Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    151 Southpark Rd, Unit 201 Lafayette, LA 70508

    View on Map
    Sponsored
    For Lease
    Contact for pricing

    COMMERCIAL - Lafayette, LA

    Property size:
    1,058 SF
    Lot size:
    1.90 Acres
    Days on Market:
    4
    Last Refresh:
    Mar 13 at 6:06 am

    Property Features for 151 Southpark Rd

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    Zoning
    IL
    APN
    6162836
    Parking features
    Parking Lot
    Exterior features
    Door Sign
    Size
    1,058 SF
    Lot size
    1.90 Acres

    Utilities

    Heating system
    Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Floors in Building
    5
    Flooring type
    Carpet - Full
    Roof type
    Composition

    We can help!

    Listing Contact
    Caitlyn Williams

    The Gleason Group (337) 262-7873

    Listing agent Caitlyn Williams License #0995684676

    Listing date Mar 10, 2026

    MLS# 2600001875

    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.

    Learn more

    Property Insight Report

    Overview

    Renovated Office Suite Available

    A newly renovated office suite is available for rent. The suite, located within an office building undergoing renovations and updates, features two offices, a conference or bullpen area, and a kitchenette. The suite has been freshly painted. The lease is full-service. The property is zoned IL and is situated on a 1.9-acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    All Coast Factory Colorwheel Roofing Company ... Roofing Company Aesthetics By Angeleana Alternative Medicine Practice DistributionNOW Factory Restore La. Corporate Office

    Suggested Use

    Restaurant Real Estate Agency Law Firm Dental Office Spa & Massage Center Building Supply Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lafayette
    County
    Lafayette
    State
    Louisiana
    Longitude
    -91.984914
    Latitude
    30.166326

    Nearby Similar for Lease

    • New
      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
    • $2,750 /Mo
      1,500 SF

      Lafayette Commercial Suite For Lease

      Highly visible commercial suite ideal for various service-oriented businesses.
      300 Youngsville Hwy, Lafayette, LA 70508
      View Details
    • Contact for pricing
      2,700 SF

      Lafayette Commercial Space For Lease

      Prime commercial space in central Lafayette, suitable for various businesses.
      803 W Pinhook Rd, Lafayette, LA 70503
      View Details
    • Contact for pricing
      3,068 SF

      Medical Office Building For Rent

      Fully built-out medical office near UL Lafayette and Doubletree.
      1501 W Pinhook Rd, Lafayette, LA 70503
      View Details
    • $1,200 /Mo
      660 SF

      Retail/Office Space on Johnston Street

      Retail or office space for lease in Lafayette, Louisiana.
      3302 Johnston St, Lafayette, LA 70503
      View Details
    • Contact for pricing
      200 SF

      Renovated Office Space in Lafayette

      Newly renovated office space with shared amenities in Oil Center.
      120 Oil Center Dr, Lafayette, LA 70503
      View Details
    • $275,000
      450 SF

      Lafayette Commercial Space For Rent

      Commercial space suitable for retail, office, or restaurant uses.
      5643 Johnston St, Lafayette, LA 70503
      View Details
    • Contact for pricing
      203 SF

      Office Suites in Oil Center

      Office suites for lease in Lafayette's Oil Center.
      106 Oil Center Dr, Lafayette, LA 70503
      View Details
    • Contact for pricing
      2,225 SF

      New Retail Space in Lafayette

      High-traffic retail space in Lafayette's growing market.
      4533 Johnston St, Lafayette, LA 70503
      View Details
    • Contact for pricing
      7,188 SF

      Lafayette Executive Office Suites

      Executive office suites for lease in prime Lafayette location.
      3639 Ambassador Caffery Pkwy, Lafayette, LA 70503
      View Details
    • Contact for pricing
      3,500 SF

      Lafayette Retail/Office Space For Lease

      3,500 SF suite in high-traffic shopping center available for lease.
      5520 Johnston St, Lafayette, LA 70503
      View Details
    • Contact for pricing
      900 SF

      Office Suites in Oil Center

      Office suites for lease in Lafayette's Oil Center.
      106 Oil Center Dr, Lafayette, LA 70503
      View Details

    FAQs

    What type of property is this?
    Office units - Newly renovated office suite with kitchenette in Lafayette, LA.
    Where is this office units located?
    The property is located at 151 Southpark Rd, Unit 201 Lafayette, LA.
    What are key features of this property?
    This property features: - Newly renovated suite within a building undergoing full renovation and updates; - Full-service lease; - Suite includes 2 offices, conference/bull pen area, and kitchenette
    (337) 278-2048
    Request Owner's contact information
    151 Southpark Rd, Unit 201 Lafayette, LA 70508
    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.
    151 Southpark Rd, Unit 201
    Lafayette, LA 70508
    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
    151 Southpark Rd, Unit 201 Lafayette, LA 70508
    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

    We can help!
    Listing Contact
    Caitlyn Williams
    Real Estate License ID: 0995684676
    (337) 278-2048 (337) 262-7873
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!