Building Details

Building Size 10,807 SF

Listing Agency: Elifin Realty

Listed By: Sam Johns · License #995718912 Show Phone

Source: Elifinrealty

Added: May 8 Changed: Oct 1 Last Checked: Oct 16 at 6:00AM

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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 Elifin Realty

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Investment Insights

Based on property information with market context.

This corner flex property combines office space with a rear warehouse for additional storage or operational support. The site is designed for an office-style use and is specifically suited for medical or traditional office use, with parking available on-site.

The property is located at the intersection of E Pinhook Rd and Jefferson St, positioned along one of Lafayette’s primary commercial corridors and near Downtown Lafayette’s established commercial district.

The offering is zoned IL (Industrial Light) and includes ample on-site parking, supporting convenient customer and staff access for office operations alongside warehouse storage.

Key Highlights

• 10,807 SF office building on a 12,315 SF corner lot at E Pinhook Rd and Jefferson St
• Includes office space plus a rear warehouse for additional storage or operational support
• Ample on‑site parking available

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$61,915

Cap Rate

5.90%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,238,300 $1.2M

Cap Rate 7%

$884,500 $884.5K

Cap Rate 9%

$687,944 $687.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 10,807 SF

Gross rent

$76.5K $7.08/SF

− Vacancy

−$3.7K −$0.34/SF

EGI

$72.8K $6.74/SF

− OpEx

−$10.9K −$1.01/SF

NOI

$61.9K $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 Rate 5%

$1,238,300

Cap Rate 7%

$884,500

Cap Rate 9%

$687,944

Alternative Uses

Best Use

Office B

$1.80M

$1.57M – $2.10M (±1% cap)

NOI $125,761 @ 7.0% cap · market cap 11.98%

Second Best

Warehouse

$884.5K

$773.9K – $1.03M (±1% cap)

NOI $61,915 @ 7.0% cap · market cap 5.90%

Theoretical Best

Office A

$2.56M

$2.24M – $2.98M (±1% cap)

NOI $178,860 @ 7.0% cap · market cap 17.03%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Dynamic Rehabilitative Orthotic ... Orthotics & Prosthetics Service Physical Therapy Works Medical Clinic

Suggested Use

Top Pick HVAC Service Electrical Service Big Box & Wholesale Store Kitchen & Bath Showroom Storage Facility Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,307

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 70501, LA

28,721

Population

12,657

Households

2.3

Avg Household Size

38

Median Age

16%

College-Educated

78%

High-School Grad

15.3 sq mi

ZIP Area

1,877

Density / Sq Mi

$31,723

Median Household Income

$25,281

Median Earnings

$867

Median Rent

$117,200

Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - Corner property offers office space plus a rear warehouse and ample on-site parking, zoned IL (Industrial Light).

Where is this flex space located?

The property is located at 103 E Pinhook Rd Lafayette, LA.

What is the asking price?

The asking price for this property is $1,050,000.

What are key features of this property?

This property features: 10,807 SF office building on a 12,315 SF corner lot at E Pinhook Rd and Jefferson St; Includes office space plus a rear warehouse for additional storage or operational support; Ample on‑site parking available