Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    6733 Johnston St Lafayette, LA 70503

    Property Lookup

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

    6733 Johnston St Lafayette, LA 70503

    View on Map
    • Commercial real estate
    • 230,000 SF
    • 5.35 lot acres
    Off-Market
    Property ID
    US36-2366504
    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

    • Stonehaven On The River / Housing Development

    Property Details for 6733 Johnston St

    Lot size
    5.35 lot acres
    Property size
    230,000 SF
    Property type
    Commercial real estate
    APN
    6154203

    Description

    This exceptional 5.35-acre commercial land parcel, located at 6733 Johnston St in Lafayette, Louisiana (zip code 70503), presents a unique investment opportunity. Zoned CH, this vacant property offers significant potential for various commercial uses, including industrial development. The asking price is $2,097,414, translating to a land value of $392,040 per acre. Its strategic location is adjacent to and part of the highly sought-after Stonehaven Subdivision, ensuring excellent visibility and accessibility. The property's size, ranging from 230,000 to 240,000 square feet, provides ample space for a substantial development project. The property's APN is 6154203. Given its prime location and zoning, this land is well-suited for a variety of commercial ventures. This is a rare opportunity to acquire a significant tract of land in a thriving Lafayette commercial area. Serious inquiries are encouraged. The property is currently vacant and ready for immediate development. No buildings, units, stories, gas pumps, loading docks, or dock-high doors are present. The year built and year renovated are not available. Ceiling height information is also unavailable.

    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 Parish
    State
    Louisiana
    Longitude
    -92.091612
    Latitude
    30.151998

    Comparable in this City

    • $1,450,000

      Upscale Office Building with Warehouse

      Two-story office with climate-controlled warehouse/retail space in high-traffic location.
      4503 Johnston St, Lafayette, LA 70503
      View Details
    • $1,450,000
      4,917 SF

      Lafayette Commercial Building For Sale

      Upscale office and warehouse space in central Lafayette location.
      4503 Johnston St, Lafayette, LA 70503
      View Details
    • $250,000
      1,467 SF

      Lafayette Commercial Property on Johnston

      High-traffic commercial property near Downtown and UL Lafayette.
      2301 Johnston St, Lafayette, LA 70503
      View Details
    • $1,159,000

      Opportunity Zone Building For Sale

      10,200 SF building in Opportunity Zone and Oil Center.
      838 Coolidge St, Lafayette, LA 70503
      View Details
    • $275,000

      Commercial Property Near High-Traffic Area

      Commercial property suitable for retail, office, or restaurant use.
      5643 Johnston St, Lafayette, LA 70503
      View Details
    • $1,150,000
      1.35 Acres

      Prime Commercial Land on Johnston

      1.3+/- acres of highly visible land in Lafayette.
      2513 Johnston St, Lafayette, LA 70503
      View Details

    Similar Nearby for Sale

    • $1,450,000

      Upscale Office Building with Warehouse

      Two-story office with climate-controlled warehouse/retail space in high-traffic location.
      4503 Johnston St, Lafayette, LA 70503
      View Details
    • $1,450,000
      4,917 SF

      Lafayette Commercial Building For Sale

      Upscale office and warehouse space in central Lafayette location.
      4503 Johnston St, Lafayette, LA 70503
      View Details
    • $250,000
      1,467 SF

      Lafayette Commercial Property on Johnston

      High-traffic commercial property near Downtown and UL Lafayette.
      2301 Johnston St, Lafayette, LA 70503
      View Details
    • $1,159,000

      Opportunity Zone Building For Sale

      10,200 SF building in Opportunity Zone and Oil Center.
      838 Coolidge St, Lafayette, LA 70503
      View Details
    • $275,000

      Commercial Property Near High-Traffic Area

      Commercial property suitable for retail, office, or restaurant use.
      5643 Johnston St, Lafayette, LA 70503
      View Details
    • $1,150,000
      1.35 Acres

      Prime Commercial Land on Johnston

      1.3+/- acres of highly visible land in Lafayette.
      2513 Johnston St, Lafayette, LA 70503
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,104 SF

      Lafayette Commercial Space For Rent

      Mixed-use commercial space suitable for office, retail, or storage.
      4654 Johnston St, Lafayette, LA 70503
      View Details
    • Contact for pricing
      8,300 SF

      Versatile Commercial Suite in Lafayette

      Two-story commercial suite with warehouse in high-traffic area.
      6413 Johnston St, Lafayette, LA 70503
      View Details
    • Contact for pricing

      Prime Johnston Street Build-to-Suit Opportunity

      High-visibility commercial space with build-to-suit options on Johnston Street.
      4549 Johnston St, Lafayette, LA 70503
      View Details
    • Contact for pricing
      8,300 SF

      Versatile Commercial Suite in Lafayette

      Two-story commercial suite with warehouse in high-traffic area.
      6413 Johnston St, Lafayette, LA 70503
      View Details
    • $5,800 /Mo
      4,355 SF

      Lafayette Commercial Space For Lease

      Prime commercial space in Acadian Plaza Shopping Center, Lafayette, LA.
      3302 Johnston St, Lafayette, LA 70503
      View Details
    • Contact for pricing
      9,000 SF

      Versatile Commercial Space in Lafayette

      9,000 sq ft suite ideal for events or retail.
      6413 Johnston St, Lafayette, LA 70503
      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.
    6733 Johnston St
    Lafayette, LA 70503
    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!