Office/Warehouse Light
305 Fairlane Dr Lafayette, LA 70507
New
For Sale
$410,000
Flex office and warehouse space with private offices, kitchen, and 16' eave height under IL zoning.
Property Size4,135 SF
Price / SF$99.15
Days on Market2
Property Features for 305 Fairlane Dr
General Information
- Standard status
- Active
- Size
- 4,135 SF
- Property subtype
- Industrial
Listing Agency:
Elifin Realty
(501) 513-7394
Listed By:
Mark Johns · License #995715972
(501) 513-7394
Source:
Elifinrealty
Added: Jul 23
Changed: Jul 24
Last Checked: Jul 24 at 5:44AM
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 Elifin Realty
Investment Insights
Based on property information with market context.
305 Fairlane Dr is an office/warehouse property with a flex-style layout that includes private office space and a kitchen. The warehouse component features a 16' eave height, making the space suitable for light industrial storage or operations.
The property is located within the industrial corridor near W Pont Des Mouton Rd, with stated access just off the roadway. It is described as approximately 3 minutes from I-49 and 5 minutes from I-10. The property is zoned IL (Industrial Light).
The property is located within the industrial corridor near W Pont Des Mouton Rd, with stated access just off the roadway. It is described as approximately 3 minutes from I-49 and 5 minutes from I-10. The property is zoned IL (Industrial Light).
Key Highlights
- ±4,135 SF office/warehouse located in the industrial corridor of W Pont Des Mouton Rd
- Flex space includes private offices and a kitchen
- Warehouse features ±16' eave height
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $29.3k | $7.08 |
| − Vacancy | −$1.4k | −$0.34 |
| EGI | $27.9k | $6.74 |
| − OpEx | −$4.2k | −$1.01 |
| NOI | $23.7k | $5.73 |
4,135 SF · lease $7.08/SF/yr · vacancy 4.80% · expense 15.00%
Alternative Uses
Best Use
Office B
$687.4K
$601.5K – $802.0K
NOI $48,119 @ 7.0% cap · market cap 11.74%
Second Best
Warehouse
$338.4K
$296.1K – $394.8K
NOI $23,690 @ 7.0% cap · market cap 5.78%
Theoretical Best
Office A
$977.7K
$855.5K – $1.14M
NOI $68,436 @ 7.0% cap · market cap 16.69%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Computer Concepts
Tech Support Center
FAQs
What type of property is this?
Flex space - Flex office and warehouse space with private offices, kitchen, and 16' eave height under IL zoning.
Where is this flex space located?
The property is located at 305 Fairlane Dr Lafayette, LA.
What is the asking price?
The asking price for this property is $410,000.
What are key features of this property?
This property features: ±4,135 SF office/warehouse located in the industrial corridor of W Pont Des Mouton Rd; Flex space includes private offices and a kitchen; Warehouse features ±16' eave height
