Lafayette Investment
For Sale
$450,000
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
Price / SF$60
Days on Market315
Property Features for 3103 W Pinhook Rd
General Information
Standard status
Active
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: Jul 10
Last Checked: Jul 29 at 5:45PM
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 For Industrial
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 | $53.1k | $7.08 |
| − Vacancy | −$2.5k | −$0.34 |
| EGI | $50.6k | $6.74 |
| − OpEx | −$15.2k | −$2.02 |
| NOI | $35.4k | $4.72 |
7,500 SF · lease $7.08/SF/yr · vacancy 4.80% · expense 30.00%
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
1,518
Businesses Nearby
Well-served
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Party Time Transportation & Kegs — 3432 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
- Legends Pinhook — 3439 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.
