Corner Storefront
4801 Johnston Street, Lafayette, LA 70503
For Sale
$369,990
G2 Commercial zoning accompanies this freestanding commercial property at a Lafayette street corner.
Property Size1,055 SF
Lot Size0.34 Acres
Price / SF$350.70
Days on Market97
Property Features for 4801 Johnston Street
General Information
Standard status
Size
Lot size
Zoning
Additional Details
Corner Location
Taxes and HOA fees
Annual Taxes
Building Details
Buildings
Listing Agency:
Keller Williams Realty Acadiana
(337) 735-9300
Listed By:
Ivan Jennings · License #995702198
(337) 298-0889
Source:
Exprealty
Added: Aug 3
Changed: Oct 31
Last Checked: Nov 6 at 9:15AM
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
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Investment Insights
Based on property information with market context.
A freestanding 1,055-square-foot building sits on a 0.34-acre corner parcel at Johnston Street and Antigua Drive in Lafayette. The property is classified under G2 Commercial zoning.
Key Highlights
- Freestanding building with 1,055 square feet
- 0.34‑acre corner parcel
- At Johnston Street and Antigua Drive in Lafayette
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
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
815
Businesses Nearby
Under-served
Demand for This Use
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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
$326,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Storefront properties in Lafayette, LA
Properties on Market for Storefront properties in Lafayette
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Flowers & More By Dean — 292 Ridge Rd #7, Lafayette, LA 70506
- Sam's Club Floral — 3222 Ambassador Caffery Pkwy, Lafayette, LA 70506
- Lafayette Flower Factory — 103 Westmark Blvd #1, Lafayette, LA 70506
Frequently Asked Questions
What type of property is this?
Storefront property - G2 Commercial zoning accompanies this freestanding commercial property at a Lafayette street corner.
Where is this storefront property located?
The property is located at 4801 Johnston Street 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 building with 1,055 square feet; 0.34‑acre corner parcel; At Johnston Street and Antigua Drive in Lafayette
