Building Details

Buildings 3

Building Size 45,984 SF

Abandoned No

Listing Agency: Keller Williams Realty Acadiana i***@gmail.com Show Phone

Listed By: Walter R Campbell · License #51344 Show Phone

Source: Exprealty

Added: Sep 30 Changed: Oct 6 Last Checked: Oct 5 at 8:09PM

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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 three-building mixed-use complex on 8.3 acres contains 45,984 square feet of office, warehouse, and fabrication space. Building 1 has approximately 16,200 square feet, including 8,000 square feet of finished offices, 1,600 square feet of unfinished space, and climate-controlled and non-climate-controlled shop and warehouse areas. Building 2 offers approximately 12,000 square feet of offices, with reception, conference, kitchen, and break areas. Building 3 contains approximately 17,784 square feet for industrial and fabrication use, including 7,200 square feet of climate-controlled space. Eave heights reach 22 feet in warehouse areas and 30 feet in Building 3, which also has a 15-ton bridge crane with a 150-foot run.

The property fronts Johnston Street, north of Maurice. A stabilized, fenced yard includes an approximately 6,000-square-foot open canopy. The site also has approximately 35,000 square feet of cement parking and drives, plus an approximately 63,500-square-foot limestone yard associated with Building 3. Electrical service is three-phase, 480 volts.

Key Highlights

• 45,984 square feet across three buildings on 8.3 acres
• Building 3 has eave heights as high as 30' and a 15‑ton bridge crane with a 150' run
• Building 1 includes 8,000 square feet of finished office space and climate‑controlled shop area

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$263,449

Cap Rate

4.79%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$5,268,980 $5.3M

Cap Rate 7%

$3,763,557 $3.8M

Cap Rate 9%

$2,927,211 $2.9M

Market Conditions

NOI Build-Up for 45,984 SF

Gross rent

$325.6K $7.08/SF

− Vacancy

−$15.6K −$0.34/SF

EGI

$309.9K $6.74/SF

− OpEx

−$46.5K −$1.01/SF

NOI

$263.4K $5.73/SF

Area

Lafayette, LA

Vacancy

4.80%

Lease Rate

$7.08 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$5,268,980

Cap Rate 7%

$3,763,557

Cap Rate 9%

$2,927,211

Alternative Uses

Best Use

Office B

$7.64M

$6.69M – $8.92M (±1% cap)

NOI $535,116 @ 7.0% cap · market cap 9.73%

Second Best

Mixed Use

$7.59M

$6.64M – $8.85M (±1% cap)

NOI $531,115 @ 7.0% cap · market cap 9.66%

Theoretical Best

Office A

$10.87M

$9.51M – $12.68M (±1% cap)

NOI $761,054 @ 7.0% cap · market cap 13.84%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Control Concepts & Technology Professional Services

Suggested Use

Top Pick Real Estate Agency Big Box & Wholesale Store Restaurant Auto Repair Shop Storage Facility 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

Fenced yard

Yes

Paved road access

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

64

Businesses Nearby

Explore this area Business Placement

Demographics for 70555, LA

8,925

Population

3,408

Households

2.6

Avg Household Size

36

Median Age

22%

College-Educated

86%

High-School Grad

47.2 sq mi

ZIP Area

189

Density / Sq Mi

$71,694

Median Household Income

$52,183

Median Earnings

$1,241

Median Rent

$228,500

Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 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 mixed-use properties located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Mixed-use property - Office, warehouse, and fabrication areas are supported by fenced yard space, a canopy, and three-phase power.

Where is this mixed-use property located?

The property is located at 7616 Johnston St Maurice, LA.

What is the asking price?

The asking price for this property is $5,500,000.

What are key features of this property?

This property features: 45,984 square feet across three buildings on 8.3 acres; Building 3 has eave heights as high as 30' and a 15‑ton bridge crane with a 150' run; Building 1 includes 8,000 square feet of finished office space and climate‑controlled shop area