Lafayette Investment
For Sale
$450,000
Pending
3103 W Pinhook Rd, Lafayette, LA 70508
1.43 acres with income-producing structures on W Pinhook Road.
Property Size7,500 SF
Lot Size1.43 Acres
Days on Market392
Property Features for 3103 W Pinhook Rd
General Information
Standard status
Pending
Size
7,500 SF
Lot size
1.43 Acres
Property subtype
Investment
Zoning
IL
Amenities
Power
Water
Sewer
Natural Gas
Listing Agency:
The Gleason Group
Listed By:
Nicole Broussard · License #995708478
(337) 322-3632
Source:
Lacdb.resimplifi
Added: Sep 19, 2025
Changed: Oct 6
Last Checked: Oct 14 at 7:37PM
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 The Gleason Group
Investment Insights
Based on property information with market context.
Located on W Pinhook Road in Lafayette, the property at 3103 W Pinhook Road offers an investment opportunity on 1.43 acres. The site features two structures with potential for income generation. The main building, spanning 3,500 square feet, is currently occupied by a bar/cigar bar. The current tenant is open to negotiating a long-term lease with new ownership, which could provide immediate rental income. Additionally, there is a 4,000-square-foot warehouse on the property. This warehouse is currently vacant, presenting an opportunity for future tenant occupancy and additional revenue. The property's location on W Pinhook Road offers high visibility. The combination of existing income and potential for increased revenue positions this property as a potential investment for those seeking cash flow and long-term growth.
Key Highlights
- High‑visibility location on W Pinhook Road.
- Existing 3,500 SF main building with a tenant willing to negotiate a long‑term lease, providing immediate rental income.
- Additional 4,000 SF vacant warehouse for future tenant and added revenue potential.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,386
Cap Rate
7.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$707,720
$707.7K
Cap Rate 7%
$505,514
$505.5K
Cap Rate 9%
$393,178
$393.2K
Market Conditions
NOI Build-Up for 7,500 SF
Gross rent
$53.1K $7.08/SF
− Vacancy
−$2.5K −$0.34/SF
EGI
$50.6K $6.74/SF
− OpEx
−$15.2K −$2.02/SF
NOI
$35.4K $4.72/SF
Area
Lafayette, LA
Vacancy
4.80%
Lease Rate
$7.08 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$707,720
Cap Rate 7%
$505,514
Cap Rate 9%
$393,178
Alternative Uses
Best Use
Specialty Retail
$1.39M
$1.22M – $1.62M
NOI $97,455 @ 7.0% cap · market cap 21.66%
Second Best
Warehouse
$613.8K
$537.1K – $716.2K
NOI $42,969 @ 7.0% cap · market cap 9.55%
Theoretical Best
Office A
$1.77M
$1.55M – $2.07M
NOI $124,128 @ 7.0% cap · market cap 27.58%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
486
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 70508, LA
40,343
Population
18,677
Households
2.2
Avg Household Size
38
Median Age
47%
College-Educated
94%
High-School Grad
24.3 sq mi
ZIP Area
1,660
Density / Sq Mi
$88,017
Median Household Income
$51,614
Median Earnings
$1,244
Median Rent
$299,200
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
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Similar Off Market Nearby
- Party Time Transportation & Kegs — 3432 w pinhook rd, lafayette, la 70508
- Legends Pinhook — 3439 W Pinhook Rd, Lafayette, LA 70508
- Murphy's Law Sports & Cigar Bar — 3103 W Pinhook Rd, Lafayette, LA 70508
- Murphy's Law Cigar and Lounge — 3103 w pinhook rd, lafayette, la 70508
Frequently Asked Questions
What type of property is this?
Bar & Pub - 1.43 acres with income-producing structures on W Pinhook Road.
Where is this bar & pub located?
The property is located at 3103 W Pinhook Rd Lafayette, LA.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: High‑visibility location on W Pinhook Road.; Existing 3,500 SF main building with a tenant willing to negotiate a long‑term lease, providing immediate rental income.; Additional 4,000 SF vacant warehouse for future tenant and added revenue potential.
