Office and Industrial Flex
1416 S Hugh Wallis Road Lafayette, LA 70508
For Sale
$1,050,000
COMMERCIAL - Lafayette, LA
Property Size7,350 SF
Lot Size0.68 Acres
Price / SF$142.86
Days on Market165
Property Features for 1416 S Hugh Wallis Road
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- IL
- Parking
- 20
- Parking features
- Off Street
- Security features
- Security System
- Exterior features
- OH Door 10 - 15 Ft, OH Door 16 - 20 Ft, Partially Fenced, Stabilized Yard Base
- Fencing
- Partial
- Standard status
- Active
- APN
- 6115203
- Size
- 7,350 SF
- Lot size
- 0.68 Acres
Taxes and HOA fees
- Tax Description
- Lot 1 Enterprise Park (0.678 ac)
Utilities
- Heating system
- Electric (Heating), Zoned, Central
- Cooling system
- Zoned, Central Air
- Water source
- Public
Building Details
- Floors in Building
- 2
- Flooring type
- Concrete, Tile - Ceramic, Tile
- Building materials
- Stucco
- Roof type
- Metal
Listing Agency:
Arceneaux Real Estate, LLC
(337) 322-8300
Listed By:
Paul Arceneaux · License #995719154
(337) 322-8300
Added: Feb 10
Changed: Jul 25
Last Checked: Jul 25 at 10:06PM
MLS# 2600000774
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.
Investment Insights
Based on property information with market context.
Well-maintained office and industrial facility featuring a two-story building with approximately 4,650 square feet of office space and 2,700 square feet of climate-controlled shop space. The office includes 20 private offices, a large conference room, two restrooms, a kitchen/break area, a laboratory room, and a dedicated server room.
The shop component has two climate-controlled bays, each with a roll-up overhead door. One bay includes a 5-ton overhead bridge crane and a blacklight inspection room, while the second bay includes a third restroom and extensive heavy-duty storage racking. Additional security and storm protection are provided by locking storm shutters.
Situated on a 0.68-acre lot with access to the U.S. Highway 90 corridor and the airport, this property is positioned for a range of office, industrial, research, or service-related uses.
The shop component has two climate-controlled bays, each with a roll-up overhead door. One bay includes a 5-ton overhead bridge crane and a blacklight inspection room, while the second bay includes a third restroom and extensive heavy-duty storage racking. Additional security and storm protection are provided by locking storm shutters.
Situated on a 0.68-acre lot with access to the U.S. Highway 90 corridor and the airport, this property is positioned for a range of office, industrial, research, or service-related uses.
Key Highlights
- 2‑story, 7,350 SF facility with ~4,650 SF office space and ~2,700 SF climate‑controlled shop space
- Office includes 20 private offices, large conference room, two restrooms, kitchen/break room, laboratory room, and dedicated server room
- Shop has 2 climate‑controlled bays with roll‑up overhead doors; one includes a 5‑ton overhead bridge crane and blacklight inspection room
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $132.3k | $18.00 |
| − Vacancy | −$18.3k | −$2.48 |
| EGI | $114.0k | $15.52 |
| − OpEx | −$28.5k | −$3.88 |
| NOI | $85.5k | $11.64 |
7,350 SF · lease $18.00/SF/yr · vacancy 13.80% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.22M
$1.07M – $1.43M
NOI $85,532 @ 7.0% cap · market cap 8.15%
Second Best
Warehouse
$601.6K
$526.4K – $701.8K
NOI $42,109 @ 7.0% cap · market cap 4.01%
Theoretical Best
Office A
$1.74M
$1.52M – $2.03M
NOI $121,645 @ 7.0% cap · market cap 11.59%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Howard & Associates International, ...
Engineering Consultant
FAQs
What type of property is this?
Flex space - Two-story facility includes private offices, conference and lab rooms, plus climate-controlled shop bays with roll-up doors.
Where is this flex space located?
The property is located at 1416 S Hugh Wallis Road Lafayette, LA.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: 2‑story, 7,350 SF facility with ~4,650 SF office space and ~2,700 SF climate‑controlled shop space; Office includes 20 private offices, large conference room, two restrooms, kitchen/break room, laboratory room, and dedicated server room; Shop has 2 climate‑controlled bays with roll‑up overhead doors; one includes a 5‑ton overhead bridge crane and blacklight inspection room
