Standalone Office
For Sale
$925,000
105 Chapel Drive, Lafayette, LA 70506
Commercial Sale, Lafayette, LA
Property Size7,000 SF
Lot Size0.30 Acres
Price / SF$132.14
Days on Market44
Property Features for 105 Chapel Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Comm
Bathrooms
7
Full bathrooms
7
Rooms
Bathroom 3, Bathroom 4, Bathroom 1, Bathroom 7, Bathroom 6, Bathroom 2, Bathroom 5
Directions
Guilbeau North left on Chapel
Subdivision
G3
Standard status
Active
APN
6033415
Size
7,000 SF
Lot size
0.30 Acres
Taxes and HOA fees
Tax Description
Lots 8A 8B 8C 8D 8E 8F 9A 9B 9C 9E 9F Congress Center PH 1
Legal Description
Lots 8A 8B 8C 8D 8E 8F 9A 9B 9C 9E 9F Congress Center PH 1
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Floors in Building
1
Flooring type
Tile, Carpet
Building materials
Frame
Roof type
Composition, Metal, Tar/Gravel
Listing Agency:
Coldwell Banker Trahan Real Estate Group
(337) 993-1414
Listed By:
Sonny Scruggs · License #0995702748
(337) 552-3700
Added: Sep 16
Changed: Oct 28
Last Checked: Oct 29 at 1:06AM
MLS# 2600008710
Copyright © 2026 ROAM MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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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.
At 105 Chapel Drive, this standalone office property contains 7,000 square feet on a 0.3-acre lot. Frame construction, tile and carpet flooring, and central heating and air conditioning define the building’s basic improvements. Public water and sewer serve the site.
The property is just off Guilbeau Road, with access to Johnston Street and Ambassador Caffery. Its layout accommodates private offices, conference rooms, and reception space.
The property is just off Guilbeau Road, with access to Johnston Street and Ambassador Caffery. Its layout accommodates private offices, conference rooms, and reception space.
Key Highlights
- 7,000‑square‑foot office property on a 0.3‑acre lot
- Commercial zoning
- Frame construction with tile and carpet flooring
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Commercial zoning and a 0.3-acre lot support a range of professional office configurations.
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: 7,000‑square‑foot office property on a 0.3‑acre lot; Commercial zoning; Frame construction with tile and carpet flooring
