Versatile Industrial Opportunity For
For Sale
$499,999
405 Wall St, Lafayette, LA 70506
Industrial property with prime location, accessibility, and ample parking.
Property Size5,609 SF
Price / SF$89.14
Days on Market160
Property Features for 405 Wall St
General Information
Standard status
Active
Size
5,609 SF
Property subtype
Industrial
Building Details
Building Size
5,609 SF
Listing Agency:
Elifin Realty Lafayette
(501) 513-7394
Listed By:
Mark Johns · License #995715972
(501) 513-7394
Source:
Elifinrealty
Added: Mar 26
Changed: Aug 26
Last Checked: Aug 31 at 2:55PM
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 Elifin Realty Lafayette
Investment Insights
Based on property information with market context.
Located off Eraste Landry Road, 405 Wall St is a versatile industrial property available for sale. This corner lot offers accessibility and visibility, making it suitable for various business uses. The property includes ample parking, a ground-level roll-up door, and a lay-down yard in the rear. The property has easy access to major thoroughfares such as Bertrand Dr and Ambassador Caffery Pkwy. The building has a total size of 5,609 square feet. The current owner is open to remodeling the space for qualified buyers.
Key Highlights
- Prime location off Eraste Landry Road with excellent accessibility and visibility.
- Ample parking and practical layout suitable for various business uses.
- Ground level roll‑up door and lay down yard in the rear.
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
$26,464
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
5.29%
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%
$529,280
$529.3K
Cap Rate 7%
$378,057
$378.1K
Cap Rate 9%
$294,044
$294.0K
Market Conditions
NOI Build-Up for 5,609 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
$39.7K $7.08/SF
− Vacancy
−$1.9K −$0.34/SF
EGI
$37.8K $6.74/SF
− OpEx
−$11.3K −$2.02/SF
NOI
$26.5K $4.72/SF
Area
Lafayette, LA
Vacancy
4.80%
Lease Rate
$7.08 /SF/Yr
Expense Ratio
30.00%
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%
$529,280
Cap Rate 7%
$378,057
Cap Rate 9%
$294,044
Alternative Uses
Best Use
Industrial
$378.1K
$330.8K – $441.1K
NOI $26,464 @ 7.0% cap · market cap 5.29%
Second Best
Flex RnD
$351.1K
$307.2K – $409.6K
NOI $24,574 @ 7.0% cap · market cap 4.91%
Theoretical Best
Office A
$1.33M
$1.16M – $1.55M
NOI $92,831 @ 7.0% cap · market cap 18.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
646
Businesses Nearby
Under-served
Demand for This Use
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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Industrial property with prime location, accessibility, and ample parking.
Where is this flex space located?
The property is located at 405 Wall St Lafayette, LA.
What is the asking price?
The asking price for this property is $499,999.
What are key features of this property?
This property features: Prime location off Eraste Landry Road with excellent accessibility and visibility.; Ample parking and practical layout suitable for various business uses.; Ground level roll‑up door and lay down yard in the rear.
