Owner-Occupied Office with Leased
114 Representative Row Lafayette, LA 70508
114 Representative Row, Lafayette, LA, 70508
$1,300,000
For Sale
$1,300,000
Two connected office buildings offer reception, conference, and private office areas, plus leased income in Building B.
Property Size8,816 SF
Price / SF$147.46
Days on Market183
Property Features for 114 Representative Row
General Information
- Standard status
- Active
- Size
- 8,816 SF
Listing agency
Your Southern Real Estate Co.
(337) 339-1868
Listed by
Melissa Trahan · License #995687130
(337) 339-1868
Source
Exprealty
Added: Jan 20 Updated: Jul 20 at 11:17PM Checked: Jul 22 at 10:34AM
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 Your Southern Real Estate Co.
Investment Insights
Based on property information with market context.
This owner-occupied professional office property includes two office buildings connected by an interior corridor, allowing the campus to operate as a single cohesive office while still supporting flexibility for separate use. The main building completed a substantial interior renovation in 2019, with raised ceilings, updated flooring, modern lighting, custom cabinetry, upgraded bathrooms, and full electrical, plumbing, and ventilation upgrades. The office layout is designed for professional use and includes a reception area, conference room, and private offices.
The adjacent building has also seen capital improvements, including a new roof, commercial-grade window tinting, sealed windows for improved energy efficiency, and updated HVAC systems. Approximately 2,879 SF in Building B is currently leased, generating income under a month-to-month lease with the tenant showing interest in remaining and openness to a longer-term arrangement at the buyer’s option.
The property is located in Lafayette and provides convenient access to Highway 90 and I-10, as well as Ambassador Caffery Parkway and Kaliste Saloom Road, with Lafayette Regional Airport approximately 10 minutes away.
The adjacent building has also seen capital improvements, including a new roof, commercial-grade window tinting, sealed windows for improved energy efficiency, and updated HVAC systems. Approximately 2,879 SF in Building B is currently leased, generating income under a month-to-month lease with the tenant showing interest in remaining and openness to a longer-term arrangement at the buyer’s option.
The property is located in Lafayette and provides convenient access to Highway 90 and I-10, as well as Ambassador Caffery Parkway and Kaliste Saloom Road, with Lafayette Regional Airport approximately 10 minutes away.
Key Highlights
- Owner‑occupied professional office at 114 & 116 Representative Row in Lafayette, with two connected office buildings via an interior corridor
- Main building renovated in 2019 with raised ceilings, updated flooring, modern lighting, custom cabinetry, upgraded bathrooms, plus electrical, plumbing, and ventilation updates
- Office layout includes reception, a conference room, and private offices
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $158.7k | $18.00 |
| − Vacancy | −$21.9k | −$2.48 |
| EGI | $136.8k | $15.52 |
| − OpEx | −$34.2k | −$3.88 |
| NOI | $102.6k | $11.64 |
8,816 SF · lease $18.00/SF/yr · vacancy 13.80% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.47M
$1.28M – $1.71M
NOI $102,592 @ 7.0% cap · market cap 7.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.08M
$1.82M – $2.43M
NOI $145,908 @ 7.0% cap · market cap 11.22%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Gaar Law Firm
Law Firm
Nicole Dickens
Physician
Amanda Barfield
Physician
Lucas S. Colligan
Law Firm
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Two connected office buildings offer reception, conference, and private office areas, plus leased income in Building B.
Where is this office building located?
The property is located at 114 Representative Row Lafayette, LA.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Owner‑occupied professional office at 114 & 116 Representative Row in Lafayette, with two connected office buildings via an interior corridor; Main building renovated in 2019 with raised ceilings, updated flooring, modern lighting, custom cabinetry, upgraded bathrooms, plus electrical, plumbing, and ventilation updates; Office layout includes reception, a conference room, and private offices
