Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    10 And Louisiana Ave Lafayette, LA 70501

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    10 And Louisiana Ave Lafayette, LA 70501

    View on Map
    • Retail properties & Spaces
    • 450,000 SF
    • 53.68 lot acres
    For Lease
    $10 SF/Yr
    View Listing →
    Lafayette Retail Center Opportunity For Lease
    $10 SF/Yr

    Lafayette Retail Center Opportunity

    High-traffic retail space, I-10 visibility

    10 And Louisiana Ave, Lafayette, LA 70501
    View Listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 10 And Louisiana Ave

    Year built
    2008
    Lot size
    53.68 lot acres
    Property size
    450,000 SF
    Property type
    Retail properties & Spaces

    Description

    Stirling Lafayette Shopping Center presents a prime retail investment opportunity in Lafayette, Louisiana. This 450,000 square foot, eight-building strip center, built in 2008, boasts a highly desirable location at the southwest corner of Interstate 10 and Louisiana Avenue, offering exceptional visibility and accessibility. The property sits on 53.68 acres, with a 2.19-acre lot size, and features ample surface parking. Currently, 7,940 square feet of retail space is available, with spaces ranging from a minimum of 2,990 square feet to a maximum contiguous space of 4,950 square feet. The center benefits from its strategic location within the LACDB - D submarket of Lafayette Parish County, and is anchored by major national retailers including Target, JCPenney, and Academy Sports + Outdoors. The property is zoned CH and has an APN of 6134969. Lafayette's robust residential and income growth over the past decade makes this a particularly attractive market for retailers. The ongoing Interstate 10 expansion and improvements along Louisiana Avenue further enhance the property's accessibility and appeal. This location provides excellent visibility and access for businesses seeking a high-traffic retail environment.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lafayette
    County
    Lafayette Parish
    State
    Louisiana
    Longitude
    -92.0097
    Latitude
    30.2245

    Comparable in this City

    • Value Estimation by Request
      251,957 SF

      1800 Evangeline Thruway

      Lifestyle centers • 251,957 SF
      1800 Evangeline Thruway, Lafayette, LA 70501
      View Details
    • Value Estimation by Request
      0.50 Acres

      100 Castille Ave

      Land • 33,044 SF
      100 Castille Ave, Lafayette, LA 70501
      View Details
    • Value Estimation by Request
      1,031 SF

      106 St Charles St

      Retail properties & Spaces • 1,031 SF
      106 St Charles St, Lafayette, LA 70501
      View Details
    • Value Estimation by Request
      2.48 Acres

      3000 Blk Louisiana Ave

      Land • 2.48 Acres
      3000 Blk Louisiana Ave, Lafayette, LA 70501
      View Details
    • Value Estimation by Request
      1.02 Acres

      3225 Louisiana Ave

      Individual retail properties • 1.02 Acres
      3225 Louisiana Ave, Lafayette, LA 70501
      View Details
    • Value Estimation by Request
      14,000 SF

      1215 Evangeline Thruway

      Lifestyle centers • 14,000 SF
      1215 Evangeline Thruway, Lafayette, LA 70501
      View Details

    Similar Nearby for Sale

    • $465,344
      0.65 Acres

      Lafayette Commercial Property For Sale

      Commercial property with excellent visibility and access in Lafayette, LA.
      2016 NE Evangeline Thruway, Lafayette, LA 70501
      View Details
    • $440,000
      2,295 SF

      Restaurant with Drive-Thru in Lafayette

      Fully operational restaurant with drive-thru in high-traffic area.
      1322 Moss Street Ext, Lafayette, LA 70501
      View Details
    • $400,000
      7,000 SF

      Lafayette Commercial Night Club/Bar

      Fully functional night club/bar on Simcoe Strip for sale.
      945 E Simcoe St, Lafayette, LA 70501
      View Details
    • $85,000
      0.34 Acres

      Lafayette Commercial Lot For Sale

      Mixed-use lot suitable for retail or coffee shop development.
      2500 Blk Louisiana Ave, Lafayette, LA 70501
      View Details
    • $169,999
      1,080 SF

      Restaurant Space with Drive-Thru

      Turn-key restaurant space with drive-thru and ample parking.
      212 SW Evangeline Thruway, Lafayette, LA 70501
      View Details
    • $335,000
      Pending

      Downtown Lafayette Commercial Brick Building

      Versatile 4,364 SF building in the heart of Downtown Lafayette.
      1306 Jefferson St, Lafayette, LA 70501
      View Details

    Similar Nearby for Lease

    • $10 SF/Yr
      450,000 SF

      Lafayette Retail Center Opportunity

      High-traffic retail space, I-10 visibility
      10 And Louisiana Ave, Lafayette, LA 70501
      View Details
    • Contact for pricing
      1,080 SF

      Restaurant Space with Drive-Thru

      Restaurant space with drive-thru, ample parking, and high visibility.
      212 SW Evangeline Thruway, Lafayette, LA 70501
      View Details
    • Contact for pricing

      Retail Space on Pinhook Road

      Retail property available for lease on West Pinhook Road.
      1897 W Pinhook Rd, Lafayette, LA 70501
      View Details
    • Contact for pricing

      Former Walmart Super Center Space

      100,000 SF space for lease or purchase.
      1229 NW Evangeline Thruway, Lafayette, LA 70501
      View Details
    • $10 SF/Yr

      Lafayette Shopping Center Retail Space

      Retail spaces available in high-visibility Lafayette shopping center.
      2001 NW Evangeline Trwy, Lafayette, LA 70501
      View Details
    • Contact for pricing
      3,186 SF

      Downtown Lafayette Commercial Space Available

      Second floor office/retail space in downtown Lafayette.
      119 E Main St, Lafayette, LA 70501
      View Details
    View Listing
    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.
    10 And Louisiana Ave
    Lafayette, LA 70501
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!