Climate-Controlled Flex
New
For Sale
$900,000
303 Marcon Drive C, Lafayette, LA 70507
Customizable commercial units include private bathrooms and optional mezzanine levels.
Property Size4,500 SF
Price / SF$200
Days on Market3
Property Features for 303 Marcon Drive C
General Information
Standard status
Active
Size
4,500 SF
Additional Details
Highway Access
Yes
Listing Agency:
Real Broker, LLC
Listed By:
Robbie Breaux · License #76395
(337) 658-5690
Source:
Athomerealtyla
Added: Sep 9
Changed: Sep 10
Last Checked: Sep 10 at 3:15PM
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
Investment Insights
Based on property information with market context.
Bunker Lofts is a proposed flex-space development in Lafayette, Louisiana, planned within a 14-acre master-planned project. Units are designed for commercial offices, vehicle and equipment storage, workshops, and private owner spaces, with configurations ranging from 1,500 to 6,000+ square feet. Each unit is planned with full insulation, climate control, a private bathroom, and the option for a mezzanine or outdoor courtyard.
Building specifications include 20'-24' ceiling heights and 12'x14' overhead doors. The development is planned with 24/7 video security and is positioned adjacent to The Wetlands Golf Course, with access to I-10 and I-49. Optional features described for individual spaces include vehicle lifts, epoxy flooring, outdoor kitchens, and hookups for RV or boat storage.
Building specifications include 20'-24' ceiling heights and 12'x14' overhead doors. The development is planned with 24/7 video security and is positioned adjacent to The Wetlands Golf Course, with access to I-10 and I-49. Optional features described for individual spaces include vehicle lifts, epoxy flooring, outdoor kitchens, and hookups for RV or boat storage.
Key Highlights
- Proposed 14‑acre master‑planned flex‑space development
- Configurable units from 1,500 to 6,000+ square feet
- 100% insulated, climate‑controlled units with private bathrooms
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
$25,781
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%
$515,620
$515.6K
Cap Rate 7%
$368,300
$368.3K
Cap Rate 9%
$286,456
$286.5K
Market Conditions
NOI Build-Up for 4,500 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
$31.9K $7.08/SF
− Vacancy
−$1.5K −$0.34/SF
EGI
$30.3K $6.74/SF
− OpEx
−$4.5K −$1.01/SF
NOI
$25.8K $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%
$515,620
Cap Rate 7%
$368,300
Cap Rate 9%
$286,456
Alternative Uses
Best Use
Warehouse
$368.3K
$322.3K – $429.7K
NOI $25,781 @ 7.0% cap · market cap 2.86%
Second Best
Industrial
$303.3K
$265.4K – $353.9K
NOI $21,232 @ 7.0% cap · market cap 2.36%
Theoretical Best
Office A
$1.06M
$931.0K – $1.24M
NOI $74,477 @ 7.0% cap · market cap 8.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
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
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Frequently Asked Questions
What type of property is this?
Flex space - Customizable commercial units include private bathrooms and optional mezzanine levels.
Where is this flex space located?
The property is located at 303 Marcon Drive C Lafayette, LA.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Proposed 14‑acre master‑planned flex‑space development; Configurable units from 1,500 to 6,000+ square feet; 100% insulated, climate‑controlled units with private bathrooms
