Brick Office
1105 S College Road, Lafayette, LA 70503
For Sale
New
$997,000
Commercial Sale, Lafayette, LA
Property Size5,902 SF
Lot Size1.16 Acres
Price / SF$168.93
Days on Market2
Property Features for 1105 S College Road
General Information
Property type
Property subtype
Zoning
Parking features
Security features
Lot features
Directions
Subdivision
Standard status
APN
Size
Lot size
Additional Details
Property Use
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Heating system
Cooling system
Building Details
Year built
Floors in Building
Flooring type
Building materials
Roof type
Listing Agency:
Scout Real Estate Co.
(337) 443-0880
Listed By:
Braxton Higginbotham · License LA #9957099385
(337) 501-6457
Added: Nov 11
Last Checked: Nov 12 at 8:06PM
MLS# 200SQF
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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Investment Insights
Based on property information with market context.
This 5,902-square-foot office building sits on a 1.16-acre parcel in Lafayette. Built in 1966, it has brick construction, tile flooring, central heating and central air conditioning, a metal roof, and public sewer service. A parking lot is available on site, and the property is zoned CM-1.
Nearby destinations named include Ochsner Medical Center, UL, the Oil Center, Red's Gym, and local restaurants, shops, and businesses. Lafayette Regional Airport is described as 10 minutes away.
Nearby destinations named include Ochsner Medical Center, UL, the Oil Center, Red's Gym, and local restaurants, shops, and businesses. Lafayette Regional Airport is described as 10 minutes away.
Key Highlights
- 5,902‑square‑foot office building on 1.16 acres
- CM‑1 zoning
- Brick construction with tile flooring and metal roof
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,682
Cap Rate
6.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,373,640
$1.4M
Cap Rate 7%
$981,171
$981.2K
Cap Rate 9%
$763,133
$763.1K
Market Conditions
NOI Build-Up for 5,902 SF
Gross rent
$106.2K $18.00/SF
− Vacancy
−$14.7K −$2.48/SF
EGI
$91.6K $15.52/SF
− OpEx
−$22.9K −$3.88/SF
NOI
$68.7K $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%
$1,373,640
Cap Rate 7%
$981,171
Cap Rate 9%
$763,133
Alternative Uses
Best Use
Office B
$981.2K
$858.5K – $1.14M
NOI $68,682 @ 7.0% cap · market cap 6.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.40M
$1.22M – $1.63M
NOI $97,680 @ 7.0% cap · market cap 9.80%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,459
Businesses Nearby
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Business Placement
Demographics for 70503, LA
27,497
Population
13,052
Households
2.1
Avg Household Size
38
Median Age
55%
College-Educated
96%
High-School Grad
11.3 sq mi
ZIP Area
2,433
Density / Sq Mi
$94,360
Median Household Income
$54,170
Median Earnings
$1,087
Median Rent
$326,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/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 - CM-1 zoning and on-site lot parking support the property's office use.
Where is this office building located?
The property is located at 1105 S College Road Lafayette, LA.
What is the asking price?
The asking price for this property is $997,000.
What are key features of this property?
This property features: 5,902‑square‑foot office building on 1.16 acres; CM‑1 zoning; Brick construction with tile flooring and metal roof
