Professional Office with Optional
114 Representative Row, Lafayette, LA 70508
COMMERCIAL - Lafayette, LA
Property size:
8,816 SFLot size:
0.65 AcresPrice / SF:
$147/SF- Added:
- Jan 19, 2026
- Days on Market:
- 143
- Last Refresh:
- Jun 11 at 11:06 pm
Property Features for 114 Representative Row
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- comm mixed 1
- Parking features
- Off Street, Parking Lot
- Security features
- Security System
- Exterior features
- Pole Sign
- Standard status
- Active
- APN
- 6073388
- Size
- 8,816 SF
- Lot size
- 0.65 Acres
Taxes and HOA fees
- Tax Description
- LOTS 66,67,68 CORP BLOCK PHASE 1
Utilities
- Heating system
- Central, Electric (Heating)
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Floors in Building
- 2
- Flooring type
- Carpet - Full, Tile
Listing agent Melissa Trahan License #995687130 (337) 339-1868
Listing office Your Southern Real Estate Co. 4400A Ambass Caff Pkwy a1019, Lafayette, LA (337) 339-1868
Listing date Jan 19, 2026
MLS# 2600000079
Copyright © 2026 Realtor Association of Acadiana. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Prime Lafayette location with easy access to Highway 90, I‑10, Ambassador Caffery Parkway, Kaliste Saloom Road, and Lafayette Regional Airport.
- Substantial interior renovation in 2019 with updated flooring, modern lighting, custom cabinetry, upgraded bathrooms, and complete electrical, plumbing, and ventilation upgrades.
- Optional income potential from approximately 2,879 SF currently leased in Building B, with a tenant open to a longer‑term lease.
- Two connected office buildings offering flexibility for single or separate use.
- Recent capital improvements including a new roof, commercial‑grade window tinting, sealed windows, and updated HVAC systems.
- Turnkey professional office space ideal for legal, medical, financial, or corporate users.
Overview
This well-maintained professional office property is located on Representative Row in Lafayette. The property features two office buildings connected by an interior corridor, designed to function as a single cohesive office space while also providing the flexibility for separate use. The main building underwent a substantial interior renovation in 2019, which included a full gut and rebuild of the former financial institution layout. Improvements include raised ceilings, updated flooring, modern lighting, custom cabinetry, upgraded bathrooms, and complete electrical, plumbing, and ventilation upgrades. The space is designed for professional use, featuring a reception area, conference room, and private offices. Additional capital improvements include a new roof on the adjacent building, commercial-grade window tinting, sealed windows for improved energy efficiency, and updated HVAC systems. Approximately 2,879 square feet in Building B is currently leased, generating annual income. The lease is month-to-month, providing flexibility for a new owner. The tenant has expressed interest in remaining and is open to a longer-term lease. The property is conveniently located minutes from Highway 90, with easy access to I-10, Ambassador Caffery Parkway, and Kaliste Saloom Road. It is approximately 10 minutes from the Lafayette Regional Airport, offering accessibility for employees, clients, and regional travel. The property, situated on a 0.65-acre lot, contains 8,816 square feet of office space. It is ideal for legal, medical, financial, or corporate users seeking a turnkey office with optional income in a central Lafayette location.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $158.7k | $18.00 |
| − Vacancy | −$21.9k | −$2.48 |
| EGI | $136.8k | $15.52 |
| − OpEx | −$34.2k | −$3.88 |
| NOI | $102.6k | $11.64 |
8,816 SF · lease $18.00/SF/yr · vacancy 13.80% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.47M
$1.28M – $1.71M
NOI $102,592 @ 7.0% cap · market cap 7.89%
Second Best
Healthcare Medical
$1.43M
$1.25M – $1.67M
NOI $99,973 @ 7.0% cap · market cap 7.69%
Theoretical Best
Office A
$2.08M
$1.82M – $2.43M
NOI $145,908 @ 7.0% cap · market cap 11.22%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Gaar Law Firm
Law Firm
Nicole Dickens
Physician
Amanda Barfield
Physician
Lucas S. Colligan
Law Firm
Location Insight
- Map
- Local Demand
- City
- Lafayette
- County
- Lafayette
- State
- Louisiana
- Longitude
- -92.014423
- Latitude
- 30.183134
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - Well-maintained office property in Lafayette with flexible income potential.
Where is this office building located?
The property is located at 114 Representative Row Lafayette, LA.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Prime Lafayette location with easy access to Highway 90, I‑10, Ambassador Caffery Parkway, Kaliste Saloom Road, and Lafayette Regional Airport.; Substantial interior renovation in 2019 with updated flooring, modern lighting, custom cabinetry, upgraded bathrooms, and complete electrical, plumbing, and ventilation upgrades.; Optional income potential from approximately 2,879 SF currently leased in Building B, with a tenant open to a longer‑term lease.
