Versatile Industrial Opportunity For
405 Wall St Lafayette, LA 70506
405 Wall St, Lafayette, LA, 70506
Contact for pricing
For Sale
Contact for pricing
Industrial property with prime location, accessibility, and ample parking.
Property Size5,609 SF
Price / SF$89.14
Days on Market688
Property Features for 405 Wall St
General Information
- Standard status
- Active
- Size
- 5,609 SF
- Property subtype
- Industrial
Listing Agency
Elifin Realty Lafayette
Listed by
Mark Johns · License #995715972
Source
Crexi
Added: Aug 29, 2024 Checked: Jul 17 at 6:28 am
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 Elifin Realty Lafayette
Investment Insights
Based on property information with market context.
Located off Eraste Landry Road, 405 Wall St is a versatile industrial property available for sale. This corner lot offers accessibility and visibility, making it suitable for various business uses. The property includes ample parking, a ground-level roll-up door, and a lay-down yard in the rear. The property has easy access to major thoroughfares such as Bertrand Dr and Ambassador Caffery Pkwy. The building has a total size of 5,609 square feet. The current owner is open to remodeling the space for qualified buyers.
Key Highlights
- Prime location off Eraste Landry Road with excellent accessibility and visibility.
- Ample parking and practical layout suitable for various business uses.
- Ground level roll‑up door and lay down yard in the rear.
Local Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $39.7k | $7.08 |
| − Vacancy | −$1.9k | −$0.34 |
| EGI | $37.8k | $6.74 |
| − OpEx | −$11.3k | −$2.02 |
| NOI | $26.5k | $4.72 |
5,609 SF · lease $7.08/SF/yr · vacancy 4.80% · expense 30.00%
Alternative Uses
Best Use
Industrial
$378.1K
$330.8K – $441.1K
NOI $26,464 @ 7.0% cap · market cap 5.29%
Second Best
Flex RnD
$351.1K
$307.2K – $409.6K
NOI $24,574 @ 7.0% cap · market cap 4.91%
Theoretical Best
Office A
$1.33M
$1.16M – $1.55M
NOI $92,831 @ 7.0% cap · market cap 18.57%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
CalCorp Inc Roofing
Roofing Company
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Industrial property with prime location, accessibility, and ample parking.
Where is this flex space located?
The property is located at 405 Wall St Lafayette, LA.
What is the asking price?
The asking price for this property is $499,999.
What are key features of this property?
This property features: Prime location off Eraste Landry Road with excellent accessibility and visibility.; Ample parking and practical layout suitable for various business uses.; Ground level roll‑up door and lay down yard in the rear.
