Fully Leased Strip
For Sale
$735,000
107 Energy Parkway, Lafayette, LA 70508
Commercial Sale, Lafayette, LA
Property Size5,856 SF
Lot Size0.43 Acres
Price / SF$125.51
Days on Market167
Property Features for 107 Energy Parkway
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Parking
26
Parking features
Parking Lot
Exterior features
Door Sign, Roof Sign
Directions
Take Pinhook towards Broussard. Pass through Kaliste Saloom intersection and approximately 1 mile take a right turn on to Energy Parkway. Building will be on the left.
Subdivision
G1
Standard status
Active
APN
6094625
Size
5,856 SF
Lot size
0.43 Acres
Taxes and HOA fees
Tax Description
SEC 50 T10S R4E (0.423 AC)(165.23X110X162.48X90X2.80X20) PAR OF GRO SEC 50 T10S R4E (0.012 AC)(5X110.71X5X110.71) (A/K/A ENERGY PARKWAY PH III)
Legal Description
SEC 50 T10S R4E (0.423 AC)(165.23X110X162.48X90X2.80X20) PAR OF GRO SEC 50 T10S R4E (0.012 AC)(5X110.71X5X110.71) (A/K/A ENERGY PARKWAY PH III)
Utilities
Heating system
Electric (Heating), Central
Cooling system
Central Air
Water source
Public
Building Details
Floors in Building
1
Building materials
Stucco
Listing Agency:
Real Broker, LLC
(337) 534-0555
Listed By:
Joel G Bacque · License #995684240
(337) 739-0425
Added: Apr 14
Changed: Sep 13
Last Checked: Sep 27 at 12:06PM
MLS# 2600003155
Copyright © 2026 Realtor Association of Acadiana. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located at 107 Energy Parkway in Lafayette, Louisiana, this 5,856-square-foot strip center is configured with four suites and is fully occupied by two tenants. One suite measures approximately 2,900 square feet and serves as a professional office, while the other three suites are combined for an entertainment business. The building features stucco construction, central air conditioning, electric central heating, door signage, and roof signage.
The property occupies 0.43 acres and includes a parking lot, public water service, and frontage along Energy Parkway. Its position near Kaliste Saloom Road and Pinhook Road places it among professional offices, retail destinations, restaurants, and residential development. Commercial zoning supports the property’s current commercial configuration.
The property occupies 0.43 acres and includes a parking lot, public water service, and frontage along Energy Parkway. Its position near Kaliste Saloom Road and Pinhook Road places it among professional offices, retail destinations, restaurants, and residential development. Commercial zoning supports the property’s current commercial configuration.
Key Highlights
- 5,856‑square‑foot strip center on 0.43 acres
- Four‑suite layout with two tenants in occupancy
- Approximately 2,900‑square‑foot professional office suite
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
$67,637
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
9.20%
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%
$1,352,740
$1.4M
Cap Rate 7%
$966,243
$966.2K
Cap Rate 9%
$751,522
$751.5K
Market Conditions
NOI Build-Up for 5,856 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
$123.0K $21.00/SF
− Vacancy
−$14.8K −$2.52/SF
EGI
$108.2K $18.48/SF
− OpEx
−$40.6K −$6.93/SF
NOI
$67.6K $11.55/SF
Area
Lafayette, LA
Vacancy
12.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
37.50%
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%
$1,352,740
Cap Rate 7%
$966,243
Cap Rate 9%
$751,522
Alternative Uses
Best Use
Retail
$1.01M
$887.8K – $1.18M
NOI $71,020 @ 7.0% cap · market cap 9.66%
Second Best
Mixed Use
$966.2K
$845.5K – $1.13M
NOI $67,637 @ 7.0% cap · market cap 9.20%
Theoretical Best
Office A
$1.38M
$1.21M – $1.62M
NOI $96,919 @ 7.0% cap · market cap 13.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
4
Office units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,485
Businesses Nearby
Explore this area
Business Placement
Demographics for 70508, LA
40,343
Population
18,677
Households
2.2
Avg Household Size
38
Median Age
47%
College-Educated
94%
High-School Grad
24.3 sq mi
ZIP Area
1,660
Density / Sq Mi
$88,017
Median Household Income
$51,614
Median Earnings
$1,244
Median Rent
$299,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Strip mall - Four-suite commercial property with on-site parking, commercial zoning, and two occupants in place.
Where is this strip mall located?
The property is located at 107 Energy Parkway Lafayette, LA.
What is the asking price?
The asking price for this property is $735,000.
What are key features of this property?
This property features: 5,856‑square‑foot strip center on 0.43 acres; Four‑suite layout with two tenants in occupancy; Approximately 2,900‑square‑foot professional office suite
