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

    606 Lee Ave Lafayette, LA 70501

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

    Class A office space in Downtown Lafayette with dedicated parking.

    Type:Office
    Property size:
    2,400 SF
    Added:
    Apr 7, 2025
    Days on Market:
    361
    Last Refresh:
    Mar 16 at 10:41 am

    Property Features for 606 Lee Ave

    General Information

    Standard status
    Active
    Size
    2,400 SF
    Property subtype
    Office

    Spaces For Lease

    at 606 Lee Ave Contact us

    $18 /Mo

    Size
    2,400 SF
    Type
    Office
    Contact us

    We can help!

    Listing Contact
    Sam Johns

    Listing agent Sam Johns License #995718912

    Listing office Elifin Realty Lafayette

    Listing date Apr 7, 2025

    Source Crexi

    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 Elifin Realty Lafayette

    Overview

    Downtown Lafayette Class A Office

    Located in Downtown Lafayette, 606 Lee Ave offers approximately 2,400 square feet of Class A office space. The layout includes a reception/lobby area, five private offices, a large open work area, a kitchenette, and two restrooms. A private courtyard is located in the rear of the property. The off-street parking lot can accommodate more than 10 vehicles. This location is approximately a four-minute walk from the Lafayette Parish Courthouse, making it suitable for legal, architectural, or creative services.
    Location Intelligence

    Current Use by Public Records

    DenMar Staffing Employment Agency Skinner & Associates Inc Holding Company Design By Todd, ... Interior Design ELIFIN® Commercial Real ... Real Estate Agency

    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
    -92.0175127
    Latitude
    30.2230435

    Nearby Similar for Lease

    • Contact for pricing

      Lafayette Retail Space For Rent

      Retail space near future Buc-ee's, ready for beauty industry.
      551 E Pont Des Mouton Road unit: B, Lafayette, LA 70507
      View Details
    • $1,700,000/mo

      Lafayette Entertainment Venue Opportunity

      Iconic downtown Lafayette venue with dance floor, stage, and kitchen.
      417 Jefferson Street, Lafayette, LA 70501
      View Details
    • Contact for pricing

      Lafayette Commercial Suite For Lease

      Highly visible commercial suite ideal for various service-oriented businesses.
      300 Youngsville Highway unit: 100, Lafayette, LA 70508
      View Details
    • $1,200,000/mo

      Versatile Commercial Hub in Lafayette

      Adaptable commercial property with office, manufacturing, and warehouse space.
      120 Banks Avenue, Lafayette, LA 70506
      View Details
    • $250,000/mo

      Lafayette Commercial Space For Rent

      Two suites available, formerly convenience store, restaurant, and hair salon.
      2321 E Simcoe Street, Lafayette, LA 70501
      View Details
    • $780,000/mo

      Lafayette Office Building For Rent

      Well-maintained office building in Lafayette's Corporate Boulevard corridor.
      206 Magnate Drive, Lafayette, LA 70508
      View Details
    • Contact for pricing

      Lafayette Commercial Office Space Available

      Commercial office space for lease in prime Lafayette location.
      601 Guilbeau Road unit: E, Lafayette, LA 70506
      View Details
    • Contact for pricing

      Lafayette Commercial Retail/Office Space

      1,280 sq ft commercial space ideal for retail/office.
      249 N College Road unit: B, Lafayette, LA 70506
      View Details
    • $815,000/mo

      Lafayette Commercial Gymnasium For Rent

      Climate-controlled commercial space with gymnasium setup and I-10 access.
      302 Toledo Drive unit: 0, Lafayette, LA 70506
      View Details
    • Contact for pricing

      Versatile Commercial Suite in Lafayette

      Two-story commercial suite with warehouse in high-traffic area.
      6413 Johnston Street unit: 100, Lafayette, LA 70503
      View Details
    • Contact for pricing

      Versatile Commercial Space in Lafayette

      9,000 sq ft suite ideal for events or retail.
      6413 Johnston Street unit: 600, Lafayette, LA 70503
      View Details
    • Contact for pricing

      Lafayette Office Suite For Rent

      Private office suite in prime Lafayette location available for lease.
      345 Doucet Road unit: 212, Lafayette, LA 70503
      View Details

    FAQs

    What type of property is this?
    Office units - Class A office space in Downtown Lafayette with dedicated parking.
    Where is this office units located?
    The property is located at 606 Lee Ave Lafayette, LA.
    What are key features of this property?
    This property features: Class A office space in Downtown Lafayette; Dedicated parking lot with 10+ spaces; Ideal location: a short walk from the Lafayette Parish Courthouse
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Sam Johns
    Real Estate License ID: 995718912
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!