Commercial Land with Freestanding
For Sale
$369,990
4801 Johnston Street, Lafayette, LA 70503
Commercial Sale, Lafayette, LA
Property Size1,055 SF
Lot Size0.34 Acres
Price / SF$350.70
Days on Market82
Property Features for 4801 Johnston Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
BG
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Lot features
Corner Lot
Directions
Take Johnston Street South from Ambassador Caffrey, property will be on the right on the corner of Johnston and Antigua
Subdivision
G2
Standard status
Active
APN
6030689
Size
1,055 SF
Lot size
0.34 Acres
Taxes and HOA fees
Tax Description
LOT 259 GRAND GLADE SUB (87.6X130.1X91.3X130) (DACQUIRI HUT INC)
Tax Annual Amount
1516
Legal Description
LOT 259 GRAND GLADE SUB (87.6X130.1X91.3X130) (DACQUIRI HUT INC)
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air, Ceiling Fan(s), Window Unit(s)
Building Details
Floors in Building
1
Building materials
Frame
Roof type
Composition
Listing Agency:
Keller Williams Realty Acadiana
(337) 735-9300
Listed By:
Ivan Jennings · License #995702198
(337) 298-0889
Added: Aug 3
Changed: Oct 23
Last Checked: Oct 23 at 3:06PM
MLS# 2600007152
Copyright © 2026 ROAM MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 0.34-acre commercial parcel sits at the corner of Johnston Street and Antigua Drive in Lafayette. A freestanding 1,055-square-foot frame building is on the site, with one bathroom. The property has a composition roof and central heating; cooling features include central air, window units, and ceiling fans. Natural gas is available, and public sewer is listed.
Key Highlights
- 0.34‑acre corner parcel at Johnston Street and Antigua Drive
- Freestanding 1,055‑square‑foot frame building
- Natural gas available; public sewer
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?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
815
Businesses Nearby
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Commercial land - The Johnston Street parcel includes an existing building, natural gas availability, and public sewer.
Where is this commercial land 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: 0.34‑acre corner parcel at Johnston Street and Antigua Drive; Freestanding 1,055‑square‑foot frame building; Natural gas available; public sewer
