Flex Space
New
For Sale
$300,000
303 Marcon Drive, Lafayette, LA 70507
Commercial Sale, Lafayette, LA
Property Size1,500 SF
Lot Size14.00 Acres
Price / SF$200
Days on Market7
Property Features for 303 Marcon Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
MN-1
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Parking features
Off Street, Parking Lot
Security features
Security System
Exterior features
OH Door 10 - 15 Ft, Partially Fenced
Fencing
Partial
Lot features
Commons, Near Golf Course, Level, Zero Lot Line
Directions
University Ave heading North, left on Marcon Drive, development to be located at the end of the road.
Subdivision
C
Standard status
Active
APN
Tbd-Proposedconstrction
Size
1,500 SF
Lot size
14.00 Acres
Taxes and HOA fees
Tax Description
TBD- Unit A of Bunker Lofts Phase 1 - Proposed Construction. Subject to final plat Approval. (Original parcel #: 6164768 -Original parcel Legal: SEC 14 T9S R4E (14.52 AC MORE OR LESS)(18-31416 PLAT))
Legal Description
TBD- Unit A of Bunker Lofts Phase 1 - Proposed Construction. Subject to final plat Approval. (Original parcel #: 6164768 -Original parcel Legal: SEC 14 T9S R4E (14.52 AC MORE OR LESS)(18-31416 PLAT))
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
24/7 video security
private bathrooms
Building Details
Floors in Building
1
Flooring type
Concrete
Roof type
Metal
Listing Agency:
Real Broker, LLC
(337) 534-0555
Listed By:
Robbie Breaux · License #76395
(337) 658-5690
Added: Sep 1
Changed: Sep 2
Last Checked: Sep 7 at 2:06PM
MLS# 2600008246
Copyright © 2026 Realtor Association of Acadiana. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Bunker Lofts is a proposed flex-space development planned across a 14-acre master-planned property in Lafayette. Configurable units range from 1,500 to 6,000+ sq. ft. and are designed for commercial office, storage, project, and specialty-use requirements. Planned features include full insulation, climate control, 20'-24' ceiling heights, 12'x14' overhead doors, concrete floors, private bathrooms, and optional mezzanine levels. Some units may include private outdoor courtyards and specialized improvements such as car lifts, epoxy flooring, outdoor kitchens, or RV and boat hookups.
The property is adjacent to The Wetlands Golf Course and provides access to I-10 and I-49. The site is zoned MN-1 and includes planned 24/7 video security within the development. Additional property features include public water, central heating and cooling, metal roofing, partial fencing, and off-street parking with a parking lot.
The property is adjacent to The Wetlands Golf Course and provides access to I-10 and I-49. The site is zoned MN-1 and includes planned 24/7 video security within the development. Additional property features include public water, central heating and cooling, metal roofing, partial fencing, and off-street parking with a parking lot.
Key Highlights
- Proposed 14‑acre flex‑space development in Lafayette
- Configurable units from 1,500 to 6,000+ sq. ft.
- 20'-24' ceiling heights with 12'x14' overhead doors
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
$8,594
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
2.86%
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%
$171,880
$171.9K
Cap Rate 7%
$122,771
$122.8K
Cap Rate 9%
$95,489
$95.5K
Market Conditions
NOI Build-Up for 1,500 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
$10.6K $7.08/SF
− Vacancy
−$510 −$0.34/SF
EGI
$10.1K $6.74/SF
− OpEx
−$1.5K −$1.01/SF
NOI
$8.6K $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%
$171,880
Cap Rate 7%
$122,771
Cap Rate 9%
$95,489
Alternative Uses
Best Use
Warehouse
$122.8K
$107.4K – $143.2K
NOI $8,594 @ 7.0% cap · market cap 2.86%
Second Best
Industrial
$101.1K
$88.5K – $118.0K
NOI $7,077 @ 7.0% cap · market cap 2.36%
Theoretical Best
Office A
$354.7K
$310.3K – $413.8K
NOI $24,826 @ 7.0% cap · market cap 8.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
24 ft
Clear height
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
151
Businesses Nearby
Well-served
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 Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Proposed customizable commercial units with climate control, overhead doors, private bathrooms, and optional mezzanine levels.
Where is this flex space located?
The property is located at 303 Marcon Drive Lafayette, LA.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Proposed 14‑acre flex‑space development in Lafayette; Configurable units from 1,500 to 6,000+ sq. ft.; 20'-24' ceiling heights with 12'x14' overhead doors
