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    Lafayette Commercial Space For Lease Title is generated by Realmo AI

    3302 Johnston Street, Lafayette, LA 70503

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    For Lease
    $5,800/Mo $15 SF/Yr (calc)

    COMMERCIAL - Lafayette, LA

    Property size:
    4,355 SF
    Added:
    Sep 14, 2023
    Days on Market:
    973
    Last Refresh:
    May 13 at 10:06 am

    Property Features for 3302 Johnston Street

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Zoning
    Commercial
    Parking features
    Parking Lot, Off Street
    Exterior features
    Door Sign, Pole Sign
    Standard status
    Active
    APN
    6057392
    Size
    4,355 SF

    Taxes and HOA fees

    Tax Description
    SEC 42 T10S R4E (1.349 AC)(184.16 FT FRONT)

    Utilities

    Heating system
    Central, Electric (Heating)
    Cooling system
    Ceiling Fan(s)

    Building Details

    Floors in Building
    1
    Flooring type
    Concrete
    Building materials
    Stucco
    Roof type
    Metal

    We can help!

    Listing Contact
    Asim Baloch

    Listing agent Asim Baloch License #995696005

    Listing office Weiser Realty & Property Managment, LLC 117 E Broussard Rd, Lafayette, LA

    Listing date Sep 14, 2023

    MLS# 23008803

    Copyright © 2026 Realtor Association of Acadiana. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • High‑traffic location on Johnston Street.
    • Located in Acadian Plaza Shopping Center with easy access and ample parking.
    • Suitable for a variety of business types.
    • Surrounded by businesses and amenities.
    • Visible signage available, including door and pole signs.
    • Off‑street parking in a parking lot.

    Overview

    Available for lease, Unit 2 is suitable for an office, retail space, health practitioner, supplier, used goods, finished goods, or business service. The property is located in the Acadian Plaza Shopping Center with frontage on Johnston Street, a well-known roadway in Lafayette. The location benefits from high foot traffic due to its proximity to businesses, the University of Louisiana at Lafayette (ULL), retail stores, health clubs, hospitals, places of worship, grocery stores, restaurants, auto dealerships, parks, and residential subdivisions. The property features high traffic count, easy access, a large number of parking spaces, and visible signage. The available space measures 4355 square feet. Currently, two additional units are available in this plaza.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bitcoin ATM Lafayette ... Currency Exchange Service NOLACKING STUDIOS Clothing Store Old Smokey Lafayette (Bike/Boat/Book/etc) Store Rich Looks & Essentials Clothing Store D and G Western ... Clothing & Fashion Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lafayette
    County
    Lafayette
    State
    Louisiana
    Longitude
    -92.051583
    Latitude
    30.203115

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    FAQs

    What type of property is this?
    Shopping center - Prime commercial space in Acadian Plaza Shopping Center, Lafayette, LA.
    Where is this shopping center located?
    The property is located at 3302 Johnston Street Lafayette, LA.
    What is the lease rate?
    The lease rate is $5,800 /Mo.
    What are key features of this property?
    This property features: High‑traffic location on Johnston Street.; Located in Acadian Plaza Shopping Center with easy access and ample parking.; Suitable for a variety of business types.
    (337) 351-6299
    We can help!
    Listing Contact
    Asim Baloch
    Real Estate License ID: 995696005
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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