Two-Level Office
New
For Sale
$679,000
120 Clinton St, Lafayette, LA 70501
The downtown property includes parking and is steps from restaurants, retail, and entertainment.
Property Size4,000 SF
Price / SF$169.75
Days on Market6
Property Features for 120 Clinton St
General Information
Standard status
Active
Size
4,000 SF
Building Details
Buildings
1
Stories
2
Listing Agency:
Compass
(337) 233-9700
Listed By:
Debbie D Greene · License #0995700583
(337) 962-6945
Source:
Exprealty
Added: Oct 10
Changed: Oct 14
Last Checked: Oct 13 at 2:11AM
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 Compass
Investment Insights
Based on property information with market context.
At 120 Clinton St in Lafayette, this two-level office building contains approximately 4,000 square feet and includes parking. Its downtown setting places restaurants, shops, and entertainment within steps of the property.
The space may suit office occupancy, an event venue, or a potential apartment conversion; each proposed use is subject to zoning, permitting, and applicable approvals.
The space may suit office occupancy, an event venue, or a potential apartment conversion; each proposed use is subject to zoning, permitting, and applicable approvals.
Key Highlights
- Approximately 4,000 square feet across two levels
- Downtown Lafayette location at 120 Clinton St
- Parking included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,548
Cap Rate
6.86%
Suggested Prices Based on Cap Rates
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
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 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 6.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$945.7K
$827.5K – $1.10M
NOI $66,202 @ 7.0% cap · market cap 9.75%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office building - The downtown property includes parking and is steps from restaurants, retail, and entertainment.
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 $679,000.
What are key features of this property?
This property features: Approximately 4,000 square feet across two levels; Downtown Lafayette location at 120 Clinton St; Parking included
