Mixed-Use Property with Adjacent
New
For Sale
$625,000
344 & 346 Ridge Road, Lafayette, LA 70506
Commercial Sale, Lafayette, LA
Property Size1,522 SF
Lot Size0.85 Acres
Price / SF$410.64
Days on Market7
Property Features for 344 & 346 Ridge Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
unzoned
Parking features
Off Street
Directions
From the intersection of Johnston Street and Ambassador Caffery Parkway, head north on Ambassador Caffery Parkway (LA-3073 N). Turn left onto Ridge Road (LA-93). Drive a short distance, and the properties at 344 & 346 Ridge Road will be on your right
Subdivision
G3
Standard status
Active
APN
6045801
Size
1,522 SF
Lot size
0.85 Acres
Taxes and HOA fees
Tax Description
TR 7 SEC 8 T10S R4E (11.67 AC) SEC 8 T10S R4E (20X130)(0.06 AC) SEC 8 T10S R4E (70X130)(0.2089 AC) SEC 8 T10S R4E (0.101 AC)(74-634523)
Legal Description
TR 7 SEC 8 T10S R4E (11.67 AC) SEC 8 T10S R4E (20X130)(0.06 AC) SEC 8 T10S R4E (70X130)(0.2089 AC) SEC 8 T10S R4E (0.101 AC)(74-634523)
Utilities
Sewer type
Septic Tank
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Roof type
Metal
Listing Agency:
EXP Realty, LLC
(337) 522-7554
Listed By:
Tony Dozart · License #995711768
(337) 277-7907
Added: Sep 21
Changed: Sep 25
Last Checked: Sep 27 at 4:06PM
MLS# 2600008846
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.
Investment Insights
Based on property information with market context.
This mixed-use property combines 344 and 346 Ridge Road, including a 1,522-square-foot structure and an adjacent 0.39-acre lot. The overall site measures 0.85 acres, with mature trees and paved road frontage. The building has central heating and air conditioning, a metal roof, and off-street parking.
The property is in Lafayette, Louisiana, in an unzoned area. Public water and a septic system serve the site.
The property is in Lafayette, Louisiana, in an unzoned area. Public water and a septic system serve the site.
Key Highlights
- 0.85‑acre property combining 344 and 346 Ridge Road
- 1,522‑square‑foot building with central heating and central air conditioning
- Adjacent 0.39‑acre lot with mature trees
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$17,579
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
2.81%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$351,580
$351.6K
Cap Rate 7%
$251,129
$251.1K
Cap Rate 9%
$195,322
$195.3K
Market Conditions
NOI Build-Up for 1,522 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$32.0K $21.00/SF
− Vacancy
−$3.8K −$2.52/SF
EGI
$28.1K $18.48/SF
− OpEx
−$10.5K −$6.93/SF
NOI
$17.6K $11.55/SF
Area
Lafayette, LA
Vacancy
12.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$351,580
Cap Rate 7%
$251,129
Cap Rate 9%
$195,322
Alternative Uses
Best Use
Mixed Use
$251.1K
$219.7K – $293.0K
NOI $17,579 @ 7.0% cap · market cap 2.81%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$359.9K
$314.9K – $419.8K
NOI $25,190 @ 7.0% cap · market cap 4.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
416
Businesses Nearby
Explore this area
Business Placement
Demographics for 70506, LA
39,801
Population
20,296
Households
2
Avg Household Size
36
Median Age
37%
College-Educated
91%
High-School Grad
20.8 sq mi
ZIP Area
1,914
Density / Sq Mi
$55,553
Median Household Income
$38,764
Median Earnings
$1,024
Median Rent
$215,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Mixed-use property - A central building and adjoining land offer a combination of existing space and site area.
Where is this mixed-use property located?
The property is located at 344 & 346 Ridge Road Lafayette, LA.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: 0.85‑acre property combining 344 and 346 Ridge Road; 1,522‑square‑foot building with central heating and central air conditioning; Adjacent 0.39‑acre lot with mature trees
