4-Bay Strip
For Sale
Contact for pricing
400 Westgate Rd, Scott, LA 70583
Fully occupied retail center with T4 Urban Center zoning and four commercial bays.
Property Size4,800 SF
Price / SF$0.00
Days on Market55
Property Features for 400 Westgate Rd
General Information
Standard status
Active
Size
4,800 SF
Total Parking Spaces
30
Property subtype
Retail
Zoning
T4
Lease Type
Modified Gross
Amenities
30 Parking Spaces
Building Details
Tenancy
Multi-Tenant
Listing Agency:
Keller Williams Realty Acadiana
Listed By:
Walter Campbell · License #51344
(337) 251-6500
Source:
Lacdb.resimplifi
Added: Sep 1
Changed: Oct 5
Last Checked: Oct 24 at 1:32PM
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 Keller Williams Realty Acadiana
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This four-bay strip mall is fully occupied and positioned for continued use as a multi-tenant retail property. The center carries T4 Urban Center zoning, supporting its established commercial profile.
Located at 400 Westgate Rd in Scott, Louisiana, the property is situated among established retailers and essential services. Its configuration provides four separate commercial bays within one coordinated retail center.
Located at 400 Westgate Rd in Scott, Louisiana, the property is situated among established retailers and essential services. Its configuration provides four separate commercial bays within one coordinated retail center.
Key Highlights
- Fully occupied strip mall with four commercial bays
- T4 Urban Center zoning
- Located at 400 Westgate Rd, Scott, LA 70583
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,213
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,164,260
$1.2M
Cap Rate 7%
$831,614
$831.6K
Cap Rate 9%
$646,811
$646.8K
Market Conditions
NOI Build-Up for 4,800 SF
Gross rent
$90.4K $18.84/SF
− Vacancy
−$7.3K −$1.51/SF
EGI
$83.2K $17.33/SF
− OpEx
−$24.9K −$5.20/SF
NOI
$58.2K $12.13/SF
Area
Lafayette County, 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%
$1,164,260
Cap Rate 7%
$831,614
Cap Rate 9%
$646,811
Alternative Uses
Best Use
Retail
$831.6K
$727.7K – $970.2K
NOI $58,213 @ 7.0% cap · market cap 363,831.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.13M
$993.0K – $1.32M
NOI $79,442 @ 7.0% cap · market cap 496,512.50%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
13
Businesses Nearby
Explore this area
Business Placement
Demographics for 70583, LA
11,981
Population
4,476
Households
2.7
Avg Household Size
37
Median Age
19%
College-Educated
82%
High-School Grad
28.4 sq mi
ZIP Area
422
Density / Sq Mi
$52,856
Median Household Income
$45,131
Median Earnings
$877
Median Rent
$130,400
Median Home Value
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Strip mall - Fully occupied retail center with T4 Urban Center zoning and four commercial bays.
Where is this strip mall located?
The property is located at 400 Westgate Rd Scott, LA.
What are key features of this property?
This property features: Fully occupied strip mall with four commercial bays; T4 Urban Center zoning; Located at 400 Westgate Rd, Scott, LA 70583
