Owner-Occupied Professional
For Sale
$1,200,000
Pending
114 Representative Row, Lafayette, LA 70508
COMMERCIAL - Lafayette, LA
Property Size8,816 SF
Lot Size0.65 Acres
Days on Market224
Property Features for 114 Representative Row
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
comm mixed 1
Parking features
Parking Lot, Off Street
Security features
Security System
Exterior features
Pole Sign
Subdivision
Corporate Blk
Directions
FROM VEROT SCHOOL ROAD TAKE A LEFT ON FEU FOLIET RD THEN RIGHT ON REPRESENTATIVE ROW BUILIDING ON LEFT
Standard status
Pending
APN
6073388
Size
8,816 SF
Lot size
0.65 Acres
Taxes and HOA fees
Tax Description
LOTS 66,67,68 CORP BLOCK PHASE 1
Legal Description
LOTS 66,67,68 CORP BLOCK PHASE 1
Utilities
Heating system
Central, Electric (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Floors in Building
2
Flooring type
Carpet - Full, Tile
Listing Agency:
Your Southern Real Estate Co.
(337) 339-1868
Listed By:
Melissa Trahan · License #995687130
(337) 339-1868
Added: Jan 19
Changed: Aug 6
Last Checked: Aug 31 at 10:06PM
MLS# 2600000079
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.
This owner-occupied professional office property includes two office buildings connected by an interior corridor, enabling the space to operate as a single office while allowing for separation when desired. The main building was substantially renovated in 2019 with a complete interior rebuild, including raised ceilings, updated flooring, modern lighting, custom cabinetry, upgraded bathrooms, and full electrical, plumbing, and ventilation upgrades.
The adjacent building has additional capital improvements including a new roof, commercial-grade window tinting, sealed windows for improved energy efficiency, and updated HVAC systems. The property is set up for professional use with reception, a conference room, and private offices.
Approximately 2,879 square feet in Building B is currently leased on a month-to-month basis, generating additional income, with the tenant expressing interest in staying and an openness to a longer-term lease at the buyer’s option. Convenient access to Highway 90 and nearby routes including I-10 and Ambassador Caffery Parkway supports travel for employees and clients.
The adjacent building has additional capital improvements including a new roof, commercial-grade window tinting, sealed windows for improved energy efficiency, and updated HVAC systems. The property is set up for professional use with reception, a conference room, and private offices.
Approximately 2,879 square feet in Building B is currently leased on a month-to-month basis, generating additional income, with the tenant expressing interest in staying and an openness to a longer-term lease at the buyer’s option. Convenient access to Highway 90 and nearby routes including I-10 and Ambassador Caffery Parkway supports travel for employees and clients.
Key Highlights
- Owner‑occupied professional office with optional income at 114 & 116 Representative Row in Lafayette
- Two office buildings connected by an interior corridor for one cohesive office layout with flexibility for separate use
- Main building renovated in 2019 with raised ceilings, updated flooring, modern lighting, custom cabinetry, upgraded bathrooms, and full electrical/plumbing/ventilation upgrades
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
$102,592
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
8.55%
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%
$2,051,840
$2.1M
Cap Rate 7%
$1,465,600
$1.5M
Cap Rate 9%
$1,139,911
$1.1M
Market Conditions
NOI Build-Up for 8,816 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
$158.7K $18.00/SF
− Vacancy
−$21.9K −$2.48/SF
EGI
$136.8K $15.52/SF
− OpEx
−$34.2K −$3.88/SF
NOI
$102.6K $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 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%
$2,051,840
Cap Rate 7%
$1,465,600
Cap Rate 9%
$1,139,911
Alternative Uses
Best Use
Office B
$1.47M
$1.28M – $1.71M
NOI $102,592 @ 7.0% cap · market cap 8.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.08M
$1.82M – $2.43M
NOI $145,908 @ 7.0% cap · market cap 12.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,492
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Two connected office buildings provide reception, conference space, and private offices with an adjacent leased area.
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 $1,200,000.
What are key features of this property?
This property features: Owner‑occupied professional office with optional income at 114 & 116 Representative Row in Lafayette; Two office buildings connected by an interior corridor for one cohesive office layout with flexibility for separate use; Main building renovated in 2019 with raised ceilings, updated flooring, modern lighting, custom cabinetry, upgraded bathrooms, and full electrical/plumbing/ventilation upgrades
