Building Details

Building Size 4,018 SF

Listing Agency: Elifin Realty

Listed By: Mark Johns · License #995715972 Show Phone

Source: Elifinrealty

Added: Jun 2 Changed: Oct 1 Last Checked: Oct 20 at 7:05PM

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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.

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

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$48,729

Cap Rate

5.91%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$974,580 $974.6K

Cap Rate 7%

$696,129 $696.1K

Cap Rate 9%

$541,433 $541.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,018 SF

Gross rent

$75.7K $18.84/SF

− Vacancy

−$6.1K −$1.51/SF

EGI

$69.6K $17.33/SF

− OpEx

−$20.9K −$5.20/SF

NOI

$48.7K $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%

$974,580

Cap Rate 7%

$696,129

Cap Rate 9%

$541,433

Alternative Uses

Best Use

Retail

$696.1K

$609.1K – $812.2K (±1% cap)

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 (±1% cap)

NOI $66,500 @ 7.0% cap · market cap 8.06%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Farrell-Calhoun Paint Hardware & Home Improvement

Suggested Use

Top Pick Real Estate Agency Law Firm Building Supply Auto Parts Store Big Box & Wholesale Store HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

24,745 VPD

Traffic count

Location Intelligence

Trade Area within ½ mile

777

Businesses Nearby

Under-served

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 Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

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Frequently Asked Questions

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