Flex Space with
For Sale
$420,000
339 S Buchanan St, Lafayette, LA 70501
Front-facing commercial area connects to a substantial rear warehouse, supporting office, retail, and operational uses.
Property Size4,370 SF
Price / SF$96.11
Days on Market86
Property Features for 339 S Buchanan St
General Information
Standard status
Active
Size
4,370 SF
Additional Details
Road Access
Yes
Warehouse Space
3,478 SF
Building Details
Buildings
1
Listing Agency:
Keaty Real Estate Team
Listed By:
Tyler Albrecht · License #0995697749
(337) 235-7770
Source:
Athomerealtyla
Added: Jul 20
Changed: Sep 15
Last Checked: Oct 12 at 10:03PM
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 Keaty Real Estate Team
Investment Insights
Based on property information with market context.
This flex-space property combines approximately 891 square feet of retail or office area at the front with 3,478 square feet of warehouse space behind it. The configuration places customer-facing or administrative functions separately from storage, production, or other back-of-house activity. Total property size is 4,370 square feet.
The entrance faces S Buchanan Street near the corner of Vine Street in Lafayette’s Central Business District. Street parking is available, and a pay lot is located across the street. The property is directly behind Opportunity Machine, providing a downtown setting with a mix of commercial and creative activity nearby.
The entrance faces S Buchanan Street near the corner of Vine Street in Lafayette’s Central Business District. Street parking is available, and a pay lot is located across the street. The property is directly behind Opportunity Machine, providing a downtown setting with a mix of commercial and creative activity nearby.
Key Highlights
- Approximately 891 SF of front retail or office space
- 3,478 SF of warehouse area in the rear
- 4,370 SF total property size
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,036
Cap Rate
5.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$500,720
$500.7K
Cap Rate 7%
$357,657
$357.7K
Cap Rate 9%
$278,178
$278.2K
Market Conditions
NOI Build-Up for 4,370 SF
Gross rent
$30.9K $7.08/SF
− Vacancy
−$1.5K −$0.34/SF
EGI
$29.5K $6.74/SF
− OpEx
−$4.4K −$1.01/SF
NOI
$25.0K $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%
$500,720
Cap Rate 7%
$357,657
Cap Rate 9%
$278,178
Alternative Uses
Best Use
Retail
$757.1K
$662.5K – $883.3K
NOI $52,998 @ 7.0% cap · market cap 12.62%
Second Best
Office B
$726.5K
$635.7K – $847.6K
NOI $50,854 @ 7.0% cap · market cap 12.11%
Theoretical Best
Office A
$1.03M
$904.1K – $1.21M
NOI $72,325 @ 7.0% cap · market cap 17.22%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,848
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 70501, LA
28,721
Population
12,657
Households
2.3
Avg Household Size
38
Median Age
16%
College-Educated
78%
High-School Grad
15.3 sq mi
ZIP Area
1,877
Density / Sq Mi
$31,723
Median Household Income
$25,281
Median Earnings
$867
Median Rent
$117,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- G Dogs Mobile Cafe — 500 Jasmine St, Lafayette, LA 70506
- Candlelight Catering — 210 N Magnolia St, Lafayette, LA 70501
- Jump In The Bayou LLC — 1506 Cameron St, Lafayette, LA 70501
Frequently Asked Questions
What type of property is this?
Flex space - Front-facing commercial area connects to a substantial rear warehouse, supporting office, retail, and operational uses.
Where is this flex space located?
The property is located at 339 S Buchanan St Lafayette, LA.
What is the asking price?
The asking price for this property is $420,000.
What are key features of this property?
This property features: Approximately 891 SF of front retail or office space; 3,478 SF of warehouse area in the rear; 4,370 SF total property size
