Renovated Historic Office
For Sale
$825,000
Pending
120 Caillouett Place, Lafayette, LA 70501
Commercial Sale, Lafayette, LA
Property Size3,476 SF
Lot Size0.23 Acres
Days on Market232
Property Features for 120 Caillouett Place
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Downtown
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 2, Bathroom 3, Bathroom 1
Parking
1
Parking features
On Street
Lot features
Level
Directions
From i-10 take University Avenue south. Left on Johnston Street. Left on Jefferson. Left on Caillouet. First property on the right after the parking lot.
Subdivision
G3
Standard status
Pending
APN
6010243
Lot size
0.23 Acres
Additional Details
Tenant in Place
Yes
Property Use
Office
Taxes and HOA fees
Tax Description
LOTS 18 20 22 24 CAILLOUET PLACE SUB (100X100)
Tax Annual Amount
7810
Legal Description
LOTS 18 20 22 24 CAILLOUET PLACE SUB (100X100)
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Ceiling Fan(s), Central Air
Water source
Public
Building Details
Floors in Building
2
Flooring type
Wood
Building materials
Frame
Roof type
Metal
Buildings
1
Listing Agency:
Keaty Real Estate Team
(337) 235-7770
Listed By:
Tyler Albrecht · License #0995697749
(337) 780-9698
Added: Mar 5
Changed: Oct 23
Last Checked: Oct 23 at 7:06PM
MLS# 2600001736
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.
Built in 1896 and subsequently renovated, this 3,476-square-foot office building is arranged across two floors. The downstairs includes five office spaces and two bathrooms; upstairs are three more offices and one bathroom. Wood flooring, central heating, central air, and a metal roof are among the property’s features. The site measures 0.23 acres and has Downtown zoning.
The property is in downtown Lafayette, across from Rock'N'Bowl and near Spoonbill and Keller's. It is occupied by a title company and several other professional tenants. Public water and sewer serve the property.
The property is in downtown Lafayette, across from Rock'N'Bowl and near Spoonbill and Keller's. It is occupied by a title company and several other professional tenants. Public water and sewer serve the property.
Key Highlights
- 3,476‑square‑foot office building constructed in 1896 and renovated
- Eight offices across two floors: five downstairs and three upstairs
- Three bathrooms: two on the ground floor and one upstairs
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,450
Cap Rate
4.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$809,000
$809.0K
Cap Rate 7%
$577,857
$577.9K
Cap Rate 9%
$449,444
$449.4K
Market Conditions
NOI Build-Up for 3,476 SF
Gross rent
$62.6K $18.00/SF
− Vacancy
−$8.6K −$2.48/SF
EGI
$53.9K $15.52/SF
− OpEx
−$13.5K −$3.88/SF
NOI
$40.5K $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%
$809,000
Cap Rate 7%
$577,857
Cap Rate 9%
$449,444
Alternative Uses
Best Use
Office B
$577.9K
$505.6K – $674.2K
NOI $40,450 @ 7.0% cap · market cap 4.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$821.8K
$719.1K – $958.8K
NOI $57,529 @ 7.0% cap · market cap 6.97%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
8
Office units
Multi-tenant
Tenancy
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 - A multi-office workspace pairs historic character with modern amenities in downtown Lafayette.
Where is this office building located?
The property is located at 120 Caillouett Place Lafayette, LA.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: 3,476‑square‑foot office building constructed in 1896 and renovated; Eight offices across two floors: five downstairs and three upstairs; Three bathrooms: two on the ground floor and one upstairs
