Mixed-Use Property with Warehouse
331 Teljean Road, Maurice, LA 70555
For Sale
$950,000
Commercial Sale, Maurice, LA
Property Size14,400 SF
Lot Size4.47 Acres
Price / SF$65.97
Days on Market11
Property Features for 331 Teljean Road
General Information
Property type
Property subtype
Zoning
Parking
Parking features
Lot features
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Subdivision
Standard status
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Size
Lot size
Additional Details
Property Use
Taxes and HOA fees
Tax Description
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Utilities
Utilities
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Building Details
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Floors in Building
Number of units
Flooring type
Building materials
Roof type
Listing Agency:
Dwight Andrus Real Estate Agency, LLC
(337) 534-0900
Listed By:
Matt Andrus · License LA #58409
(337) 288-1584
Added: Nov 3
Changed: Nov 7
Last Checked: Nov 13 at 11:06PM
MLS# 200OZW
Copyright © 2026 ROAM MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
The 14,400-square-foot property, built in 2017, contains eight warehouse units and two office suites. Six warehouse spaces measure 20 by 60 feet, and two measure 40 by 60 feet. One warehouse has conditioned space. The office suites are approximately 1,202 square feet apiece, with reception areas, two private offices, a break room, and a bathroom with a shower in each. The buildings have metal siding, concrete floors, central and zoned heating and cooling, and a metal roof.
The offering also includes a 3/4-acre parcel next door. Two electrical meters serve the offices and warehouse spaces, with one meter allocated to each side of the property.
The offering also includes a 3/4-acre parcel next door. Two electrical meters serve the offices and warehouse spaces, with one meter allocated to each side of the property.
Key Highlights
- Eight warehouse units and two office suites on a 14,400‑square‑foot property
- Six warehouse units measure 20' x 60'; two measure 40' x 60'
- Each office suite is approximately 1,202 square feet, with reception, two private offices, a break room, and a bathroom with shower
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$82,500
Cap Rate
8.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,650,000
$1.7M
Cap Rate 7%
$1,178,571
$1.2M
Cap Rate 9%
$916,667
$916.7K
Market Conditions
NOI Build-Up for 14,400 SF
Gross rent
$102.0K $7.08/SF
− Vacancy
−$4.9K −$0.34/SF
EGI
$97.1K $6.74/SF
− OpEx
−$14.6K −$1.01/SF
NOI
$82.5K $5.73/SF
Area
Lafayette, LA
Vacancy
4.80%
Lease Rate
$7.08 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,650,000
Cap Rate 7%
$1,178,571
Cap Rate 9%
$916,667
Alternative Uses
Best Use
Mixed Use
$2.38M
$2.08M – $2.77M
NOI $166,320 @ 7.0% cap · market cap 17.51%
Second Best
Warehouse
$1.18M
$1.03M – $1.38M
NOI $82,500 @ 7.0% cap · market cap 8.68%
Theoretical Best
Office A
$3.40M
$2.98M – $3.97M
NOI $238,326 @ 7.0% cap · market cap 25.09%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
82
Businesses Nearby
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Business Placement
Demographics for 70555, LA
8,925
Population
3,408
Households
2.6
Avg Household Size
36
Median Age
22%
College-Educated
86%
High-School Grad
47.2 sq mi
ZIP Area
189
Density / Sq Mi
$71,694
Median Household Income
$52,183
Median Earnings
$1,241
Median Rent
$228,500
Median Home Value
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Market
Properties on Market for Mixed-use properties in Lafayette County
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Eight warehouse bays and two office suites provide a combination of storage and workspace.
Where is this mixed-use property located?
The property is located at 331 Teljean Road Maurice, LA.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Eight warehouse units and two office suites on a 14,400‑square‑foot property; Six warehouse units measure 20' x 60'; two measure 40' x 60'; Each office suite is approximately 1,202 square feet, with reception, two private offices, a break room, and a bathroom with shower
