Climate-Controlled Flex
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 Market53
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
Sewer type
Public Sewer
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: Oct 8
Last Checked: Oct 23 at 6:06AM
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.
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Investment Insights
Based on property information with market context.
Bunker Lofts is a proposed flex-space development at 303 Marcon Drive in Lafayette. Planned units are configurable, with central heating and air conditioning, concrete floors, private bathrooms, and overhead doors. The development plan also includes optional mezzanine levels and private outdoor courtyards. The stated unit-size range conflicts with the property-size figure, so no unit size is included here.
The project is planned across 14 acres and is zoned MN-1. Public water and sewer are listed for the property. Planned features include 24/7 video security and overhead doors measuring 12 feet by 14 feet; unit ceilings are described as 20 to 24 feet high.
The project is planned across 14 acres and is zoned MN-1. Public water and sewer are listed for the property. Planned features include 24/7 video security and overhead doors measuring 12 feet by 14 feet; unit ceilings are described as 20 to 24 feet high.
Key Highlights
- Planned development spans 14 acres
- Configurable units are described as 1,500 to 6,000+ sq. ft.; a separate property‑size figure conflicts
- Planned ceiling heights of 20'-24'
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,594
Cap Rate
2.86%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - The proposed development plans private bathrooms, overhead doors, and optional mezzanines for its configurable commercial units.
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: Planned development spans 14 acres; Configurable units are described as 1,500 to 6,000+ sq. ft.; a separate property‑size figure conflicts; Planned ceiling heights of 20'-24'
