Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    200 Verot School Rd Lafayette, LA 70508

    Property Lookup

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

    200 Verot School Rd Lafayette, LA 70508

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

    Current Use by Public Records

    • Land

    Property Details for 200 Verot School Rd

    Lot size
    3.00 lot acres
    Property type
    Land

    Description

    This exceptional commercial land offering presents a unique opportunity in Lafayette, Louisiana. Located on Verot School Road, this 3 to 4.99-acre parcel is zoned CM, providing flexibility for a variety of commercial uses. The property benefits from a highly desirable location within the thriving Feu Follet commercial corridor, surrounded by established professional and medical practices. Enjoy convenient access to three signalized intersections at Verot School Road, Kaliste Saloom Road, and Pinhook Road, ensuring high visibility and accessibility. The site is also proximate to numerous high-traffic retail centers, office buildings, medical clinics, and hospitals, creating a robust and dynamic business environment. With a total population of 166,610 within a 5-mile radius and an average household income of $78,076.93 within 3 miles, this location boasts strong demographics. The property is part of a larger 8.66-acre site, offering the potential for shared drives and planned infrastructure, contributing to efficient master-planned development. Verot School Road experiences a daily traffic count of 6,261 vehicles. The price for this specific acreage is $8 per square foot. This presents a compelling investment opportunity in a rapidly growing area.

    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
    -92.0078
    Latitude
    30.1773

    Comparable in this City

    • Value Estimation by Request
      1.12 Acres

      208 Spg Farm Rd

      Land • 1.12 Acres
      208 Spg Farm Rd, Lafayette, LA 70508
      View Details
    • Value Estimation by Request
      5.00 Acres

      200 Verot School Rd

      Land • 5.00 Acres
      200 Verot School Rd, Lafayette, LA 70508
      View Details
    • Value Estimation by Request
      1.12 Acres

      3605 Kaliste Saloom Rd

      Land • 48,787 SF
      3605 Kaliste Saloom Rd, Lafayette, LA 70508
      View Details
    • Value Estimation by Request
      2.55 Acres

      301 Starling Ln

      Land • 2.55 Acres
      301 Starling Ln, Lafayette, LA 70508
      View Details
    • Value Estimation by Request

      103 Business Park Dr

      Manufacturing properties
      103 Business Park Dr, Lafayette, LA 70508
      View Details
    • Value Estimation by Request
      1.80 Acres

      538 Settlers Trace Blvd

      Land • 1.80 Acres
      538 Settlers Trace Blvd, Lafayette, LA 70508
      View Details

    Similar Nearby for Sale

    • $260,000
      8.00 Acres

      Lafayette Land For Sale

      Approximately 8 acres of land available off Verot School Rd.
      1700 And 1-C, Lafayette, LA 70508
      View Details
    • $316,650

      Lafayette Industrial Land for Sale

      Prime Lafayette location, 1.03 acres.
      103 Business Park Dr 2, Lafayette, LA 70508
      View Details
    • $555,000
      5.80 Acres

      Vermilion River Wooded Land Parcel

      Nearly 6-acre wooded property on the Vermilion River.
      500 Blk Garenne Rd, Lafayette, LA 70508
      View Details
    • $6,000,000
      27.59 Acres

      Lafayette Land with River Frontage

      27 acres of wooded land with Vermilion River frontage.
      726 E Broussard Rd, Lafayette, LA 70508
      View Details
    • $165,000

      Land Available in Lafayette

      Cleared city lot available for sale in Lafayette, Louisiana.
      1015 S Hugh Wallis Rd, Lafayette, LA 70508
      View Details
    • Contact for pricing

      Prime Land in High-Demand Corridor

      Outparcel and retail suites available for sale or lease.
      201 Spring Farm Rd, Lafayette, LA 70508
      View Details

    Similar Nearby for Lease

    • $4,500 /Mo
      50,094 SF

      Prime Commercial Land For Lease

      High-exposure land lease opportunity on West Pinhook Road.
      1926 W Pinhook Rd, Lafayette, LA 70508
      View Details
    • Contact for pricing

      Retail/Office Suite on E Broussard

      Move-in ready ±1,452 SF retail/office suite for lease.
      819 E Broussard Rd, Lafayette, LA 70508
      View Details
    • $18 SF/Yr

      Retail and Office Space Available

      Prime location with high visibility and traffic counts.
      2201 Kaliste Saloom Rd, Lafayette, LA 70508
      View Details
    • $16 SF/Yr

      Retail Space Near Walmart

      Retail center undergoing renovations, adjacent to high-traffic Walmart Supercenter.
      110 Production Dr, Lafayette, LA 70508
      View Details
    • $15 SF/Yr

      Retail Suites For Lease

      Retail and office suites available in high-visibility location.
      3524 Kaliste Saloom Rd, Lafayette, LA 70508
      View Details
    • Contact for pricing
      5,010 SF

      Retail Space in Walmart Shadow

      Retail space available in Walmart shadow center with anchor tenants.
      210 Production Dr, Lafayette, LA 70508
      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.
    200 Verot School Rd
    Lafayette, LA 70508
    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!