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    428 Feu Follet Rd Lafayette, LA 70508-4223

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    428 Feu Follet Rd Lafayette, LA 70508-4223

    View on Map
    • Commercial land
    • 1.23 lot acres
    Off-Market
    Property ID
    US36-2426736
    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 428 Feu Follet Rd

    Lot size
    1.23 lot acres
    Property type
    Commercial land
    APN
    6158976
    APU
    6158976

    Description

    This exceptional 1.23-acre commercial land parcel presents a unique investment opportunity in Lafayette, Louisiana. Located at 428 Feu Follet Rd, this highly visible property boasts a prime location within the bustling Verot School Road, Pinhook, and Kaliste Saloom business corridor. The land is zoned for commercial use, making it ideal for a wide range of professional office developments. Its elevated position ensures excellent visibility and accessibility. The asking price is $350,000, translating to approximately $284,552 per acre. The property's APN is 6158976. This vacant lot offers significant potential for developers seeking a strategic location in a thriving commercial area of Lafayette Parish, Louisiana, zip code 70508. The property's size and location make it an attractive option for businesses seeking high visibility and convenient access to major thoroughfares. Serious inquiries are encouraged to explore the possibilities of this exceptional commercial land offering. This is a rare opportunity to acquire a strategically located parcel in a high-demand area.

    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
    -92.0083
    Latitude
    30.176
    CBSA code
    29180
    CBSA name
    LAFAYETTE, LA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $0.00
    $21,501
    $0.00
    $21,501
    -
    $215,010
    $0.00
    $215,010

    Comparable in this City

    • Value Estimation by Request
      0.50 Acres

      3416 Verot School Rd

      VACANT COMMERCIAL LAND • 0.50 Acres
      3416 Verot School Rd, Lafayette, LA 70508
      View Details
    • Value Estimation by Request
      0.94 Acres

      2921 Verot School Rd

      VACANT COMMERCIAL LAND • 0.94 Acres
      2921 Verot School Rd, Lafayette, LA 70508-8024
      View Details
    • Value Estimation by Request
      0.03 Acres

      2817 Verot School Rd

      VACANT COMMERCIAL LAND • 0.03 Acres
      2817 Verot School Rd, Lafayette, LA 70508-6411
      View Details
    • Value Estimation by Request
      0.01 Acres

      736 10th S Frontage Rd

      VACANT COMMERCIAL LAND • 0.01 Acres
      736 10th S Frontage Rd, Lafayette, LA 70508
      View Details
    • Value Estimation by Request
      0.29 Acres

      104 Representative Row

      VACANT COMMERCIAL LAND • 0.29 Acres
      104 Representative Row, Lafayette, LA 70508-3834
      View Details
    • Value Estimation by Request
      0.38 Acres

      111 Representative Row

      VACANT COMMERCIAL LAND • 0.38 Acres
      111 Representative Row, Lafayette, LA 70508-3833
      View Details

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    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

      Full-Service Office Building For Rent

      Office building with ample parking and interior courtyard.
      221 Rue De Jean, Lafayette, LA 70508
      View Details
    • Contact for pricing

      Lafayette Mixed-Use Development Opportunity

      Retail, restaurant, and office spaces for lease or purchase.
      301 Starling Ln, Lafayette, LA 70508
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      Versatile Space Near Verot School

      Adaptable 1,255 sq ft unit suitable for various businesses.
      626 Verot School Rd, Lafayette, LA 70508
      View Details
    • Contact for pricing
      2,150 SF

      Free-Standing Building on Kaliste Saloom

      2,150 SF retail building with high visibility for lease.
      200 Kaliste Saloom Rd, Lafayette, LA 70508
      View Details
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    428 Feu Follet Rd
    Lafayette, LA 70508-4223
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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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    428 Feu Follet Rd, Lafayette, LA, 70508
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