Industrial Building with
For Sale
$525,000
Pending
4410 NE Evangeline Thruway, Carencro, LA 70520
COMMERCIAL - Carencro, LA
Property Size5,000 SF
Lot Size1.71 Acres
Days on Market117
Property Features for 4410 NE Evangeline Thruway
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Unzoned
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2
Parking features
Parking Lot, Off Street
Exterior features
OH Door 10 - 15 Ft
Lot features
Additional Land Avail
Directions
From Lafayette take I-49 northbound, right Exit-4 at Hector Connelly Rd, first left on the I-49 Frontage Rd northbound, the property is 1.6 miles on the right.
Subdivision
B
Standard status
Pending
APN
6128512
Size
5,038 SF
Lot size
1.71 Acres
Taxes and HOA fees
Tax Description
TR 8-B-3 SEC 79 T8S R4E (1.706) AC
Legal Description
TR 8-B-3 SEC 79 T8S R4E (1.706) AC
Utilities
Sewer type
Septic Tank
Heating system
Electric (Heating), Central
Cooling system
Central Air
Water source
Public
Building Details
Flooring type
Concrete
Roof type
Metal
Listing Agency:
Scout Real Estate Co.
(337) 443-0880
Listed By:
Tim Skinner · License #0995683114
(337) 205-1635
Added: May 5
Changed: Aug 4
Last Checked: Aug 29 at 2:06AM
MLS# 2600003975
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 industrial building offers a combined layout of office and warehouse space, totaling approximately 5,000 square feet. The configuration includes about 832 square feet of office space, 4,203 square feet of warehouse area, and an additional 1,000 square feet of rear canopy workspace.
Access is supported by three roll-up doors, each approximately 14 feet high, offering practical loading and operational flexibility. The property sits on approximately 1.71 acres, providing space that can support future development or yard storage.
The building is located on I-49 (Service Rd) in Upper Lafayette Parish, with zoning identified as unzoned in the listing information.
Access is supported by three roll-up doors, each approximately 14 feet high, offering practical loading and operational flexibility. The property sits on approximately 1.71 acres, providing space that can support future development or yard storage.
The building is located on I-49 (Service Rd) in Upper Lafayette Parish, with zoning identified as unzoned in the listing information.
Key Highlights
- 5,000 SF industrial building with 832 SF office, 4,203 SF warehouse, and 1,000 SF rear canopy workspace
- 3 roll‑up doors, each 14 ft high, for strong vehicle access and ventilation
- Situated on 1.7 acres, offering space for future development or yard storage
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
$29,325
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
5.59%
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%
$586,500
$586.5K
Cap Rate 7%
$418,929
$418.9K
Cap Rate 9%
$325,833
$325.8K
Market Conditions
NOI Build-Up for 5,038 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
$45.3K $9.00/SF
− Vacancy
−$227 −$0.05/SF
EGI
$45.1K $8.96/SF
− OpEx
−$15.8K −$3.13/SF
NOI
$29.3K $5.82/SF
Area
Lafayette County, LA
Vacancy
0.50%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
35.00%
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%
$586,500
Cap Rate 7%
$418,929
Cap Rate 9%
$325,833
Alternative Uses
Best Use
Office B
$837.5K
$732.8K – $977.1K
NOI $58,627 @ 7.0% cap · market cap 11.17%
Second Best
Flex RnD
$418.9K
$366.6K – $488.8K
NOI $29,325 @ 7.0% cap · market cap 5.59%
Theoretical Best
Office A
$1.19M
$1.04M – $1.39M
NOI $83,381 @ 7.0% cap · market cap 15.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
45
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 70520, LA
20,017
Population
9,011
Households
2.2
Avg Household Size
37
Median Age
21%
College-Educated
87%
High-School Grad
38.8 sq mi
ZIP Area
516
Density / Sq Mi
$65,956
Median Household Income
$43,019
Median Earnings
$953
Median Rent
$199,600
Median Home Value
Market
Vacancy Rate% for Office 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 building for sale with office space, rear canopy workspace, and three 14-foot roll-up doors.
Where is this flex space located?
The property is located at 4410 NE Evangeline Thruway Carencro, LA.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: 5,000 SF industrial building with 832 SF office, 4,203 SF warehouse, and 1,000 SF rear canopy workspace; 3 roll‑up doors, each 14 ft high, for strong vehicle access and ventilation; Situated on 1.7 acres, offering space for future development or yard storage
