Five-Suite Shopping
For Sale
$1,325,000
Pending
3211 Johnston St, Lafayette, LA 70503
CH-zoned commercial center configured with five retail suites.
Property Size7,000 SF
Days on Market899
Property Features for 3211 Johnston St
General Information
Standard status
Pending
Size
7,000 SF
Property subtype
Retail
Zoning
CH
Amenities
Water
Sewer
Building Details
Tenancy
Multi
Listing Agency:
Coldwell Banker Trahan Real Estate Group
Listed By:
John O'Reilly · License #0000019177
(337) 993-1414
Source:
Lacdb.resimplifi
Added: Apr 30, 2024
Changed: Oct 12
Last Checked: Oct 14 at 7:49PM
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 Coldwell Banker Trahan Real Estate Group
Investment Insights
Based on property information with market context.
This shopping center comprises five retail suites and is designated CH under its zoning classification. The property is located at 3211 Johnston St in Lafayette, Louisiana, with the 70503 ZIP code supporting its address identification.
Key Highlights
- Five‑suite retail center
- CH zoning designation
- Located at 3211 Johnston St, Lafayette, LA 70503
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$84,894
Cap Rate
6.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,697,880
$1.7M
Cap Rate 7%
$1,212,771
$1.2M
Cap Rate 9%
$943,267
$943.3K
Market Conditions
NOI Build-Up for 7,000 SF
Gross rent
$131.9K $18.84/SF
− Vacancy
−$10.6K −$1.51/SF
EGI
$121.3K $17.33/SF
− OpEx
−$36.4K −$5.20/SF
NOI
$84.9K $12.13/SF
Area
Lafayette, LA
Vacancy
8.04%
Lease Rate
$18.84 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,697,880
Cap Rate 7%
$1,212,771
Cap Rate 9%
$943,267
Alternative Uses
Best Use
Retail
$1.21M
$1.06M – $1.41M
NOI $84,894 @ 7.0% cap · market cap 6.41%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.66M
$1.45M – $1.93M
NOI $115,853 @ 7.0% cap · market cap 8.74%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,077
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 70503, LA
27,497
Population
13,052
Households
2.1
Avg Household Size
38
Median Age
55%
College-Educated
96%
High-School Grad
11.3 sq mi
ZIP Area
2,433
Density / Sq Mi
$94,360
Median Household Income
$54,170
Median Earnings
$1,087
Median Rent
$326,800
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Grand marche shopping center — 4517 Johnston St, Lafayette, LA 70503
- Greenbriar Shopping Center — 233 Doucet Rd, Lafayette, LA 70503
- South College Shopping Center — 2851 Johnston St, Lafayette, LA 70503
- Winnwood Shopping Center — 2934 Johnston St, Lafayette, LA 70503
- Coinstar Kiosk | Bitcoin ATM — Albertsons, 2678 Johnston St, Lafayette, LA 70501
Frequently Asked Questions
What type of property is this?
Shopping center - CH-zoned commercial center configured with five retail suites.
Where is this shopping center located?
The property is located at 3211 Johnston St Lafayette, LA.
What is the asking price?
The asking price for this property is $1,325,000.
What are key features of this property?
This property features: Five‑suite retail center; CH zoning designation; Located at 3211 Johnston St, Lafayette, LA 70503
