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    Settlers Trace Blvd Lafayette, LA 70508
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    Settlers Trace Blvd Lafayette, LA 70508

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    • Retail properties & Spaces
    • 24,093 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 0 Settlers Trace Blvd

    Year built
    2024
    Property size
    24,093 SF
    Property type
    Retail properties & Spaces

    Description

    This exceptional new construction commercial property in Lafayette, Louisiana, offers 24,093 square feet of leasable space across two single-story buildings. Located on Settlers Trace Boulevard, this prime location boasts high visibility and convenient access. The property is zoned CH and features a minimum divisible space of 1,200 square feet, with larger spaces available up to 16,157 square feet, making it ideal for a variety of retail, restaurant, or office uses. Currently, the entire 24,093 square feet is vacant and ready for immediate occupancy. The buildings were completed in 2024. This development benefits from its proximity to major retail anchors such as Whole Foods and Target, as well as the River Ranch area. Furthermore, its strategic location offers easy access to key thoroughfares like Ambassador Caffery Parkway and Kaliste Saloom Road, while also providing convenient access to Lake Farm Road, connecting to significant destinations including Our Lady of Lourdes Regional Medical Center, Top Golf, Dave & Buster's, and Costco, without the congestion of the main arteries. The property is situated directly in front of a new 348-unit apartment complex, ensuring a substantial and growing customer base. The APN is 6158865. This presents a unique opportunity to establish a presence in a thriving, high-demand commercial corridor.

    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
    -92.0453
    Latitude
    30.1649

    Comparable in this City

    • Value Estimation by Request
      10,178 SF

      3014 Kaliste Saloom Rd

      Office Units • 10,178 SF
      3014 Kaliste Saloom Rd, Lafayette, LA 70508
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    • Value Estimation by Request
      27,858 SF

      4301 Ambassador Caffery Pkwy

      Neighborhood centers • 27,858 SF
      4301 Ambassador Caffery Pkwy, Lafayette, LA 70508
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      0.50 Acres

      Pinhook Rd

      Land • 0.50 Acres
      0 Pinhook Rd, Lafayette, LA 70508
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    • Value Estimation by Request
      1.73 Acres

      618 Verot School Rd

      Land • 1.73 Acres
      618 Verot School Rd, Lafayette, LA 70508
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    • Value Estimation by Request
      1.80 Acres

      538 Settlers Trace Blvd

      Land • 1.80 Acres
      538 Settlers Trace Blvd, Lafayette, LA 70508
      View Details
    • Value Estimation by Request
      1,500 SF

      301 Starling Ln

      Individual retail properties • 1,500 SF
      301 Starling Ln, Lafayette, LA 70508
      View Details

    Similar Nearby for Sale

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    • $699,000
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      Mixed-Use Building in Lafayette, LA

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      18,000 SF

      Retail Strip Center For Sale

      18,000 sq ft strip center near River Ranch.
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    Similar Nearby for Lease

    • Contact for pricing
      2,670 SF

      Restaurant Space Available For Lease

      Restaurant space available for lease in early Q2 '26.
      4505 Ambassador Caffery Pkwy, Lafayette, LA 70508
      View Details
    • $1,050 /Mo

      Mixed-Use Facility in Growing Lafayette

      Mixed-use property with retail and office/residential potential for rent.
      2801 Kaliste Saloom Rd, Lafayette, LA 70508
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      1,575 SF

      Retail Space in River Marketplace

      Located in Lafayette's retail market with heavy traffic.
      4401 Ambassador Caffery Pkwy, Lafayette, LA 70508
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    • $26 SF/Yr

      Parc Lafayette Retail/Office Space

      Retail or office space in a sought-after Lafayette location.
      1921 Kaliste Saloom Rd, Lafayette, LA 70508
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      2,661 SF

      Retail Space in Lafayette Corridor

      Retail space with easy access and excellent visibility in Lafayette.
      4243-4247 Ambassador Caffery Pkwy, Lafayette, LA 70508
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      4,000 SF

      Retail/Office Strip Center For Lease

      Retail/office space for lease in a bustling commercial area.
      104 Kaliste Saloom Rd, Lafayette, LA 70508
      View Details
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    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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    Settlers Trace Blvd, Lafayette, LA, 70508
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