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    3300 NW Evangeline Trwy Lafayette, LA 70507

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    3300 NW Evangeline Trwy Lafayette, LA 70507

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    • Commercial land
    For Sale
    $985,000
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    I-49 Interchange Development Site For Sale
    $985,000
    10.00 Acres

    I-49 Interchange Development Site

    10+ acre commercial site at I-49 and Gloria Switch.

    3300 NW Evangeline Trwy, Lafayette, LA 70507
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    Property ID
    US36-1618352
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial land

    Property Details for 3300 NW Evangeline Trwy

    Property type
    Commercial land
    Property subtype
    Commercial real estate

    Description

    Fully assembled 10+ acre site, located on the northwest quadrant of I-49 and Gloria Switch Road. This tract is located where the City of Lafayette and Carencro meet, which is growing at a healthy pace both residentially and commercially. Being one of the last large hard corner sites available, and at an I-49 interchange, the configuration will allow for an anchor and a carveout of multiple pad sites along the frontage.

    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
    State
    Louisiana
    Longitude
    -92.027271
    Latitude
    30.30062

    Comparable in this City

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      Commercial Land with I-10 Frontage

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      0.553 Acres on N University

      Commercial land near I-10 and I-49 in Lafayette, LA
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      Prime Commercial Land Opportunity

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      Lafayette Commercial Land For Sale

      2.1 acre commercial property on N. University Ave, Lafayette.
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      16.31 Acres

      Lafayette Commercial Land on I-49

      Corner lot ideal for development, retail, and distribution.
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    Similar Nearby for Sale

    • Contact for pricing
      3,500 SF

      Commercial Buildings on Major Interstate

      Two commercial buildings with surplus land, high visibility, accessibility.
      2726 NE Evangeline Trwy, Lafayette, LA 70507
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    • $665,161

      Commercial Land with I-10 Frontage

      10.18 acre commercial land parcel with I-10 frontage.
      500 Renaud Dr, Lafayette, LA 70507
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      0.553 Acres on N University

      Commercial land near I-10 and I-49 in Lafayette, LA
      103 Marcon Dr, Lafayette, LA 70507
      View Details
    • $2,295,000

      Prime Commercial Land Opportunity

      15.49 acres with high traffic, ideal for development.
      205 E Pont Des Mouton Rd, Lafayette, LA 70507
      View Details
    • $325,000
      2.10 Acres

      Lafayette Commercial Land For Sale

      2.1 acre commercial property on N. University Ave, Lafayette.
      2200 And 1-A, Lafayette, LA 70507
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    • $4,972,000
      16.31 Acres

      Lafayette Commercial Land on I-49

      Corner lot ideal for development, retail, and distribution.
      100 W Blk Pont Des Mouton, Lafayette, LA 70507
      View Details

    Similar Nearby for Lease

    • $10 SF/Yr

      New Lafayette Industrial Park Space

      New industrial park offering Class A distribution space for lease.
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      Versatile Warehouse Space Available

      10,475 SF warehouse space ideal for mechanic shop.
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      10,000 SF

      Lafayette Commercial Mixed-Use Development

      New commercial mixed-use retail/office development with build-to-suite options.
      608 E Gloria Switch Rd, Lafayette, LA 70507
      View Details
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      7,000 SF

      Lafayette Office Building For Rent

      Remodeled office space with ample parking in Lafayette, LA.
      319 Renaud Dr, Lafayette, LA 70507
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      6,000 SF

      Lafayette Office Space For Lease

      Office space for lease with utilities included and ample parking.
      3400 Moss Street Ext, Lafayette, LA 70507
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    • Contact for pricing
      3,240 SF

      Flexible Commercial Space Near I-49

      Versatile commercial property with office, storage, and warehouse space.
      310 E Gloria Switch Rd, Lafayette, LA 70507
      View Details
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    Lafayette, LA 70507
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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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    3300 NW Evangeline Trwy, Lafayette, LA, 70507
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