Freestanding Storefront
For Sale
$369,990
4801 Johnston St, Lafayette, LA 70503
Corner commercial property with G2 zoning and potential for retail, office, food service, or specialty commercial use.
Property Size1,055 SF
Lot Size0.34 Acres
Price / SF$350.70
Days on Market20
Property Features for 4801 Johnston St
General Information
Standard status
Active
Size
1,055 SF
Lot size
0.34 Acres
Zoning
G2 Commercial
Site & Location
Corner Location
Yes
Road Access
Yes
Additional Details
Land Use
commercial
Building Details
Buildings
1
Listing Agency:
Keller Williams Realty Acadiana
(337) 298-0889
Listed By:
Ivan Jennings · License #995702198
(337) 298-0889
Source:
Exprealty
Added: Aug 3
Changed: Aug 20
Last Checked: Aug 21 at 10:51AM
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 Keller Williams Realty Acadiana
Investment Insights
Based on property information with market context.
This freestanding storefront property includes a 1,055-square-foot building on a 0.34-acre corner parcel. The site is positioned at Johnston Street and Antigua Drive and carries G2 Commercial zoning. The property information identifies potential applications including retail, office, food and beverage service, and other specialty commercial uses.
Its corner configuration places the building along a major commercial corridor in Lafayette, with direct access from Johnston Street and Antigua Drive. The combination of an existing building, commercial zoning, and a visible corner setting supports a range of storefront-oriented commercial applications.
Its corner configuration places the building along a major commercial corridor in Lafayette, with direct access from Johnston Street and Antigua Drive. The combination of an existing building, commercial zoning, and a visible corner setting supports a range of storefront-oriented commercial applications.
Key Highlights
- Freestanding 1,055‑square‑foot building
- 0.34‑acre corner parcel
- Located at Johnston Street and Antigua Drive
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
$12,795
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
3.46%
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%
$255,900
$255.9K
Cap Rate 7%
$182,786
$182.8K
Cap Rate 9%
$142,167
$142.2K
Market Conditions
NOI Build-Up for 1,055 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
$19.9K $18.84/SF
− Vacancy
−$1.6K −$1.51/SF
EGI
$18.3K $17.33/SF
− OpEx
−$5.5K −$5.20/SF
NOI
$12.8K $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 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%
$255,900
Cap Rate 7%
$182,786
Cap Rate 9%
$142,167
Alternative Uses
Best Use
Retail
$182.8K
$159.9K – $213.3K
NOI $12,795 @ 7.0% cap · market cap 3.46%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$249.4K
$218.3K – $291.0K
NOI $17,461 @ 7.0% cap · market cap 4.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
815
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Lafayette Flower Factory — 103 Westmark Blvd #1, Lafayette, LA 70506
- Flowers & More By Dean — 292 Ridge Rd #7, Lafayette, LA 70506
- Sam's Club Floral — 3222 Ambassador Caffery Pkwy, Lafayette, LA 70506
Frequently Asked Questions
What type of property is this?
Storefront property - Corner commercial property with G2 zoning and potential for retail, office, food service, or specialty commercial use.
Where is this storefront property located?
The property is located at 4801 Johnston St Lafayette, LA.
What is the asking price?
The asking price for this property is $369,990.
What are key features of this property?
This property features: Freestanding 1,055‑square‑foot building; 0.34‑acre corner parcel; Located at Johnston Street and Antigua Drive
