Building Details

Buildings 1

Listing Agency: Keller Williams Realty Acadiana Show Phone

Listed By: Ivan Jennings · License #995702198 Show Phone

Source: Exprealty

Added: Aug 3 Changed: Oct 5 Last Checked: Oct 6 at 12:35AM

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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.

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 / Yr

$12,795

Cap Rate

3.46%

Suggested Prices Based on Cap Rates

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

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 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 (±1% cap)

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 (±1% cap)

NOI $17,461 @ 7.0% cap · market cap 4.72%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

SW Auto LLC Car Dealership

Suggested Use

Top Pick HVAC Service Parking Lot & Garage Carpet & Flooring Store Catering Service Law Firm Garden Center

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

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

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this storefront properties located? What is the asking price? Find similar properties What are key features of this property?

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Similar Off Market Nearby

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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