Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    626 Verot School Rd Lafayette, LA 70508

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Adaptable 1,255 sq ft unit suitable for various businesses.

    Property size:
    1,255 SF
    Lot size:
    0.93 Acres

    Property Features for 626 Verot School Rd

    General Information

    Size
    1,255 SF
    Lot size
    0.93 Acres

    We can help!

    Listing Contact
    Jake Zimmerman
    Jake Zimmerman
    Source: Moodyscre

    Listing Agency: Scout Real Estate Company Listing Agent: Jake Zimmerman

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Versatile Space Near Verot School

    This 1,255 sq. ft. unit is located just off Verot School Rd. The space is currently configured as a fully functional doctor's office, featuring a flexible layout that can be adapted to various business needs. This location is suitable for a professional office, retail space, or other commercial ventures.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Michael J. Young, ... Dental Office Rosewood Rehabilitation - Lafayette ... Physician Christopher W. Hoffpauir, ... Physician Celie Rivera, OT Physician Dev the barber @Blended ... Barber Shop

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lafayette
    County
    Lafayette
    State
    Louisiana
    Longitude
    -92.0146217
    Latitude
    30.17413

    Nearby Similar for Lease

    • $1,200 /Mo
      527 SF

      Retail/Office Space on Johnston Street

      Retail or office space in high-traffic Lafayette location.
      3302 Johnston St, Lafayette, LA 70503
      View Details
    • $5,800 /Mo
      4,355 SF

      Lafayette Commercial Space For Lease

      Prime commercial space in Acadian Plaza Shopping Center, Lafayette, LA.
      3302 Johnston St, Lafayette, LA 70503
      View Details
    • $1,200 /Mo
      660 SF

      Retail/Office Space on Johnston Street

      Retail or office space for lease in Lafayette, Louisiana.
      3302 Johnston St, Lafayette, LA 70503
      View Details
    • New
      Contact for pricing
      9,000 SF

      Versatile Commercial Space in Lafayette

      9,000 sq ft suite ideal for events or retail.
      6413 Johnston St, Lafayette, LA 70503
      View Details
    • New
      Contact for pricing
      8,300 SF

      Versatile Commercial Suite in Lafayette

      Two-story commercial suite with warehouse in high-traffic area.
      6413 Johnston St, Lafayette, LA 70503
      View Details
    • New
      Contact for pricing
      8,300 SF

      Versatile Commercial Suite in Lafayette

      Two-story commercial suite with warehouse in high-traffic area.
      6413 Johnston St, Lafayette, LA 70503
      View Details
    • $2,750 /Mo
      1,500 SF

      Lafayette Commercial Suite For Lease

      Highly visible commercial suite ideal for various service-oriented businesses.
      300 Youngsville Hwy, Lafayette, LA 70508
      View Details
    • New
      Contact for pricing
      884 SF

      Lafayette Office Space For Rent

      Affordable office space in a professionally managed condominium complex.
      221 Southpark Rd, Lafayette, LA 70508
      View Details
    • Contact for pricing
      10,000 SF

      Lafayette Commercial Mixed-Use Development

      New commercial mixed-use retail/office development with build-to-suite options.
      608 E Gloria Switch Rd, Lafayette, LA 70507
      View Details
    • $2,700 /Mo
      2,086 SF

      Retail Space on Ambassador Caffery

      Retail space for lease on Ambassador Caffery Parkway.
      3263 Ambassador Cafferey Pkwy, Lafayette, LA 70506
      View Details
    • $1,350 /Mo
      1,280 SF

      Lafayette Commercial Retail/Office Space

      1,280 sq ft commercial space ideal for retail/office.
      249 N College Rd, Lafayette, LA 70506
      View Details
    • Contact for pricing
      909 SF

      Lafayette Office Space For Rent

      Executive office suites in prime location with ample parking.
      3639 Ambassador Caffery Pkwy, Lafayette, LA 70503
      View Details

    FAQs

    What type of property is this?
    Retail space - Adaptable 1,255 sq ft unit suitable for various businesses.
    Where is this retail space located?
    The property is located at 626 Verot School Rd Lafayette, LA.
    What is the lease rate?
    The lease rate is $20 SF/Yr.
    What are key features of this property?
    This property features: - Versatile 1,255 sq. ft. unit suitable for various business needs.; - Located just off Verot School Rd.; - Currently set up as a fully functional doctor's office.
    (337) 781-9733 Call to check price and availability
    Request Owner's contact information
    626 Verot School Rd Lafayette, LA 70508
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    626 Verot School Rd
    Lafayette, LA 70508
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    626 Verot School Rd Lafayette, LA 70508
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Jake Zimmerman
    Jake Zimmerman
    Real Estate License ID: 995715702
    (337) 781-9733 (337) 443-0880 (337) 501-6457
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!