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 Market346
Property Features for 3103 W Pinhook Rd
General Information
Standard status
Pending
Size
7,500 SF
Lot size
1.43 Acres
Listing Agency:
The Gleason Group
(337) 322-3632
Listed By:
Nicole Broussard · License #995708478
(337) 322-3632
Source:
Exprealty
Added: Sep 19, 2025
Changed: Aug 20
Last Checked: Aug 29 at 1:27PM
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 = 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
$35,386
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
7.86%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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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.
