Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    344 Ridge Rd Lafayette, LA 70506

    Property Lookup

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

    344 Ridge Rd Lafayette, LA 70506

    View on Map
    • Land
    • 11.83 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 344 Ridge Rd

    Lot size
    11.83 lot acres
    Property type
    Land
    Property subtype
    Industrial properties

    Description

    This exceptional 11.83-acre commercial and industrial development lot is strategically located in the heart of Lafayette's thriving retail sector at 344 Ridge Rd, Lafayette, LA 70506. Boasting approximately 702.5 feet of frontage along South Domingue Avenue, this property offers unparalleled visibility and accessibility. Its prime location, just off Ambassador Caffery Parkway and within approximately 3 minutes of the high-traffic intersection of Johnston Street and Ambassador Caffery Parkway (approximately 56,855 daily vehicles), ensures maximum exposure to a large customer base. The surrounding area is anchored by major shopping centers and big-box retailers, including Walmart, Sam's Club, and Home Depot, creating a vibrant and densely populated commercial environment. The presence of popular restaurants such as Chick-fil-A and Starbucks further enhances the property's desirability and commercial appeal. This development opportunity presents a unique chance to capitalize on Lafayette's robust retail market. The property's Assessed Parcel Number (APN) is 6045801. The asking price for this exceptional property is $500,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lafayette
    County
    Lafayette Parish
    State
    Louisiana
    Longitude
    -92.0835
    Latitude
    30.1833

    Comparable in this City

    • Value Estimation by Request

      200 Oak Grv Ln

      Manufacturing properties
      200 Oak Grv Ln, Lafayette, LA 70506
      View Details
    • Value Estimation by Request

      106 Oak Grv Ln

      Manufacturing properties
      106 Oak Grv Ln, Lafayette, LA 70506
      View Details
    • Value Estimation by Request
      2.87 Acres

      1500 Ambassador Caffery Pkwy

      Multifamily properties • 2.87 Acres
      1500 Ambassador Caffery Pkwy, Lafayette, LA 70506
      View Details
    • Value Estimation by Request

      203 Oak Grv Ln

      Manufacturing properties
      203 Oak Grv Ln, Lafayette, LA 70506
      View Details
    • Value Estimation by Request
      8.04 Acres

      600 Ambassador Caffery Pkwy

      Self storage facilities • 8.04 Acres
      600 Ambassador Caffery Pkwy, Lafayette, LA 70506
      View Details
    • Value Estimation by Request
      2.08 Acres

      1530 Ambassador Caffery Pkwy

      Land • 2.08 Acres
      1530 Ambassador Caffery Pkwy, Lafayette, LA 70506
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Vacant Land in West Lafayette

      3.5 acres of vacant land suitable for development.
      700 W Broussard Rd, Lafayette, LA 70506
      View Details
    • $1,100,000
      13.00 Acres

      Lafayette Land Ready to Develop

      13 acres of land available for development in Lafayette.
      317 Duhon Rd, Lafayette, LA 70506
      View Details
    • $115,000
      4.54 Acres

      Lafayette Land Ready to Build

      4.54 acres of land near Lafayette with existing utilities.
      125 Rayulle Rd, Lafayette, LA 70506
      View Details
    • $325,000
      3.83 Acres

      Lafayette Commercial Land Opportunity

      Prime 3.83-acre lot, high traffic area.
      211 Curran Ln, Lafayette, LA 70506
      View Details
    • $270,000
      3.51 Acres

      Lafayette Land For Sale

      3.5 acres of land with development potential in Lafayette.
      1219 Rue Du Belier, Lafayette, LA 70506
      View Details
    • $220,000
      9.59 Acres

      Lafayette Land with Pond

      9.59-acre Lafayette property featuring a stocked pond and mature trees.
      5100 W Congress St, Lafayette, LA 70506
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      24,318 SF

      Lafayette Industrial Facility For Rent

      24,318 SF industrial facility on 1.5 acres for lease.
      207 Easy St, Lafayette, LA 70506
      View Details
    • Contact for pricing
      320 SF

      Lafayette Commercial Flex Space Available

      Modular container building with warehouse and office space for lease.
      1510 Westgate Road-Modular, Lafayette, LA 70506
      View Details
    • Contact for pricing
      4,534 SF

      New Lafayette Warehouse For Lease

      New construction warehouse with multiple roll-up doors in Lafayette.
      208 Toledo Dr, Lafayette, LA 70506
      View Details
    • $400 /Mo
      750 SF

      Storage Unit For Lease

      15x50 storage unit available for lease with 24/7 access.
      1510 Westgate Road-Phase, Lafayette, LA 70506
      View Details
    • $700 /Mo
      320 SF

      Modular Flex Space with Office

      Modular container building with warehouse and office space for lease.
      1510 Westgate Road-Modular, Lafayette, LA 70506
      View Details
    • $5,250 /Mo
      3,500 SF

      Lafayette Commercial Space For Lease

      Retail, showroom, office, and warehouse space in Lafayette, LA.
      111 Westmark Blvd, Lafayette, LA 70506
      View Details
    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.
    344 Ridge Rd
    Lafayette, LA 70506
    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!