Mixed-Use Property with Overhead
For Sale
$1,450,000
4503 Johnston Street, Lafayette, LA 70503
Commercial Sale, Lafayette, LA
Property Size4,917 SF
Lot Size0.33 Acres
Price / SF$294.90
Days on Market804
Property Features for 4503 Johnston Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 1, Bathroom 2, Bathroom 3
Parking
10
Parking features
Parking Lot
Security features
Security System
Exterior features
OH Door > 20 Ft
Lot features
Corner, Level
Directions
From North Ambassador Caffery, go 1/2 mile east, right onto W Congress, right on Guilbeau, right onto Johnston street, left into Grand Marche Shopping Center, Building is on your left next to White Water Carwash.
Subdivision
G2
Standard status
Active
APN
6144930
Size
4,917 SF
Lot size
0.33 Acres
Taxes and HOA fees
Tax Description
PARCEL A SEC 60 T10S R4E (.328 AC)(110X130)
Legal Description
PARCEL A SEC 60 T10S R4E (.328 AC)(110X130)
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Floors in Building
2
Flooring type
Tile - Ceramic, Concrete
Building materials
Stucco
Roof type
Metal
Listing Agency:
eXp Realty, LLC
(337) 522-7554
Listed By:
Katelyn M Simon · License #995697289
(337) 654-0691
Added: Aug 3, 2024
Changed: Oct 12
Last Checked: Oct 15 at 11:06PM
MLS# 24007320
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.
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Investment Insights
Based on property information with market context.
This mixed-use property combines 2,387 square feet of office space across two stories with a 2,530-square-foot climate-controlled warehouse and retail area. The shop area includes a 509-square-foot storage room, 24-foot eave height and four electrically powered overhead doors, each measuring 12 by 15 feet. LED fluorescent fixtures serve the shop, and the building is constructed with stucco over a metal roof. Interior finishes include concrete and ceramic tile flooring, with central air and electric heat.
Key Highlights
- 4 electrically powered overhead doors, each 12' x 15'
- 24' eave height in shop area
- 2,387 SF of two‑story office space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,632
Cap Rate
4.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,192,640
$1.2M
Cap Rate 7%
$851,886
$851.9K
Cap Rate 9%
$662,578
$662.6K
Market Conditions
NOI Build-Up for 4,917 SF
Gross rent
$92.6K $18.84/SF
− Vacancy
−$7.4K −$1.51/SF
EGI
$85.2K $17.33/SF
− OpEx
−$25.6K −$5.20/SF
NOI
$59.6K $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%
$1,192,640
Cap Rate 7%
$851,886
Cap Rate 9%
$662,578
Alternative Uses
Best Use
Retail
$851.9K
$745.4K – $993.9K
NOI $59,632 @ 7.0% cap · market cap 4.11%
Second Best
Mixed Use
$811.3K
$709.9K – $946.5K
NOI $56,791 @ 7.0% cap · market cap 3.92%
Theoretical Best
Office A
$1.16M
$1.02M – $1.36M
NOI $81,378 @ 7.0% cap · market cap 5.61%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
24 ft
Clear height
42,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
681
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
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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?
Mixed-use property - Two-story office space sits alongside a climate-controlled warehouse and retail area at a commercial intersection.
Where is this mixed-use property located?
The property is located at 4503 Johnston Street Lafayette, LA.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: 4 electrically powered overhead doors, each 12' x 15'; 24' eave height in shop area; 2,387 SF of two‑story office space
