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    141 James Comeaux Rd Lafayette, LA 70508

    • Retail properties
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties

    Property Details for 141 James Comeaux Rd

    Property type
    Retail properties

    Description

    This exceptional 3,808 square-foot retail space is situated within the Marketplace at Pinhook Shopping Center, a premier shopping, dining, and service destination. Located near the highly trafficked W. Pinhook and Kaliste Saloom corridor, this single-tenant property benefits from professional management and ensures a seamless operational experience. The shopping center boasts ample parking, providing convenient access for customers. Excellent signage opportunities are available, maximizing visibility and attracting potential clientele. The property enjoys convenient access to and from Interstate 49 and the Lafayette Regional Airport, enhancing its accessibility and appeal to a wide customer base. This location offers a strategic advantage for businesses seeking high visibility and a strong customer presence within a thriving commercial area. The property's single-tenant occupancy provides a streamlined and efficient operational structure. This turnkey retail space presents a unique opportunity for businesses seeking a well-established and highly visible location in a rapidly growing market. The combination of prime location, ample parking, excellent signage, and convenient access to major transportation routes makes this property an exceptional investment opportunity. The professional management ensures a smooth and efficient operational environment, allowing businesses to focus on their core operations and growth.

    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
    State
    Louisiana
    Longitude
    -92.0126
    Latitude
    30.1891

    Comparable in this City

    • Value Estimation by Request
      10,178 SF

      3014 Kaliste Saloom Rd

      Office space • 10,178 SF
      3014 Kaliste Saloom Rd, Lafayette, LA 70508
      View Details
    • Value Estimation by Request
      37,348 SF

      120 Production Dr

      Neighborhood centers • 37,348 SF
      120 Production Dr, Lafayette, LA 70508
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    • Value Estimation by Request
      1,500 SF

      301 Starling Ln

      Individual retail properties • 1,500 SF
      301 Starling Ln, Lafayette, LA 70508
      View Details
    • Value Estimation by Request
      6,800 SF

      2811 Kaliste Saloom Rd

      Restaurants • 6,800 SF
      2811 Kaliste Saloom Rd, Lafayette, LA 70508
      View Details
    • Value Estimation by Request

      133 James Comeaux Rd

      Lifestyle centers
      133 James Comeaux Rd, Lafayette, LA 70508
      View Details
    • Value Estimation by Request
      27,858 SF

      4301 Ambassador Caffery Pkwy

      Neighborhood centers • 27,858 SF
      4301 Ambassador Caffery Pkwy, Lafayette, LA 70508
      View Details

    Similar Nearby for Sale

    • $3,500,000
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      Lafayette Retail Center - High ROI

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    • $867,900
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      Lafayette Auto Shop - Investment Opportunity

      Six-bay shop, 4,582 sq ft, 1.65 acres
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    • Contact for pricing
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    • $653,400
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      South Lafayette Retail Outparcel

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      Prime Commercial Land in Lafayette

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    Similar Nearby for Lease

    • $26 SF/Yr
      10,178 SF

      Lafayette Creative Office Space

      Class A Office/Retail, 10,178 SF Available
      3014 Kaliste Saloom Rd, Lafayette, LA 70508
      View Details
    • $1,050 /Mo
      11,264 SF

      Mixed-Use Facility in Growing Lafayette

      Mixed-use property with retail and office/residential potential for rent.
      2801 Kaliste Saloom Rd, Lafayette, LA 70508
      View Details
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      Settlers Trace Commercial Space

      Lafayette, LA retail & office suites
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    • $38 SF/Yr
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      Lafayette Retail Suites - For Lease

      Prime Lafayette retail space, flexible sizes.
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      Versatile Space Near Verot School

      Adaptable 1,255 sq ft unit suitable for various businesses.
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    • $7,579 /Mo
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      Free-Standing Building on Kaliste Saloom

      2,150 SF retail building with high visibility for lease.
      200 Kaliste Saloom Rd, Lafayette, LA 70508
      View Details
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    141 James Comeaux Rd
    Lafayette, LA 70508
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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.

    More about this property
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