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 Rate 5%
$1,034,560
Cap Rate 7%
$738,971
Cap Rate 9%
$574,756
Alternative Uses
Best Use
Warehouse
$739.0K
$646.6K – $862.1K
NOI $51,728 @ 7.0% cap · market cap 6.35%
Second Best
Industrial
$608.6K
$532.5K – $710.0K
NOI $42,600 @ 7.0% cap · market cap 5.23%
Theoretical Best
Office A
$2.13M
$1.87M – $2.49M
NOI $149,434 @ 7.0% cap · market cap 18.34%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
491
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
Check the figures for this property
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?
Flex space - Open commercial layout with two roll-up doors and access to I-10.
Where is this flex space located?
The property is located at 302 Toledo Dr Unit 0 Lafayette, LA.
What is the asking price?
The asking price for this property is $815,000.
What are key features of this property?
This property features: 9,029 SF flex building in Lafayette; Fully climate‑controlled interior; Wide‑open floor plan for flexible configuration
