Flex Space with Overhead
3121 Cameron St Lafayette, LA 70506
3121 Cameron St, Lafayette, LA, 70506
$340,000
For Sale
$340,000
Warehouse with overhead door, high ceilings, open layout, and gated rear for parking; front area suited for office or retail.
Property Size5,700 SF
Price / SF$59.65
Days on Market92
Property Features for 3121 Cameron St
General Information
- Standard status
- Active
- Size
- 5,700 SF
Listing agency
Compass
(337) 739-0290
Listed by
Jammie Parbhoo
(337) 739-0290
Source
Exprealty
Added: Apr 21 Updated: Jul 20 at 6:59PM Checked: Jul 20 at 6:59PM
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 Compass
Investment Insights
Based on property information with market context.
Located at 3121 Cameron St, this adaptable flex space includes a sizable warehouse portion with an overhead door, high ceilings, an open floor plan, a bathroom, and ample storage. The back of the property is gated, providing security and additional parking, while the front area is set up for office or retail use with multiple parking spaces.
Interior areas include an open reception or office area, a renovated large kitchen, a secondary living or office space, and one bedroom that could serve as a third office space, along with a full bathroom suitable for live/work or business use. The property was previously operated as a successful Airbnb with two separate units, and it also includes a back studio featuring an office area, one bedroom, a full bathroom, laundry space, and an open kitchen with a dining area.
The property sits on a prime corner lot with convenient access to both I-10 and I-49 corridors. The neighboring property at 3123 Cameron Street is also available for purchase.
Interior areas include an open reception or office area, a renovated large kitchen, a secondary living or office space, and one bedroom that could serve as a third office space, along with a full bathroom suitable for live/work or business use. The property was previously operated as a successful Airbnb with two separate units, and it also includes a back studio featuring an office area, one bedroom, a full bathroom, laundry space, and an open kitchen with a dining area.
The property sits on a prime corner lot with convenient access to both I-10 and I-49 corridors. The neighboring property at 3123 Cameron Street is also available for purchase.
Key Highlights
- Commercial property on a corner lot with access to both I‑10 and I‑49 corridors
- Sizable warehouse with overhead door, high ceilings, open floor plan, bathroom, and ample storage
- Front area suited for office or retail use with multiple parking spaces for clients and staff
Local 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 | $40.4k | $7.08 |
| − Vacancy | −$1.9k | −$0.34 |
| EGI | $38.4k | $6.74 |
| − OpEx | −$11.5k | −$2.02 |
| NOI | $26.9k | $4.72 |
5,700 SF · lease $7.08/SF/yr · vacancy 4.80% · expense 30.00%
Alternative Uses
Best Use
Office B
$947.6K
$829.1K – $1.11M
NOI $66,331 @ 7.0% cap · market cap 19.51%
Second Best
Mixed Use
$940.5K
$822.9K – $1.10M
NOI $65,835 @ 7.0% cap · market cap 19.36%
Theoretical Best
Office A
$1.35M
$1.18M – $1.57M
NOI $94,337 @ 7.0% cap · market cap 27.75%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Warehouse with overhead door, high ceilings, open layout, and gated rear for parking; front area suited for office or retail.
Where is this flex space located?
The property is located at 3121 Cameron St Lafayette, LA.
What is the asking price?
The asking price for this property is $340,000.
What are key features of this property?
This property features: Commercial property on a corner lot with access to both I‑10 and I‑49 corridors; Sizable warehouse with overhead door, high ceilings, open floor plan, bathroom, and ample storage; Front area suited for office or retail use with multiple parking spaces for clients and staff
