Garden-Style Office Building For
1003 Hugh Wallis Rd S # H Lafayette, LA 70508
1003 Hugh Wallis Rd S # H, Lafayette, LA, 70508
$750,000
For Sale
$750,000
Four-unit office building with suites, ideal for owner-occupant.
Property Size5,199 SF
Price / SF$144.26
Days on Market235
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 Agency
Lee & Associates - Lafayette
(337) 578-5563
Listed by
Ryan Polito, CCIM · License #995698987
(337) 578-5563
Source
Lee-associates
Added: Nov 26, 2025 Checked: Jul 17 at 6:14 am
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
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
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
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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.
