Standalone Retail Building with
4545 Johnston St Lafayette, LA 70503
4545 Johnston St, Lafayette, LA, 70503
$825,000
For Sale
$825,000
Standalone retail building on surplus land with Johnston St frontage, visibility, and CH zoning.
Property Size4,018 SF
Lot Size0.76 Acres
Price / SF$205.33
Days on Market52
Property Features for 4545 Johnston St
General Information
- Standard status
- Active
- Size
- 4,018 SF
- Lot size
- 0.76 Acres
- Property subtype
- Retail
Listing agency
Elifin Realty
(501) 513-7394
Listed by
Mark Johns · License #995715972
(501) 513-7394
Source
Elifinrealty
Added: Jun 2 Updated: Jul 22 at 3:14PM Checked: Jul 22 at 3:14PM
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
Investment Insights
Based on property information with market context.
4545 Johnston St is an improved standalone retail building on approximately 10.76 acres, with additional surplus land suitable for further development. The property includes 1,150 feet of frontage along Johnston St.
The frontage provides exposure described as 24,745 in daily visibility, and the listing notes retail tenant rent of $5,000 per month. Lamar Advertising is also listed at $950 per month.
The property is zoned CH (Commercial Heavy), supporting commercial uses consistent with the stated zoning designation.
The frontage provides exposure described as 24,745 in daily visibility, and the listing notes retail tenant rent of $5,000 per month. Lamar Advertising is also listed at $950 per month.
The property is zoned CH (Commercial Heavy), supporting commercial uses consistent with the stated zoning designation.
Key Highlights
- ±4,018 SF standalone retail building on ±0.76 acre
- Surplus land for additional development with 150 ft of frontage on Johnston St
- Johnston St frontage noted for 24,745 visibility per day
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $75.7k | $18.84 |
| − Vacancy | −$6.1k | −$1.51 |
| EGI | $69.6k | $17.33 |
| − OpEx | −$20.9k | −$5.20 |
| NOI | $48.7k | $12.13 |
4,018 SF · lease $18.84/SF/yr · vacancy 8.04% · expense 30.00%
Alternative Uses
Best Use
Retail
$696.1K
$609.1K – $812.2K
NOI $48,729 @ 7.0% cap · market cap 5.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$950.0K
$831.3K – $1.11M
NOI $66,500 @ 7.0% cap · market cap 8.06%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Farrell-Calhoun Paint
Hardware & Home Improvement
Similar For Sale Nearby
Similar Off Market Nearby
- Lafayette Flower Factory — 103 Westmark Blvd #1, Lafayette, LA 70506
FAQs
What type of property is this?
Storefront property - Standalone retail building on surplus land with Johnston St frontage, visibility, and CH zoning.
Where is this storefront property located?
The property is located at 4545 Johnston St Lafayette, LA.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: ±4,018 SF standalone retail building on ±0.76 acre; Surplus land for additional development with 150 ft of frontage on Johnston St; Johnston St frontage noted for 24,745 visibility per day
