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    Lafayette Commercial Night Club/Bar Title is generated by Realmo AI

    945 E Simcoe Street, Lafayette, LA 70501

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    Claim this Listing
    For Sale
    $400,000

    COMMERCIAL - Lafayette, LA

    Property size:
    7,000 SF
    Price / SF:
    $57/SF
    Added:
    Aug 26, 2025
    Days on Market:
    271
    Last Refresh:
    May 23 at 11:06 am

    Property Features for 945 E Simcoe Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Commercial
    Bathrooms
    12
    Rooms
    Bathroom 6, Bathroom 1, Bathroom 5, Bathroom 9, Bathroom 11, Bathroom 2, Bathroom 12, Bathroom 3, Bathroom 4, Bathroom 10, Bathroom 7, Bathroom 8
    Parking features
    Parking Lot, On Street
    Exterior features
    Outside Storage, Storage Building
    Standard status
    Active
    APN
    6045196
    Size
    7,000 SF

    Taxes and HOA fees

    Tax Description
    LOT 3 & E 16FT LOT 4 BLK 3 PARKDALE EXT 1 W 20FT LOT 2 BLK 3 PARKDALE EXT 1 (20X148)

    Utilities

    Heating system
    Central
    Cooling system
    Ceiling Fan(s), Central Air
    Water source
    Public

    Building Details

    Floors in Building
    1
    Flooring type
    Tile - Ceramic
    Roof type
    Metal
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Dennis Jones
    Dennis Jones

    Listing agent Dennis Jones License #995684209

    Listing office Real Broker, LLC 300 Rue Beauregard, Unit I, Baton Rouge, LA

    Listing date Aug 26, 2025

    MLS# 2500002833

    Copyright © 2026 Realtor Association of Acadiana. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Fully functional nightclub/bar, nearly 100% ready for business.
    • Prime location on the 'Simcoe Strip'.
    • Large capacity: +/- 7000 sq ft with max occupancy around 1100 people.
    • Updated sound system, lighting, and stage for performances.
    • Two fully functional bars and a large outside patio.
    • New fire and sprinkler system up to code.

    Overview

    This commercial property, located on the 'Simcoe Strip' in Lafayette, Louisiana, presents an opportunity to own a fully functional night club/bar. The building, with a size of approximately 7000 square feet, has a maximum occupancy of around 1100 people. It features updated sound and lighting systems, a stage for performances, and two fully functional bars. The property also includes a large outside patio and a storage facility/shed in the back. A new fire and sprinkler system has been installed to meet current codes. Most of the furniture, fixtures, and equipment (FF&E) are included in the sale of the property. This property is zoned commercial and is nearly 100% ready for business.
    Property Profile Location Intelligence

    Current Use by Public Records

    Night clubs

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Similar Places Nearby

    • Festival International de Louisiane — 315 Lee Ave, Lafayette, LA 70501
    • Murphy's law — Lafayette, LA 70501
    • Frankie's BEST Daiquiris! - DRIVE THRU — Between West & East Bound - Hwy 90, 110 14th St, Lafayette, LA 70501
    • Spoonbill Watering Hole & Restaurant — 900 Jefferson St, Lafayette, LA 70501
    • Artmosphere — 902 Johnston St, Lafayette, LA 70501

    Location Insight

    • Map
    • Local Demand
    City
    Lafayette
    County
    Lafayette
    State
    Louisiana
    Longitude
    -92.004744
    Latitude
    30.230509

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    FAQs

    What type of property is this?
    Night club - Fully functional night club/bar on Simcoe Strip for sale.
    Where is this night club located?
    The property is located at 945 E Simcoe Street Lafayette, LA.
    What is the asking price?
    The asking price for this property is $400,000.
    What are key features of this property?
    This property features: Fully functional nightclub/bar, nearly 100% ready for business.; Prime location on the 'Simcoe Strip'.; Large capacity: +/- 7000 sq ft with max occupancy around 1100 people.
    (337) 852-5236
    We can help!
    Listing Contact
    Dennis Jones
    Dennis Jones
    Real Estate License ID: 995684209
    Request Owner's contact information
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    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.

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