Standalone Office
105 Chapel Drive, Lafayette, LA 70506
For Sale
$925,000
Dedicated parking and access to Johnston Street and Ambassador Caffery serve this professional property.
Property Size7,000 SF
Price / SF$132.14
Days on Market53
Property Features for 105 Chapel Drive
General Information
Standard status
Size
Additional Details
Property Use
Listing Agency:
Coldwell Banker Trahan Real Estate Group
(337) 993-1414
Listed By:
Sonny Scruggs · License #0995702748
(337) 552-3700
Source:
Exprealty
Added: Sep 16
Changed: Nov 3
Last Checked: Nov 6 at 2:26PM
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 Coldwell Banker Trahan Real Estate Group
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This standalone office property at 105 Chapel Drive is arranged to accommodate private offices, conference rooms, and a client reception area. Dedicated parking is provided on the lot.
The property is just off Guilbeau Road, with access to Johnston Street and Ambassador Caffery. Its professional layout and road connections support a range of office functions.
The property is just off Guilbeau Road, with access to Johnston Street and Ambassador Caffery. Its professional layout and road connections support a range of office functions.
Key Highlights
- Standalone office property at 105 Chapel Drive
- Layout accommodates private offices, conference rooms, and client reception
- Dedicated parking on the lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$81,459
Cap Rate
8.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,629,180
$1.6M
Cap Rate 7%
$1,163,700
$1.2M
Cap Rate 9%
$905,100
$905.1K
Market Conditions
NOI Build-Up for 7,000 SF
Gross rent
$126.0K $18.00/SF
− Vacancy
−$17.4K −$2.48/SF
EGI
$108.6K $15.52/SF
− OpEx
−$27.2K −$3.88/SF
NOI
$81.5K $11.64/SF
Area
Lafayette, LA
Vacancy
13.80%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,629,180
Cap Rate 7%
$1,163,700
Cap Rate 9%
$905,100
Alternative Uses
Best Use
Office B
$1.16M
$1.02M – $1.36M
NOI $81,459 @ 7.0% cap · market cap 8.81%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.66M
$1.45M – $1.93M
NOI $115,853 @ 7.0% cap · market cap 12.52%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
793
Businesses Nearby
Explore this area
Business Placement
Demographics for 70506, LA
39,801
Population
20,296
Households
2
Avg Household Size
36
Median Age
37%
College-Educated
91%
High-School Grad
20.8 sq mi
ZIP Area
1,914
Density / Sq Mi
$55,553
Median Household Income
$38,764
Median Earnings
$1,024
Median Rent
$215,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office buildings in Lafayette, LA
Properties on Market for Office buildings in Lafayette
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Dedicated parking and access to Johnston Street and Ambassador Caffery serve this professional property.
Where is this office building located?
The property is located at 105 Chapel Drive Lafayette, LA.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: Standalone office property at 105 Chapel Drive; Layout accommodates private offices, conference rooms, and client reception; Dedicated parking on the lot
