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Garden-Style Office Building For Sale

1003 Hugh Wallis Rd S # H Lafayette, LA 70508

Claim this Listing
For Sale
$750,000

Four-unit office building with suites, ideal for owner-occupant.

Type:Office
Property size:
5,199 SF
Price / SF:
$144.26/SF
Added:
Nov 26, 2025
Days on Market:
230
Last Refresh:
May 8 at 9:31 pm

Property Features for 1003 Hugh Wallis Rd S # H

General Information

Standard status
Active
Size
5,199 SF
Property subtype
Office

Building Details

Year Built
1860

Listing office Lee & Associates - Lafayette

Listing date Nov 26, 2025

Source Lee-associates

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Lee & Associates - Lafayette


Investment Insights

Based on property information with market context.

Building H is a garden-style office building with four units, situated within The Gardens Condominiums on S. Hugh Wallis Road. The building has an approximate total area of 5,199 square feet. Individual suites range in size from approximately 1,200 to 1,400 square feet. Each suite includes a private restroom and kitchenette. Office layouts vary by unit. The property is suitable for an owner-occupant looking to occupy part of the building and lease the remaining suites for additional income. One suite is currently leased. The Gardens Condominiums are located at 1003 S Hugh Wallis Road, Lafayette, LA 70508, approximately 0.5 miles from Kaliste Saloom and 1 mile from Verot School Road, providing convenient access to Highway 90. The location offers accessibility to other parts of Lafayette, including the Oil Center, Downtown, and River Ranch.

Key Highlights

  • Suited for owner‑occupant to lease remaining suites for income.
  • Located within The Gardens Condominiums on S. Hugh Wallis Road.
  • Convenient access to Highway 90 via Kaliste Saloom and Verot School Road.

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 $93.6k $18.00
− Vacancy −$12.9k −$2.48
EGI $80.7k $15.52
− OpEx −$20.2k −$3.88
NOI $60.5k $11.64
5,199 SF · lease $18.00/SF/yr · vacancy 13.80% · expense 25.00%

Alternative Uses

Best Use
Office B
$864.3K
$756.3K – $1.01M (±1% cap)
NOI $60,501 @ 7.0% cap · market cap 8.07%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.23M
$1.08M – $1.43M (±1% cap)
NOI $86,046 @ 7.0% cap · market cap 11.47%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Ryan Winters, LPC Counselor Professional In Home TV ... Computer & Electronic Repair Stat Health Care Home Health Care Service Mia Robinson - Realtor Real Estate Agency LINES LLC Architect

Suggested Use

Garden Center Electrical Service Food Market Grocery & Convenience Store Parking Lot & Garage Grocery & Convenience Store Daycare Center Auto Parts Store Cafe & Coffee Shop Catering Service

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

FAQs

What type of property is this?
Office building - Four-unit office building with suites, ideal for owner-occupant.
Where is this office building located?
The property is located at 1003 Hugh Wallis Rd S # H Lafayette, LA.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Suited for owner‑occupant to lease remaining suites for income.; Located within The Gardens Condominiums on S. Hugh Wallis Road.; Convenient access to Highway 90 via Kaliste Saloom and Verot School Road.
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More about this property
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