Commercial
For Sale
$350,000
409 W Pinhook Road, Lafayette, LA 70503
Commercial Sale, Lafayette, LA
Property Size1,350 SF
Lot Size0.40 Acres
Price / SF$259.26
Days on Market459
Property Features for 409 W Pinhook Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Directions
From Hwy 90, Take a right onto University Ave, take a left on Pinhook Rd and building will be on the left.
Subdivision
G2
Standard status
Active
APN
6034931
Size
1,350 SF
Lot size
0.40 Acres
Taxes and HOA fees
Tax Description
SEC 37 T10S R4E (0.31 AC) & SEC 44 T10S R4E (0.10 AC)(50X100X102.5X35.26
Legal Description
SEC 37 T10S R4E (0.31 AC) & SEC 44 T10S R4E (0.10 AC)(50X100X102.5X35.26
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Roof type
Composition
Listing Agency:
HUNCO Real Estate
(337) 889-5711
Listed By:
William G Raines · License #0995684992
(337) 344-7173
Added: Jul 14, 2025
Changed: Oct 8
Last Checked: Oct 15 at 2:06AM
MLS# 2500001223
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 0.4-acre commercial land parcel in Lafayette’s Oil Center has a recorded property size of 1,350 square feet. Public water and public sewer serve the site, and the property information lists central heating, central air conditioning, and a composition roof. Use restrictions apply to a sale, and the billboard may be removed at the buyer’s choice.
The property is located on W Pinhook Road, where the stated daily traffic count is 42,439 vehicles. The site is near the intersection with Kaliste Saloom and within the Oil Center; Girard Park and Downtown Lafayette are also identified as nearby destinations.
The property is located on W Pinhook Road, where the stated daily traffic count is 42,439 vehicles. The site is near the intersection with Kaliste Saloom and within the Oil Center; Girard Park and Downtown Lafayette are also identified as nearby destinations.
Key Highlights
- 0.4‑acre parcel with Commercial zoning
- Recorded property size: 1,350 square feet
- 42,439 vehicles pass daily on Pinhook Road
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,372
Cap Rate
4.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$327,440
$327.4K
Cap Rate 7%
$233,886
$233.9K
Cap Rate 9%
$181,911
$181.9K
Market Conditions
NOI Build-Up for 1,350 SF
Gross rent
$25.4K $18.84/SF
− Vacancy
−$2.0K −$1.51/SF
EGI
$23.4K $17.33/SF
− OpEx
−$7.0K −$5.20/SF
NOI
$16.4K $12.13/SF
Area
Lafayette, 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%
$327,440
Cap Rate 7%
$233,886
Cap Rate 9%
$181,911
Alternative Uses
Best Use
Retail
$233.9K
$204.7K – $272.9K
NOI $16,372 @ 7.0% cap · market cap 4.68%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$319.2K
$279.3K – $372.4K
NOI $22,343 @ 7.0% cap · market cap 6.38%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,200
Businesses Nearby
Explore this area
Business Placement
Demographics for 70503, LA
27,497
Population
13,052
Households
2.1
Avg Household Size
38
Median Age
55%
College-Educated
96%
High-School Grad
11.3 sq mi
ZIP Area
2,433
Density / Sq Mi
$94,360
Median Household Income
$54,170
Median Earnings
$1,087
Median Rent
$326,800
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 Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - The parcel is commercially zoned and has public water and sewer service.
Where is this commercial land located?
The property is located at 409 W Pinhook Road Lafayette, LA.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 0.4‑acre parcel with Commercial zoning; Recorded property size: 1,350 square feet; 42,439 vehicles pass daily on Pinhook Road
