Corner Office & Warehouse
For Sale
$1,450,000
4503 Johnston Street, Lafayette, LA 70503
COMMERCIAL - Lafayette, LA
Property Size4,917 SF
Lot Size0.33 Acres
Price / SF$294.90
Days on Market740
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
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: Aug 4
Last Checked: Aug 12 at 8:06PM
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.
Investment Insights
Based on property information with market context.
This corner commercial facility combines a two-story office component with a climate-controlled warehouse/detail shop area. The office space totals 2,387 SF, and the climate-controlled shop/warehouse area totals 2,530 SF, including a 509 SF storage room build-out. The shop area has a 24' eave height and includes (4) 12' x 15' electrically powered overhead doors. Interior lighting is provided by LED fluorescent fixtures.
The property is located at the corner of Johnston St. and Camellia Blvd. within the center of Lafayette, positioned inside a retail development. The intersection is described as high volume, with 42,000 vehicles passing the location daily.
Previously used as a corporate office and a climate-controlled detail shop for oversized vehicles, the building is currently configured to support both office functions and vehicle-related service or storage needs within a controlled environment. Zoning is listed as Commercial.
The property is located at the corner of Johnston St. and Camellia Blvd. within the center of Lafayette, positioned inside a retail development. The intersection is described as high volume, with 42,000 vehicles passing the location daily.
Previously used as a corporate office and a climate-controlled detail shop for oversized vehicles, the building is currently configured to support both office functions and vehicle-related service or storage needs within a controlled environment. Zoning is listed as Commercial.
Key Highlights
- 2‑story office building totaling 2,387 SF plus climate‑controlled warehouse/retail area of 2,530 SF
- Corner location on Johnston St & Camellia Blvd in the center of Lafayette within a retail development
- High‑volume intersection with 42,000 vehicles passing daily
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
$57,219
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
3.95%
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%
$1,144,380
$1.1M
Cap Rate 7%
$817,414
$817.4K
Cap Rate 9%
$635,767
$635.8K
Market Conditions
NOI Build-Up for 4,917 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
$88.5K $18.00/SF
− Vacancy
−$12.2K −$2.48/SF
EGI
$76.3K $15.52/SF
− OpEx
−$19.1K −$3.88/SF
NOI
$57.2K $11.64/SF
Area
Lafayette, LA
Vacancy
13.80%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
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%
$1,144,380
Cap Rate 7%
$817,414
Cap Rate 9%
$635,767
Alternative Uses
Best Use
Office B
$817.4K
$715.2K – $953.7K
NOI $57,219 @ 7.0% cap · market cap 3.95%
Second Best
Warehouse
$402.4K
$352.1K – $469.5K
NOI $28,170 @ 7.0% cap · market cap 1.94%
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.
Property Analytics
Property Profile
Current Use
Lease Details
24 ft
Clear height
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
170
Businesses Nearby
Balanced
Demand for This Use
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Kevin Killion services — 203 Bonaire Dr, Lafayette, LA 70506
Frequently Asked Questions
What type of property is this?
Flex space - Two-story office plus climate-controlled warehouse/detail shop with electrically powered overhead doors at a high-volume intersection.
Where is this flex space 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: 2‑story office building totaling 2,387 SF plus climate‑controlled warehouse/retail area of 2,530 SF; Corner location on Johnston St & Camellia Blvd in the center of Lafayette within a retail development; High‑volume intersection with 42,000 vehicles passing daily
