Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Premier Site Along I-10 Title is generated by Realmo AI

    3225 Louisiana Avenue, Lafayette, LA 70501

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Excellent location with great visibility and recent expansion.

    Type:Land
    Added:
    Aug 1, 2019
    Days on Market:
    2500
    Last Refresh:
    May 19 at 9:31 pm

    Property Features for 3225 Louisiana Avenue

    General Information

    Standard status
    Active
    Property subtype
    Land

    We can help!

    Listing Contact
    Charles Cornay

    Listing agent Charles Cornay License #LA 47933

    Listing office Stirling Properties Lafayette

    Listing date Aug 1, 2019

    Source Crexi

    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 Stirling Properties Lafayette

    HighLights

    • Premier location with high visibility along I‑10 at Louisiana Avenue.
    • Fully stabilized center with one remaining outparcel suitable for a hotel.
    • Ideal location due to recent expansion of Louisiana Avenue.
    • Strong tenant mix including Target, Academy Sports + Outdoors, and JCPenney.
    • Lafayette's residential and income growth supports a two‑store market for national retailers.
    • Proximity to major retailers and restaurants like McDonalds and Chick‑fil‑A.

    Overview

    This commercial land is a premier site located along I-10 at Louisiana Avenue. The location benefits from high visibility along Interstate 10 and the recent expansion of Louisiana Avenue. The property is positioned within a fully stabilized center and is suitable for a hotel. The surrounding area includes retailers such as Target, Academy Sports + Outdoors, JCPenney, Office Depot, Ross Dress for Less, ULTA Beauty, Rack Room Shoes, Game Stop, maurices, Hibbett, Lane Bryant, GNC, AT&T, Verizon, Cato and Petco, along with fast-food restaurants like McDonalds, Chick-fil-A and Taco Bell. The Lafayette MSA's residential and income growth over the last 10 years makes it a desirable market for national retailers.
    Location Intelligence

    Current Use by Public Records

    Tesla Supercharger Electric Vehicle Charging Station CVS Pharmacy Pharmacy CVS Pharmacy Tram P. Dang, ... Pharmacy Target Mobile Mobile Phone Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lafayette
    County
    Lafayette
    State
    Louisiana
    Longitude
    -91.9966008
    Latitude
    30.2656544

    Nearby Similar for Sale

    • $735,000
      5,856 SF

      Neighborhood Strip Center Investment

      Fully leased strip center with four suites and strong on-site parking in a high-demand commercial corridor.
      107 Energy Parkway, Lafayette, LA 70508
      View Details
    • $825,000
      3,476 SF

      Historic Downtown Lafayette Commercial Property

      Renovated historic commercial property in downtown Lafayette with rental income.
      120 Caillouett Place, Lafayette, LA 70501
      View Details
    • $375,000
      4,000 SF

      Versatile Commercial Property on Corner Lot

      4,000 SF commercial property suitable for various business uses.
      1101 Louisiana Avenue, Lafayette, LA 70501
      View Details
    • $285,000
      5,800 SF

      Versatile Industrial Facility Near Highway

      Well-maintained industrial building with three suites and high accessibility.
      405 Mecca Street, Lafayette, LA 70508
      View Details
    • $425,000
      3,900 SF

      Downtown Lafayette Commercial Property

      Prime commercial property in downtown Lafayette with office and warehouse space.
      310 S Buchanan Street, Lafayette, LA 70501
      View Details
    • $649,000
      4,200 SF

      Mixed-Use Building in Lafayette

      Mixed-use building with income potential in a high-visibility location.
      2807 Kaliste Saloom Road, Lafayette, LA 70508
      View Details
    • $1,100,000
      8,576 SF

      Lafayette Multi-Purpose Event Center

      Versatile event center with commercial kitchen and outdoor pavilion.
      200 Rue Du Belier, Lafayette, LA 70506
      View Details
    • $475,000
      5,000 SF

      Lafayette Commercial Investment Opportunity

      Two-unit commercial property with office, warehouse, and retail spaces.
      201 Marcon Drive, Lafayette, LA 70507
      View Details
    • $380,000
      2,570 SF

      Former Coffee Shop Opportunity

      Commercial property in Lafayette, formerly a coffee shop, priced to sell.
      410 Poydras Street, Lafayette, LA 70501
      View Details
    • $525,000
      2,067 SF

      Professional Office Building For Sale

      Impressive office building suitable for medical or professional use.
      113 Representative, Lafayette, LA 70508
      View Details
    • $1,300,000
      8,816 SF

      Professional Office with Optional Income

      Well-maintained office property in Lafayette with flexible income potential.
      114 Representative Row, Lafayette, LA 70508
      View Details
    • $495,000
      3,001 SF

      Versatile Office Property Near Downtown

      Centrally located office property with flexible tenant suite options.
      311 W University Avenue, Lafayette, LA 70501
      View Details

    FAQs

    What type of property is this?
    Commercial land - Excellent location with great visibility and recent expansion.
    Where is this commercial land located?
    The property is located at 3225 Louisiana Avenue Lafayette, LA.
    What are key features of this property?
    This property features: Premier location with high visibility along I‑10 at Louisiana Avenue.; Fully stabilized center with one remaining outparcel suitable for a hotel.; Ideal location due to recent expansion of Louisiana Avenue.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Charles Cornay
    Real Estate License ID: LA 47933
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    3225 Louisiana Avenue, Lafayette, LA 70501
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!