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

    1018 Harding St Ste 203 Lafayette, LA 70503

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $5,810 /Mo

    Office space for lease near medical center and university.

    Added:
    Sep 19, 2024
    Days on Market:
    563
    Last Refresh:
    Apr 1 at 8:39 pm

    Property Features for 1018 Harding St Ste 203

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    Caitlyn Williams

    Listing agent Caitlyn Williams License #0995684676

    Listing office The Gleason Group

    Listing date Sep 19, 2024

    Source Exprealty

    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 The Gleason Group

    Overview

    Office Space in Historic District

    This office space is located in the newly designated Historic District of the Oil Center in Lafayette, Louisiana. Situated on the second floor, the space is accessible via elevator or an outdoor stairwell. The location provides convenient access to Ochsner Lafayette General Medical Center, the University of Louisiana at Lafayette, and Girard Park. Ample parking is available on Harding Street, Audubon Boulevard, and Wilson Street. The lease is full service, excluding janitorial services and internet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    J. Kevin Stelly, ... Law Firm Innovative Learning Assessment Training Center FACET Employment Agency Flower & Associates Inc Corporate Office Soul Searcher Alternative Medicine Practice

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Dental Office Law Firm Big Box & Wholesale Store Auto Repair Shop Hair Salon 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
    -92.0172041
    Latitude
    30.2060637

    Nearby Similar for Lease

    • Contact for pricing

      Lafayette Retail Space For Rent

      Retail space near future Buc-ee's, ready for beauty industry.
      551 E Pont Des Mouton Road unit: B, Lafayette, LA 70507
      View Details
    • $1,700,000/mo

      Lafayette Entertainment Venue Opportunity

      Iconic downtown Lafayette venue with dance floor, stage, and kitchen.
      417 Jefferson Street, Lafayette, LA 70501
      View Details
    • Contact for pricing

      Lafayette Commercial Suite For Lease

      Highly visible commercial suite ideal for various service-oriented businesses.
      300 Youngsville Highway unit: 100, Lafayette, LA 70508
      View Details
    • $1,200,000/mo

      Versatile Commercial Hub in Lafayette

      Adaptable commercial property with office, manufacturing, and warehouse space.
      120 Banks Avenue, Lafayette, LA 70506
      View Details
    • $250,000/mo

      Lafayette Commercial Space For Rent

      Two suites available, formerly convenience store, restaurant, and hair salon.
      2321 E Simcoe Street, Lafayette, LA 70501
      View Details
    • $780,000/mo

      Lafayette Office Building For Rent

      Well-maintained office building in Lafayette's Corporate Boulevard corridor.
      206 Magnate Drive, Lafayette, LA 70508
      View Details
    • Contact for pricing

      Lafayette Commercial Office Space Available

      Commercial office space for lease in prime Lafayette location.
      601 Guilbeau Road unit: E, Lafayette, LA 70506
      View Details
    • Contact for pricing

      Lafayette Commercial Retail/Office Space

      1,280 sq ft commercial space ideal for retail/office.
      249 N College Road unit: B, Lafayette, LA 70506
      View Details
    • $815,000/mo

      Lafayette Commercial Gymnasium For Rent

      Climate-controlled commercial space with gymnasium setup and I-10 access.
      302 Toledo Drive unit: 0, Lafayette, LA 70506
      View Details
    • Contact for pricing

      Versatile Commercial Suite in Lafayette

      Two-story commercial suite with warehouse in high-traffic area.
      6413 Johnston Street unit: 100, Lafayette, LA 70503
      View Details
    • Contact for pricing

      Versatile Commercial Space in Lafayette

      9,000 sq ft suite ideal for events or retail.
      6413 Johnston Street unit: 600, Lafayette, LA 70503
      View Details
    • Contact for pricing

      Lafayette Office Suite For Rent

      Private office suite in prime Lafayette location available for lease.
      345 Doucet Road unit: 212, Lafayette, LA 70503
      View Details

    FAQs

    What type of property is this?
    Office units - Office space for lease near medical center and university.
    Where is this office units located?
    The property is located at 1018 Harding St Ste 203 Lafayette, LA.
    What is the lease rate?
    The lease rate is $5,810 /Mo.
    What are key features of this property?
    This property features: Prime office space in the newly designated Historic District of the Oil Center.; Walking distance to Ochsner Lafayette General Medical Center, The University of Louisiana at Lafayette, and Girard Park.; Ample parking on Harding Street, Audubon Boulevard, and Wilson Street.
    (337) 262-7873
    We can help!
    Listing Contact
    Caitlyn Williams
    Real Estate License ID: 0995684676
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!