Medical Office with
For Sale
$3,650,000
1324 Ambassador Caffery Parkway, Lafayette, LA 70506
Commercial Sale, Lafayette, LA
Property Size9,092 SF
Lot Size1.20 Acres
Price / SF$401.45
Days on Market23
Property Features for 1324 Ambassador Caffery Parkway
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
CH
Bathrooms
5
Full bathrooms
5
Rooms
Bathroom 1, Bathroom 4, Bathroom 2, Bathroom 3, Bathroom 5
Parking features
Parking Lot
Directions
Ambassador Caffery past Eraste Landry Rd. headed towards I-10, on the left.
Subdivision
G3
Standard status
Active
APN
6108964
Size
9,092 SF
Lot size
1.20 Acres
Additional Details
Property Use
Medical Office
Condition
Turnkey
Taxes and HOA fees
Tax Description
LOT 1 SEC 33 T9S R4E (1.204 AC)(1999-47555 PLAT)
Tax Annual Amount
9726
Legal Description
LOT 1 SEC 33 T9S R4E (1.204 AC)(1999-47555 PLAT)
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Floors in Building
1
Building materials
Brick, Metal Siding
Roof type
Metal
Listing Agency:
Keaty Real Estate Team
(337) 235-7770
Listed By:
Jace Harrington · License #0995699723
(337) 658-5701
Added: Oct 2
Changed: Oct 23
Last Checked: Oct 24 at 9:06AM
MLS# 2600009298
Copyright © 2026 ROAM MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This renovated medical office property contains approximately 9,092 square feet on a 1.2-acre site. Its interior includes 9 private offices, 2 exam rooms and 2 lab rooms, each with sinks, plus an X-ray room, nurses’ station, counseling and conference rooms, reception and waiting areas, file storage, and 5 restrooms. Additional spaces include a salon, spa room, IV room, youth center, game room, chapel, gym, break room, and administrative areas. Furniture, fixtures, equipment, and TVs are included in the sale.
Building systems and security features include a newer metal roof, newer HVAC, a whole-building generator, CCTV, and controlled access. The property has central heating and air conditioning, a parking lot, public water, and public sewer. CH zoning is reported for the site.
Building systems and security features include a newer metal roof, newer HVAC, a whole-building generator, CCTV, and controlled access. The property has central heating and air conditioning, a parking lot, public water, and public sewer. CH zoning is reported for the site.
Key Highlights
- Approximately 9,092 SF of renovated medical office space
- 1.2‑acre site with CH zoning
- 9 private offices, 2 exam rooms, and 2 lab rooms, with sinks in the exam and lab rooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$105,804
Cap Rate
2.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,116,080
$2.1M
Cap Rate 7%
$1,511,486
$1.5M
Cap Rate 9%
$1,175,600
$1.2M
Market Conditions
NOI Build-Up for 9,092 SF
Gross rent
$163.7K $18.00/SF
− Vacancy
−$22.6K −$2.48/SF
EGI
$141.1K $15.52/SF
− OpEx
−$35.3K −$3.88/SF
NOI
$105.8K $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%
$2,116,080
Cap Rate 7%
$1,511,486
Cap Rate 9%
$1,175,600
Alternative Uses
Best Use
Office B
$1.51M
$1.32M – $1.76M
NOI $105,804 @ 7.0% cap · market cap 2.90%
Second Best
Healthcare Medical
$1.47M
$1.29M – $1.72M
NOI $103,103 @ 7.0% cap · market cap 2.82%
Theoretical Best
Office A
$2.15M
$1.88M – $2.51M
NOI $150,476 @ 7.0% cap · market cap 4.12%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
303
Businesses Nearby
Under-served
Demand for This Use
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Medical Office Space - Renovated facility with included furnishings and equipment, central HVAC, and controlled entry.
Where is this medical office space located?
The property is located at 1324 Ambassador Caffery Parkway Lafayette, LA.
What is the asking price?
The asking price for this property is $3,650,000.
What are key features of this property?
This property features: Approximately 9,092 SF of renovated medical office space; 1.2‑acre site with CH zoning; 9 private offices, 2 exam rooms, and 2 lab rooms, with sinks in the exam and lab rooms
