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 Market205
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
Listed By:
Mark Johns · License #995715972
(501) 513-7394
Source:
Elifinrealty
Added: Mar 26
Changed: Oct 11
Last Checked: Oct 16 at 6:59AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
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 / Yr
$26,464
Cap Rate
5.29%
Suggested Prices Based on Cap Rates
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
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 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.
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Property Analytics
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Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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.
