Commercial Building on Ambassador
For Sale
$950,000
1324 Ambassador Caffery Pkwy, Lafayette, LA 70506
9,084 SF building on 1.2 acres, high-traffic location.
Property Size9,084 SF
Price / SF$104.58
Days on Market283
Property Features for 1324 Ambassador Caffery Pkwy
General Information
Standard status
Active
Size
9,084 SF
Property subtype
Retail
Building Details
Building Size
9,084 SF
Listing Agency:
NAI Rampart Commercial Real Estate Lafayette
(337) 258-2301
Listed By:
Flo Meadows, CCIM, CPA
(337) 258-2301
Source:
Naiglobal
Added: Nov 21, 2025
Changed: Aug 26
Last Checked: Aug 30 at 2:19PM
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 NAI Rampart Commercial Real Estate Lafayette
Investment Insights
Based on property information with market context.
A commercial building offering approximately 9,084 square feet of space is available for purchase. The standalone building is situated on approximately 1.2 acres. Located on Ambassador Caffery Parkway, the property benefits from high traffic volume, with approximately 26,000 vehicles per day. Its location offers convenient access to Interstate 10. A portion of the property could be converted to warehouse space for inventory.
Key Highlights
- High traffic Ambassador Caffery location with approximately 26,000 vehicles per day.
- Standalone building on ±1.2 acres.
- ±9,084 SF commercial building available.
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
$52,043
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
5.48%
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%
$1,040,860
$1.0M
Cap Rate 7%
$743,471
$743.5K
Cap Rate 9%
$578,256
$578.3K
Market Conditions
NOI Build-Up for 9,084 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
$64.3K $7.08/SF
− Vacancy
−$3.1K −$0.34/SF
EGI
$61.2K $6.74/SF
− OpEx
−$9.2K −$1.01/SF
NOI
$52.0K $5.73/SF
Area
Lafayette, LA
Vacancy
4.80%
Lease Rate
$7.08 /SF/Yr
Expense Ratio
15.00%
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%
$1,040,860
Cap Rate 7%
$743,471
Cap Rate 9%
$578,256
Alternative Uses
Best Use
Retail
$1.57M
$1.38M – $1.84M
NOI $110,168 @ 7.0% cap · market cap 11.60%
Second Best
Warehouse
$743.5K
$650.5K – $867.4K
NOI $52,043 @ 7.0% cap · market cap 5.48%
Theoretical Best
Office A
$2.15M
$1.88M – $2.51M
NOI $150,344 @ 7.0% cap · market cap 15.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
303
Businesses Nearby
Explore this area
Business Placement
Demographics for 70506, LA
39,801
Population
20,296
Households
2
Avg Household Size
36
Median Age
37%
College-Educated
91%
High-School Grad
20.8 sq mi
ZIP Area
1,914
Density / Sq Mi
$55,553
Median Household Income
$38,764
Median Earnings
$1,024
Median Rent
$215,700
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - 9,084 SF building on 1.2 acres, high-traffic location.
Where is this retail space located?
The property is located at 1324 Ambassador Caffery Pkwy Lafayette, LA.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: High traffic Ambassador Caffery location with approximately 26,000 vehicles per day.; Standalone building on ±1.2 acres.; ±9,084 SF commercial building available.
