Flex Space with Office
For Sale
$270,000
205 Four Park Road, Lafayette, LA 70507
Commercial Sale, Lafayette, LA
Property Size3,000 SF
Lot Size0.32 Acres
Price / SF$90
Days on Market82
Property Features for 205 Four Park Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
CM
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Parking features
Off Street
Exterior features
OH Door < 10 Ft
Subdivision
Northerland
Directions
Form the I-10/I-40 interchange, take I-49 North toward Opelousas, exit at Gloria Switch Road (Exit 4). Turn left onto Gloria Switch and then turn right onto Four Park Road. Continue through the industrial park, and the building is on your left.
Standard status
Active
APN
6072139
Size
3,000 SF
Lot size
0.32 Acres
Taxes and HOA fees
Tax Description
LOT 8 NORTHERLAND - AN INDUSTRIAL DEVELOPMENT (100X135.4X100X135.97)
Legal Description
LOT 8 NORTHERLAND - AN INDUSTRIAL DEVELOPMENT (100X135.4X100X135.97)
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Floors in Building
1
Flooring type
Concrete
Roof type
Metal
Listing Agency:
The Gleason Group
(337) 262-7873
Listed By:
Caitlyn Williams · License #0995684676
(337) 278-2048
Added: Jun 25
Changed: Sep 12
Last Checked: Sep 14 at 4:06PM
MLS# 2600005760
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 3,000-square-foot flex property combines approximately 800 square feet of office area with 2,200 square feet of insulated warehouse space. The warehouse provides 10-foot eave clearance and a 10-by-10-foot roll-up door, while concrete flooring, central heating, central air, a bathroom, and a metal roof support everyday operations. The building sits on a 0.32-acre parcel with public water service and off-street parking at the front and rear.
Located at 205 Four Park Road in Lafayette, the property is positioned just off Gloria Switch Road with access to I-49 and the broader Lafayette area. CM zoning is in place, and the layout accommodates a combination of office, storage, and loading functions within one commercial facility.
Located at 205 Four Park Road in Lafayette, the property is positioned just off Gloria Switch Road with access to I-49 and the broader Lafayette area. CM zoning is in place, and the layout accommodates a combination of office, storage, and loading functions within one commercial facility.
Key Highlights
- 3,000 SF flex property with approximately 800 SF of office and 2,200 SF of insulated warehouse space
- 10' eave heights and a 10' x 10' roll‑up door
- 0.32‑acre parcel with front and rear parking
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$17,187
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.37%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$343,740
$343.7K
Cap Rate 7%
$245,529
$245.5K
Cap Rate 9%
$190,967
$191.0K
Market Conditions
NOI Build-Up for 3,000 SF
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.
Gross rent
$21.2K $7.08/SF
− Vacancy
−$1.0K −$0.34/SF
EGI
$20.2K $6.74/SF
− OpEx
−$3.0K −$1.01/SF
NOI
$17.2K $5.73/SF
Area
Lafayette, LA
Vacancy
4.80%
Lease Rate
$7.08 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$343,740
Cap Rate 7%
$245,529
Cap Rate 9%
$190,967
Alternative Uses
Best Use
Warehouse
$245.5K
$214.8K – $286.5K
NOI $17,187 @ 7.0% cap · market cap 6.37%
Second Best
Industrial
$202.2K
$176.9K – $235.9K
NOI $14,154 @ 7.0% cap · market cap 5.24%
Theoretical Best
Office A
$709.3K
$620.6K – $827.5K
NOI $49,651 @ 7.0% cap · market cap 18.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
10 ft
Clear height
1
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
283
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 70507, LA
17,791
Population
8,133
Households
2.2
Avg Household Size
36
Median Age
30%
College-Educated
92%
High-School Grad
21.4 sq mi
ZIP Area
831
Density / Sq Mi
$64,010
Median Household Income
$40,700
Median Earnings
$937
Median Rent
$206,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - CM-zoned commercial property combines administrative space with insulated storage and loading functionality.
Where is this flex space located?
The property is located at 205 Four Park Road Lafayette, LA.
What is the asking price?
The asking price for this property is $270,000.
What are key features of this property?
This property features: 3,000 SF flex property with approximately 800 SF of office and 2,200 SF of insulated warehouse space; 10' eave heights and a 10' x 10' roll‑up door; 0.32‑acre parcel with front and rear parking
