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    1229 Evangeline Thruway Lafayette, LA 70501

    Sponsored
    For Lease
    $5 SF/Yr

    Versatile warehouse, multiple tenants, 228,569 sqft

    Lot size:
    228,569 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Lafayette, Louisiana industrial property, located at 1229 NW Evangeline Thruway (zip code 70501), offers 228,569 square feet of versatile space ideal for manufacturing, flex, warehouse, distribution, or R&D uses. Currently featuring multiple tenants, 100,000 square feet is immediately available. The single-story building, renovated in 2001, sits on a 27-acre lot and boasts a 20-foot ceiling height. Access is provided by three dock-high doors and one drive-in door. The building is climate-controlled (heated and cooled) and offers the advantage of fiber Gigabit internet connectivity. The zoning is designated as CH. The property's dimensions are approximately 310 feet by 325 feet, and it is situated within an Opportunity Zone. The building can be subdivided into increments of 10,000 and 100,000 square feet, offering flexibility for various business needs. This prime location provides easy access via Evangeline Thruway. The building has a floor area ratio (FAR) of 0.2.

    Property Features for 1229 Evangeline Thruway

    General Information

    Property type
    Life science properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    228,569 SF
    Total Rate
    99998.94

    Building Details

    Year Renovated
    2001
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Suite 2
    Size
    100,000 SF
    Rate per SF
    $5

    HighLights

    • 228,569 SF industrial building in Lafayette, LA (70501) on a 27‑acre lot.
    • 100,000 SF immediately available, suitable for manufacturing, flex, warehouse, distribution, or R&D.
    • Single‑story building, renovated in 2001, with 20' ceilings.
    • Three dock‑high doors, one drive‑in door, climate‑controlled, and Gigabit fiber internet.
    • CH zoning, located in an Opportunity Zone, easily accessible via Evangeline Thruway.
    • Divisible into 10,000 SF and 100,000 SF increments.
    Property Profile Location Intelligence

    Current Use by Public Records

    Life science properties

    Map

    City
    Lafayette
    County
    Lafayette
    State
    Louisiana
    Longitude
    -92.01434067
    Latitude
    30.23862957

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    FAQs

    What type of property is this?
    Life science property - Versatile warehouse, multiple tenants, 228,569 sqft
    Where is this life science property located?
    The property is located at 1229 Evangeline Thruway Lafayette, LA.
    What is the lease rate?
    The lease rate is $5 SF/Yr.
    What are key features of this property?
    This property features: 228,569 SF industrial building in Lafayette, LA (70501) on a 27-acre lot.; 100,000 SF immediately available, suitable for manufacturing, flex, warehouse, distribution, or R&D.; Single-story building, renovated in 2001, with 20' ceilings.
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    1229 Evangeline Thruway Lafayette, LA 70501
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    Lafayette, LA 70501
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    Realmo Value Estimation

    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.

    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.

    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
    1229 Evangeline Thruway Lafayette, LA 70501
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