Flex Office with
For Sale
$1,200,000
103 E Pinhook Rd, Lafayette, LA 70501
Corner property offers office space plus a rear warehouse and ample on-site parking, zoned IL (Industrial Light).
Property Size10,807 SF
Lot Size0.47 Acres
Price / SF$111.04
Days on Market119
Property Features for 103 E Pinhook Rd
General Information
Standard status
Active
Size
10,807 SF
Lot size
0.47 Acres
Property subtype
Office
Zoning
IL
Building Details
Building Size
10,807 SF
Listing Agency:
Elifin Realty
Listed By:
Sam Johns · License #995718912
(225) 223-9789
Source:
Elifinrealty
Added: May 8
Changed: Sep 3
Last Checked: Sep 2 at 4:40PM
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
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.
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 = 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
$61,915
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
5.16%
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%
$1,238,300
$1.2M
Cap Rate 7%
$884,500
$884.5K
Cap Rate 9%
$687,944
$687.9K
Market Conditions
NOI Build-Up for 10,807 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
$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 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%
$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
NOI $125,761 @ 7.0% cap · market cap 10.48%
Second Best
Warehouse
$884.5K
$773.9K – $1.03M
NOI $61,915 @ 7.0% cap · market cap 5.16%
Theoretical Best
Office A
$2.56M
$2.24M – $2.98M
NOI $178,860 @ 7.0% cap · market cap 14.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
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Similar Off Market Nearby
- Cafe Bella — 301 Heymann Blvd, Lafayette, LA 70503
- ESS Support Services Worldwide — 503 W Pinhook Rd, Lafayette, LA 70503
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 $1,200,000.
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
