Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Multi-Level Professional Office Building Title is generated by Realmo AI

    128 Demanade Boulevard, Lafayette, LA 70503

    View on Map
    Claim this Listing
    New
    For Lease
    Contact for pricing

    COMMERCIAL - Lafayette, LA

    Property size:
    998 SF
    Lot size:
    0.30 Acres
    Added:
    Jun 3, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 4 at 5:06 pm

    Property Features for 128 Demanade Boulevard

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Zoning
    CM-1
    Parking features
    Parking Lot, Off Street
    Standard status
    Active
    APN
    6066352
    Size
    998 SF
    Lot size
    0.30 Acres

    Taxes and HOA fees

    Tax Description
    SEC 44 T10S R4E (0.298 AC) (100X130)

    Utilities

    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Floors in Building
    3
    Flooring type
    Wood, Carpet - Full
    Roof type
    Tar/Gravel

    We can help!

    Listing Contact
    Braxton J Higginbotham
    Braxton J Higginbotham

    Listing agent Braxton J Higginbotham License #9957099385

    Listing office Scout Real Estate Co. 617 S Buchanan Street, Lafayette, LA

    Listing date Jun 3, 2026

    MLS# 2600004909

    Copyright © 2026 Realtor Association of Acadiana. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Multi‑level office building with professional on‑site management under a full‑service lease structure
    • Central heating and central air conditioning
    • On‑site parking lot with off‑street parking, with a shared lot directly across Demanade Blvd.
    • Flooring includes slate, wood, and carpet; wood and full carpet flooring noted
    • Renovated kitchens on each floor
    • Amenities include a multimedia conference room and a dedicated concierge‑style service room

    Overview

    Spire Square is a multi-level professional office building offering a workplace environment with modern finishes throughout. Interior flooring includes slate, wood, and carpet, and each floor is equipped with renovated kitchen space for tenant convenience. The building also includes a multimedia conference room and a dedicated concierge-style service room, supported by on-site management under a full-service lease structure.

    The property is located in the Oil Center district at 128 Demanade Boulevard in Lafayette, LA 70503. Tenant parking is available in a shared lot directly across Demanade Blvd., supporting everyday access for staff and visitors.

    This offering is well suited for professional tenants seeking turn-key office services with managed operations, multiple amenity spaces, and practical, finished work areas. With kitchens on each level and dedicated conference and service rooms, the building supports both daily operations and client or internal meetings within a single managed property framework.
    Property Profile Location Intelligence

    Current Use by Public Records

    Rampart Multifamily Management ... Property Management Company Michael Hebert Investigations Law Firm Insight Technologies Security Service Chasy Dupont Massage ... Alternative Medicine Practice Acadiana Profile Magazine ... Publishing House

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Dental Office Law Firm Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Lafayette
    County
    Lafayette
    State
    Louisiana
    Longitude
    -92.012851
    Latitude
    30.202826

    Nearby Similar for Lease

    • $850/Mo
      266 SF

      Lafayette Retail Space For Rent

      Ready-to-operate retail suite near future Buc-ee's location.
      551 E Pont Des Mouton Road, Lafayette, LA 70507
      View Details
    • $1,700,000 SF/Yr
      9,155 SF

      Lafayette Entertainment Venue Opportunity

      Iconic downtown Lafayette venue with dance floor, stage, and kitchen.
      417 Jefferson Street, Lafayette, LA 70501
      View Details
    • $249,900 SF/Yr
      1,261 SF

      Professional Office Suite with Parking

      Office layout includes four private offices, reception area, breakroom, and two restrooms with ample on-site parking.
      207 N Luke Street, Lafayette, LA 70506
      View Details
    • $1,200,000 SF/Yr
      18,204 SF

      Versatile Commercial Hub in Lafayette

      Adaptable commercial property with office, manufacturing, and warehouse space.
      120 Banks Avenue, Lafayette, LA 70506
      View Details
    • $250,000 SF/Yr
      4,000 SF

      Lafayette Commercial Space For Rent

      Two suites available, formerly convenience store, restaurant, and hair salon.
      2321 E Simcoe Street, Lafayette, LA 70501
      View Details
    • Contact for pricing
      2,126 SF

      Prime Commercial Space in Lafayette

      Highly visible commercial office space in a well-established shopping center.
      6772 Johnston Street, Lafayette, LA 70506
      View Details
    • Contact for pricing
      1,134 SF

      Tetracube Lofts Commercial Suite

      Open-concept commercial suite with modern, urban design in Lafayette.
      209 Highland Oaks Lane, Lafayette, LA 70508
      View Details
    • Contact for pricing
      1,329 SF

      Move-in Ready Office Suite

      Ground floor office suite in Downtown Lafayette landmark building.
      500 Johnston Street, Lafayette, LA 70501
      View Details
    • Contact for pricing
      1,094 SF

      Tetracube Lofts Commercial Suite

      Open concept commercial/office suite in Lafayette, Louisiana.
      209 Highland Oaks Lane, Lafayette, LA 70508
      View Details
    • Contact for pricing
      3,500 SF

      Lafayette Automotive Business Location

      Auto business location near Oil Center with high traffic.
      1822 W Pinhook Road, Lafayette, LA 70508
      View Details
    • $1,450/Mo
      1,833 SF

      Lafayette Commercial Office Space Available

      Commercial office space for rent in a prime Lafayette location.
      601 Guilbeau Road, Lafayette, LA 70506
      View Details
    • Contact for pricing
      2,600 SF

      Lafayette Office Space For Rent

      Second-floor office space with private entrance and updated amenities.
      202 Magnate Drive, Lafayette, LA 70508
      View Details

    FAQs

    What type of property is this?
    Office building - Modern, multi-level office space with updated kitchens and shared conference and service rooms in a full-service lease setting.
    Where is this office building located?
    The property is located at 128 Demanade Boulevard Lafayette, LA.
    What are key features of this property?
    This property features: Multi‑level office building with professional on‑site management under a full‑service lease structure; Central heating and central air conditioning; On‑site parking lot with off‑street parking, with a shared lot directly across Demanade Blvd.
    (337) 501-6457
    We can help!
    Listing Contact
    Braxton J Higginbotham
    Braxton J Higginbotham
    Real Estate License ID: 9957099385
    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

    Thank You for Inquiry
    128 Demanade Boulevard, Lafayette, LA 70503
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!