Commercial Building on Ambassador
For Sale
$950,000
1324 Ambassador Caffery Pkwy, Lafayette, LA 70506
9,084 SF building on 1.2 acres, high-traffic location.
Property Size9,084 SF
Price / SF$104.58
Days on Market320
Property Features for 1324 Ambassador Caffery Pkwy
General Information
Standard status
Active
Size
9,084 SF
Property subtype
Retail
Building Details
Building Size
9,084 SF
Listing Agency:
NAI Rampart Commercial Real Estate Lafayette
Listed By:
Flo Meadows, CCIM, CPA
(337) 258-2301
Source:
Naiglobal
Added: Nov 21, 2025
Changed: Oct 6
Last Checked: Oct 5 at 4:59PM
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 NAI Rampart Commercial Real Estate Lafayette
Investment Insights
Based on property information with market context.
A commercial building offering approximately 9,084 square feet of space is available for purchase. The standalone building is situated on approximately 1.2 acres. Located on Ambassador Caffery Parkway, the property benefits from high traffic volume, with approximately 26,000 vehicles per day. Its location offers convenient access to Interstate 10. A portion of the property could be converted to warehouse space for inventory.
Key Highlights
- High traffic Ambassador Caffery location with approximately 26,000 vehicles per day.
- Standalone building on ±1.2 acres.
- ±9,084 SF commercial building available.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,043
Cap Rate
5.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,040,860
$1.0M
Cap Rate 7%
$743,471
$743.5K
Cap Rate 9%
$578,256
$578.3K
Market Conditions
NOI Build-Up for 9,084 SF
Gross rent
$64.3K $7.08/SF
− Vacancy
−$3.1K −$0.34/SF
EGI
$61.2K $6.74/SF
− OpEx
−$9.2K −$1.01/SF
NOI
$52.0K $5.73/SF
Area
Lafayette, LA
Vacancy
4.80%
Lease Rate
$7.08 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,040,860
Cap Rate 7%
$743,471
Cap Rate 9%
$578,256
Alternative Uses
Best Use
Retail
$1.57M
$1.38M – $1.84M
NOI $110,168 @ 7.0% cap · market cap 11.60%
Second Best
Warehouse
$743.5K
$650.5K – $867.4K
NOI $52,043 @ 7.0% cap · market cap 5.48%
Theoretical Best
Office A
$2.15M
$1.88M – $2.51M
NOI $150,344 @ 7.0% cap · market cap 15.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
303
Businesses Nearby
Explore this area
Business Placement
Demographics for 70506, LA
39,801
Population
20,296
Households
2
Avg Household Size
36
Median Age
37%
College-Educated
91%
High-School Grad
20.8 sq mi
ZIP Area
1,914
Density / Sq Mi
$55,553
Median Household Income
$38,764
Median Earnings
$1,024
Median Rent
$215,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Retail space - 9,084 SF building on 1.2 acres, high-traffic location.
Where is this retail space located?
The property is located at 1324 Ambassador Caffery Pkwy Lafayette, LA.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: High traffic Ambassador Caffery location with approximately 26,000 vehicles per day.; Standalone building on ±1.2 acres.; ±9,084 SF commercial building available.
