Flex Space with Office and
For Sale
$1,500,000
1450 Surrey Street, Lafayette, LA 70501
Commercial Sale, Lafayette, LA
Property Size13,025 SF
Lot Size2.00 Acres
Price / SF$115.16
Days on Market220
Property Features for 1450 Surrey Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
CH
Parking features
Covered, On Street
Security features
Security System
Exterior features
Loading Dock/Well, OH Door 10 - 15 Ft, Partially Fenced
Fencing
Partial
Lot features
Level
Directions
Evangeline Thwy South towards Broussard. Left on Surrey. Property is on the left.
Subdivision
H
Standard status
Active
APN
6026747
Size
13,025 SF
Lot size
2.00 Acres
Taxes and HOA fees
Tax Description
Sec 76 T9S R5E (2 AC)
Legal Description
Sec 76 T9S R5E (2 AC)
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air, Attic Fan, Ceiling Fan(s)
Water source
Public
Building Details
Flooring type
Tile, Concrete, Carpet - Full
Roof type
Metal
Listing Agency:
Carter Roy Real Estate Group
(337) 465-9615
Listed By:
Shawn P Carter · License #995709983
(337) 789-3037
Added: Mar 20
Changed: Oct 23
Last Checked: Oct 25 at 2:06AM
MLS# 2600002357
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.
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Investment Insights
Based on property information with market context.
This 13,025-square-foot flex property on 2 acres includes office and warehouse space. Improvements include a loading dock/well, an overhead door measuring 10–15 feet, and partial fencing. Flooring includes carpet, tile, and concrete; the building has central heating and central air. Public water and sewer serve the property, and parking includes covered and on-street options. Some renovations have been completed, with other areas remaining available for customization.
The site is near Lafayette Regional Airport and just off Hwy 90, with Lafayette and Broussard also nearby. Zoning is CH. Current tenant occupancy is 85%.
The site is near Lafayette Regional Airport and just off Hwy 90, with Lafayette and Broussard also nearby. Zoning is CH. Current tenant occupancy is 85%.
Key Highlights
- 13,025 square feet of combined office and warehouse space on 2 acres
- 85% tenant occupancy
- Loading dock/well and 10–15‑foot overhead door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$74,622
Cap Rate
4.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,492,440
$1.5M
Cap Rate 7%
$1,066,029
$1.1M
Cap Rate 9%
$829,133
$829.1K
Market Conditions
NOI Build-Up for 13,025 SF
Gross rent
$92.2K $7.08/SF
− Vacancy
−$4.4K −$0.34/SF
EGI
$87.8K $6.74/SF
− OpEx
−$13.2K −$1.01/SF
NOI
$74.6K $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 Rate 5%
$1,492,440
Cap Rate 7%
$1,066,029
Cap Rate 9%
$829,133
Alternative Uses
Best Use
Office B
$2.17M
$1.89M – $2.53M
NOI $151,572 @ 7.0% cap · market cap 10.10%
Second Best
Warehouse
$1.07M
$932.8K – $1.24M
NOI $74,622 @ 7.0% cap · market cap 4.97%
Theoretical Best
Office A
$3.08M
$2.69M – $3.59M
NOI $215,569 @ 7.0% cap · market cap 14.37%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
85%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
347
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 70501, LA
28,721
Population
12,657
Households
2.3
Avg Household Size
38
Median Age
16%
College-Educated
78%
High-School Grad
15.3 sq mi
ZIP Area
1,877
Density / Sq Mi
$31,723
Median Household Income
$25,281
Median Earnings
$867
Median Rent
$117,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- Audrey's Catering Services — 205 choctaw rd, lafayette, la 70501
Frequently Asked Questions
What type of property is this?
Flex space - The property combines office and warehouse areas with a loading dock, an overhead door, and partial fencing.
Where is this flex space located?
The property is located at 1450 Surrey Street Lafayette, LA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 13,025 square feet of combined office and warehouse space on 2 acres; 85% tenant occupancy; Loading dock/well and 10–15‑foot overhead door
