Downtown Office
For Sale
Contact for pricing
120 Clinton St, Lafayette, LA 70501
For sale office building totaling about 4,000 square feet, formerly home to Fly Guys and positioned near downtown Lafayette attractions.
Property Size4,000 SF
Price / SF$180
Days on Market156
Property Features for 120 Clinton St
General Information
Standard status
Active
Size
4,000 SF
Property subtype
Office
Listing Agency:
Beacon Realty, LLC
Listed By:
Burton Richard · License #995700828
(337) 654-1973
Source:
Crexi
Added: Apr 6
Changed: Sep 4
Last Checked: Sep 7 at 2:20AM
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 Beacon Realty, LLC
Investment Insights
Based on property information with market context.
This approximately 4,000-square-foot office building is offered for sale and was formerly home to the startup Fly Guys. The property provides office workspace in a downtown setting with historic character, and it is positioned for day-to-day business use by tenants seeking an established, walkable environment.
The building is described as being just seconds away from the Lafayette Hotel development, with downtown Lafayette dining and entertainment within walking distance. Nearby attractions referenced in the remarks include the Acadiana Center for the Arts, the Children’s Museum of Acadiana, and the Cathedral of St. John the Evangelist.
As a downtown office asset, the property is intended to support flexible professional and creative office operations consistent with its prior use as a startup workspace.
The building is described as being just seconds away from the Lafayette Hotel development, with downtown Lafayette dining and entertainment within walking distance. Nearby attractions referenced in the remarks include the Acadiana Center for the Arts, the Children’s Museum of Acadiana, and the Cathedral of St. John the Evangelist.
As a downtown office asset, the property is intended to support flexible professional and creative office operations consistent with its prior use as a startup workspace.
Key Highlights
- About 4,000 SF office building for sale
- Formerly home to Fly Guys startup
- Positioned near downtown Lafayette attractions and landmarks
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
$46,548
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
6.47%
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%
$930,960
$931.0K
Cap Rate 7%
$664,971
$665.0K
Cap Rate 9%
$517,200
$517.2K
Market Conditions
NOI Build-Up for 4,000 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
$72.0K $18.00/SF
− Vacancy
−$9.9K −$2.48/SF
EGI
$62.1K $15.52/SF
− OpEx
−$15.5K −$3.88/SF
NOI
$46.5K $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 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%
$930,960
Cap Rate 7%
$664,971
Cap Rate 9%
$517,200
Alternative Uses
Best Use
Office B
$665.0K
$581.9K – $775.8K
NOI $46,548 @ 7.0% cap · market cap 6.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$945.7K
$827.5K – $1.10M
NOI $66,202 @ 7.0% cap · market cap 9.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,365
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
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 - For sale office building totaling about 4,000 square feet, formerly home to Fly Guys and positioned near downtown Lafayette attractions.
Where is this office building located?
The property is located at 120 Clinton St Lafayette, LA.
What is the asking price?
The asking price for this property is $720,000.
What are key features of this property?
This property features: About 4,000 SF office building for sale; Formerly home to Fly Guys startup; Positioned near downtown Lafayette attractions and landmarks
