Medical and Professional
For Sale
Contact for pricing
134 JOMELA DR, Lafayette, LA 70503
Purpose-built medical/professional office features reception, break room, private rooms, and a rear gym area.
Property Size3,400 SF
Lot Size0.53 Acres
Price / SF$176.47
Days on Market114
Property Features for 134 JOMELA DR
General Information
Standard status
Active
Size
3,400 SF
Lot size
0.53 Acres
Property subtype
Office
Zoning
MN-1
Additional Details
Highway Access
Yes
Amenities
reception area
study
guest bathrooms
break room with built-in sauna
gym area
private rooms
Building Details
Year Built
1860
Units
1
Listing Agency:
Beacon Realty, LLC
Listed By:
Burton Richard · License #995700828
Source:
Crexi
Added: May 11
Changed: Aug 14
Last Checked: Aug 31 at 8:03AM
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 Beacon Realty, LLC
Investment Insights
Based on property information with market context.
This purpose-built medical and professional office totals approximately 3,400 square feet and sits on a 0.53-acre lot. The interior is arranged for professional use with a reception area, study, two guest bathrooms, and a break room with a built-in sauna. The layout also includes a large rear gym area and eight private rooms in a clean rectangular configuration, supporting office or treatment space needs.
The property is located about 0.3 miles from W Pinhook Rd and about 1.8 miles from US-90. It is near Ochsner Lafayette General Medical Center and the Oil Center district, in an area with active new developments.
Available for sale and lease, the building was originally constructed for physical therapy and medical office use and is designed to accommodate a range of professional office and care-oriented workflows.
The property is located about 0.3 miles from W Pinhook Rd and about 1.8 miles from US-90. It is near Ochsner Lafayette General Medical Center and the Oil Center district, in an area with active new developments.
Available for sale and lease, the building was originally constructed for physical therapy and medical office use and is designed to accommodate a range of professional office and care-oriented workflows.
Key Highlights
- 3,400 SF purpose‑built medical/professional office at 134 Jomela Dr
- Built in 1860 on a 0.53‑acre lot with a clean rectangular layout
- Reception area plus study and break room with built‑in sauna
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
$39,566
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
6.59%
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%
$791,320
$791.3K
Cap Rate 7%
$565,229
$565.2K
Cap Rate 9%
$439,622
$439.6K
Market Conditions
NOI Build-Up for 3,400 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
$61.2K $18.00/SF
− Vacancy
−$8.4K −$2.48/SF
EGI
$52.8K $15.52/SF
− OpEx
−$13.2K −$3.88/SF
NOI
$39.6K $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 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%
$791,320
Cap Rate 7%
$565,229
Cap Rate 9%
$439,622
Alternative Uses
Best Use
Office B
$565.2K
$494.6K – $659.4K
NOI $39,566 @ 7.0% cap · market cap 6.59%
Second Best
Healthcare Medical
$550.8K
$482.0K – $642.6K
NOI $38,556 @ 7.0% cap · market cap 6.43%
Theoretical Best
Office A
$803.9K
$703.4K – $937.9K
NOI $56,271 @ 7.0% cap · market cap 9.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,124
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 70503, LA
27,497
Population
13,052
Households
2.1
Avg Household Size
38
Median Age
55%
College-Educated
96%
High-School Grad
11.3 sq mi
ZIP Area
2,433
Density / Sq Mi
$94,360
Median Household Income
$54,170
Median Earnings
$1,087
Median Rent
$326,800
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Purpose-built medical/professional office features reception, break room, private rooms, and a rear gym area.
Where is this medical office space located?
The property is located at 134 JOMELA DR Lafayette, LA.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: 3,400 SF purpose‑built medical/professional office at 134 Jomela Dr; Built in 1860 on a 0.53‑acre lot with a clean rectangular layout; Reception area plus study and break room with built‑in sauna
