Retail Suite with Street
3302 Johnston Street, Lafayette, LA 70503
For Sale
Contact for pricing
The space can accommodate office, retail, health practitioner, supplier, or business service uses.
Property Size527 SF
Price / SF$2.28
Days on Market1146
Property Features for 3302 Johnston Street
General Information
Standard status
Size
Listing Agency:
Weiser Realty & Property Managment, LLC
(337) 345-8677
Listed By:
Asim Baloch · License LA #995696005
(337) 351-6299
Source:
Exprealty
Added: Sep 26, 2023
Changed: Nov 11
Last Checked: Nov 14 at 7:56AM
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 Weiser Realty & Property Managment, LLC
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Investment Insights
Based on property information with market context.
Unit D1 is available for lease in Acadian Plaza Shopping Center, with frontage on Johnston Street. The space is presented for a range of possible uses, including office, retail, health practitioner, supplier, finished goods, used goods, and business services. Signage is available, and the plaza has access for vehicles entering and exiting the center.
The property is on Johnston Street in Lafayette. Businesses and destinations identified in the surrounding area include ULL, retail stores, health clubs, hospitals, grocery stores, restaurants, auto dealerships, parks, places of worship, and residential subdivisions. Two other units in the plaza are also available.
The property is on Johnston Street in Lafayette. Businesses and destinations identified in the surrounding area include ULL, retail stores, health clubs, hospitals, grocery stores, restaurants, auto dealerships, parks, places of worship, and residential subdivisions. Two other units in the plaza are also available.
Key Highlights
- Unit D1 is available for lease in Acadian Plaza Shopping Center
- Frontage on Johnston Street in Lafayette
- Signage available at the center
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$6,391
Suggested Prices Based on Cap Rates
Cap Rate 5%
$127,820
$127.8K
Cap Rate 7%
$91,300
$91.3K
Cap Rate 9%
$71,011
$71.0K
Market Conditions
NOI Build-Up for 527 SF
Gross rent
$9.9K $18.84/SF
− Vacancy
−$798 −$1.51/SF
EGI
$9.1K $17.33/SF
− OpEx
−$2.7K −$5.20/SF
NOI
$6.4K $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%
$127,820
Cap Rate 7%
$91,300
Cap Rate 9%
$71,011
Alternative Uses
Best Use
Retail
$91.3K
$79.9K – $106.5K
NOI $6,391 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$124.6K
$109.0K – $145.4K
NOI $8,722 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
863
Businesses Nearby
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
$326,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Retail space in Lafayette, LA
Properties on Market for Retail space in Lafayette
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - The space can accommodate office, retail, health practitioner, supplier, or business service uses.
Where is this retail space located?
The property is located at 3302 Johnston Street Lafayette, LA.
What are key features of this property?
This property features: Unit D1 is available for lease in Acadian Plaza Shopping Center; Frontage on Johnston Street in Lafayette; Signage available at the center
