Standalone Professional Office
New
For Sale
$925,000
105 Chapel Dr, Lafayette, LA 70506
Flexible office layout with private rooms, conference space, reception area, and dedicated parking.
Property Size7,000 SF
Price / SF$132.14
Days on Market7
Property Features for 105 Chapel Dr
General Information
Standard status
Active
Size
7,000 SF
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: Sep 21
Last Checked: Sep 21 at 2:44PM
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
Investment Insights
Based on property information with market context.
Standalone office property offering professional workspace in a flexible configuration. The interior includes private executive offices, conference rooms, and a client reception area, supporting a range of office-based operations. Dedicated parking is provided on the lot.
The property is located just off Guilbeau Road at 105 Chapel Drive in Lafayette, with access to Johnston Street and Ambassador Caffery. Its layout and central access support corporate, medical, and professional office uses identified for the property.
The property is located just off Guilbeau Road at 105 Chapel Drive in Lafayette, with access to Johnston Street and Ambassador Caffery. Its layout and central access support corporate, medical, and professional office uses identified for the property.
Key Highlights
- Standalone office property at 105 Chapel Drive
- Flexible layout with private executive offices, conference rooms, and client reception
- Dedicated parking on the property lot
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
$81,459
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
8.81%
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%
$1,629,180
$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
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
$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 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%
$1,629,180
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.
Property Analytics
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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
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office building - Flexible office layout with private rooms, conference space, reception area, and dedicated parking.
Where is this office building located?
The property is located at 105 Chapel Dr 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; Flexible layout with private executive offices, conference rooms, and client reception; Dedicated parking on the property lot
