Historic Downtown Lafayette Commercial
For Sale
$825,000
120 Caillouett Place, Lafayette, LA 70501
COMMERCIAL - Lafayette, LA
Property Size3,476 SF
Lot Size0.23 Acres
Price / SF$237.34
Days on Market149
Property Features for 120 Caillouett Place
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Downtown
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 2, Bathroom 3, Bathroom 1
Parking
1
Parking features
On Street
Exterior features
Partially Fenced
Fencing
Partial
Subdivision
Caillouet Place
Lot features
Level
Directions
From i-10 take University Avenue south. Left on Johnston Street. Left on Jefferson. Left on Caillouet. First property on the right after the parking lot.
Standard status
Active
APN
6010243
Size
3,476 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Description
LOTS 18 20 22 24 CAILLOUET PLACE SUB (100X100)
Legal Description
LOTS 18 20 22 24 CAILLOUET PLACE SUB (100X100)
Utilities
Heating system
Central
Cooling system
Ceiling Fan(s), Central Air
Water source
Public
Building Details
Floors in Building
2
Flooring type
Wood
Roof type
Metal
Listing Agency:
Keaty Real Estate Team
(337) 235-7770
Listed By:
Tyler Albrecht · License #0995697749
(337) 780-9698
Added: Mar 5
Changed: May 14
Last Checked: Aug 1 at 1:06PM
MLS# 2600001736
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.
Investment Insights
Based on property information with market context.
This historic commercial property, constructed in 1896, is located in downtown Lafayette, directly across from Rock'N'Bowl and near Spoonbill and Keller's. The renovated building combines historic character with modern amenities. The 3,476 square-foot property includes five office spaces and two bathrooms on the ground floor, with an additional three offices and one bathroom upstairs. Currently occupied by a title company and other professional tenants, the property generates $3,385 in monthly rental income. The interior is professionally decorated. Onsite parking is available. The property is located on a 0.23-acre lot and is positioned to benefit from downtown events such as Festival International and Mardi Gras. The zoning is Downtown.
Key Highlights
- Fully renovated historic commercial property built in 1896.
- Generates $3,385 per month in rental income.
- Prime downtown Lafayette location across from Rock'N'Bowl and near Spoonbill and Keller's.
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 | $62.6k | $18.00 |
| − Vacancy | −$8.6k | −$2.48 |
| EGI | $53.9k | $15.52 |
| − OpEx | −$13.5k | −$3.88 |
| NOI | $40.5k | $11.64 |
3,476 SF · lease $18.00/SF/yr · vacancy 13.80% · expense 25.00%
Alternative Uses
Best Use
Office B
$577.9K
$505.6K – $674.2K
NOI $40,450 @ 7.0% cap · market cap 4.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$821.8K
$719.1K – $958.8K
NOI $57,529 @ 7.0% cap · market cap 6.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,310
Businesses Nearby
Explore this area
Business Placement
Demographics for 70501, LA
28,721
Population
12,657
Households
2.3
Avg Household Size
38
Median Age
16%
College-Educated
78%
High-School Grad
15.3 sq mi
ZIP Area
1,877
Density / Sq Mi
$31,723
Median Household Income
$25,281
Median Earnings
$867
Median Rent
$117,200
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Renovated historic commercial property in downtown Lafayette with rental income.
Where is this office building located?
The property is located at 120 Caillouett Place Lafayette, LA.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: Fully renovated historic commercial property built in 1896.; Generates $3,385 per month in rental income.; Prime downtown Lafayette location across from Rock'N'Bowl and near Spoonbill and Keller's.
