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Financial
Distress signals
Property profile

209 Southpark Rd E Lafayette, LA 70508

FOR LEASE
Other warehouses
Property ID
US36-1597907
27,200 SF 2.07 ac lot Built 2004
Last sale Mar 2025 · $1,805,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property at 209 Southpark Rd is a flex building configured for both customer-facing and operational use. It includes a showroom or retail area, three offices, and two restrooms, along with an insulated warehouse/work and storage space that can be climate controlled. Warehouse access is provided by three overhead doors, each measuring 12 feet wide by 14 feet high. The building is served by city utilities and includes additional land availability. The property information references an NNN (triple-net) lease structure.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$16k
Tax billed · 2023
Assessed value$177k
Assessed land$13k
Assessed improvement$163k
Effective rate8.81%

Value estimate

· Oct 2026
$2.16M
$1.94M – $2.37M
CAP approach$2.40M
Submarket $/SF estimate$2.61M
NOI build-up
Gross scheduled income$57k
Vacancy & credit loss−$8k
Operating expenses−$12k
NOI · 411,177.78% cap applied$37k

Realmo valuation models over county records and 4 qualifying comparable sales.

Recently sold

What actually traded nearby?
$69/SF
ZIP average, outlier-cleaned · 44 recorded sales of this use type
Observed band · Q1–Q3$34 – $113
Qualifying comparables4

Cap rate analysis

How does the asset earn?
411,177.78%
$37k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionLAFAYETTE

Location intelligence

Which uses thrive at this corner?
Best fit: Dental Office
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Dental Office19.7
Law Firm17.3
Realty agency16.6

Location

209 Southpark Rd E Lafayette, LA 70508
County assessor Recorded deeds · 2 transfers 4 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 17 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
114 Liberty, Lafayette, LA 70508-6820 $550,000 Dec 2025 7,200 SF
105 Bolton, Lafayette, LA 70508-3301 $395,000 Feb 2025 7,300 SF
200 Turn, Lafayette, LA 70508-4353 $295,000 Feb 2024 6,344 SF
112 Ashy, Lafayette, LA 70508-5824 $275,000 Feb 2024 7,000 SF
167 Industrial, Lafayette, LA 70508-3207 $850,000 Feb 2024 13,440 SF
115 Beau Pre, Lafayette, LA 70508-3501 $475,000 Feb 2024 10,213 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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