Downtown Office
New
For Sale
$600,000
1118 Jefferson Street, Lafayette, LA 70501
Commercial Sale, Lafayette, LA
Property Size2,841 SF
Lot Size0.32 Acres
Price / SF$211.19
Days on Market3
Property Features for 1118 Jefferson Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Downtown
Parking features
Gated
Fencing
Gate
Lot features
Level, Shade Tree(s)
Directions
From Hwy 90, turn onto Johnston St, then left onto Jefferson St. The property will be on your right.
Subdivision
G2
Standard status
Active
APN
6057022
Size
2,841 SF
Lot size
0.32 Acres
Additional Details
Property Use
Office
Taxes and HOA fees
Tax Description
Lots 1-2-3-4 Blk 1-A Moutons Add
Tax Annual Amount
7511
Legal Description
Lots 1-2-3-4 Blk 1-A Moutons Add
Utilities
Utilities
Electricity Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1991
Floors in Building
2
Flooring type
Hardwood
Building materials
Brick
Roof type
Tile
Listing Agency:
Scout Real Estate Co.
(337) 443-0880
Listed By:
Jeff Landry · License #995682229
(337) 257-5380
Added: Oct 27
Last Checked: Oct 29 at 1:06AM
MLS# 200ERS
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 2,841-square-foot office property contains five private offices, two restrooms, and functional workspace. Built in 1991, the building has brick construction, hardwood flooring, central heating and air conditioning, and a tile roof. The 0.32-acre lot is fenced and gated, with flexibility for parking and storage.
The property is at 1118 Jefferson Street in Downtown Lafayette. Public water and sewer serve the site, and electricity is available.
The property is at 1118 Jefferson Street in Downtown Lafayette. Public water and sewer serve the site, and electricity is available.
Key Highlights
- 2,841‑square‑foot office building on a 0.32‑acre lot
- Five private offices and two restrooms
- Gated, fenced lot with parking and storage flexibility
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,061
Cap Rate
5.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$661,220
$661.2K
Cap Rate 7%
$472,300
$472.3K
Cap Rate 9%
$367,344
$367.3K
Market Conditions
NOI Build-Up for 2,841 SF
Gross rent
$51.1K $18.00/SF
− Vacancy
−$7.1K −$2.48/SF
EGI
$44.1K $15.52/SF
− OpEx
−$11.0K −$3.88/SF
NOI
$33.1K $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%
$661,220
Cap Rate 7%
$472,300
Cap Rate 9%
$367,344
Alternative Uses
Best Use
Office B
$472.3K
$413.3K – $551.0K
NOI $33,061 @ 7.0% cap · market cap 5.51%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$671.7K
$587.8K – $783.7K
NOI $47,020 @ 7.0% cap · market cap 7.84%
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
2,310
Businesses Nearby
Explore this area
Business Placement
Demographics for 70501, LA
28,721
Population
12,657
Households
2.3
Avg Household Size
38
Median Age
16%
College-Educated
78%
High-School Grad
15.3 sq mi
ZIP Area
1,877
Density / Sq Mi
$31,723
Median Household Income
$25,281
Median Earnings
$867
Median Rent
$117,200
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Five private offices and a gated, fenced lot support a range of professional operations.
Where is this office building located?
The property is located at 1118 Jefferson Street Lafayette, LA.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: 2,841‑square‑foot office building on a 0.32‑acre lot; Five private offices and two restrooms; Gated, fenced lot with parking and storage flexibility
