Flex Office and Warehouse
1450 Surrey Street Lafayette, LA 70501
For Sale
$1,500,000
COMMERCIAL - Lafayette, LA
Property Size13,025 SF
Lot Size2.00 Acres
Price / SF$115.16
Days on Market129
Property Features for 1450 Surrey Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- CH
- Parking features
- On Street, Covered
- Security features
- Security System
- Exterior features
- Loading Dock/Well, OH Door 10 - 15 Ft, Partially Fenced
- Fencing
- Partial
- 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)
Utilities
- Heating system
- Central
- Cooling system
- Central Air, Attic Fan, Ceiling Fan(s)
- Water source
- Public
Building Details
- Flooring type
- Concrete, Tile, 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: Jul 25
Last Checked: Jul 26 at 12:06AM
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.
Investment Insights
Based on property information with market context.
This flex-style commercial property offers combined office and warehouse space totaling 13,025 square feet across multiple areas. The building is currently 85% tenant occupied, providing an income stream from day one. Some renovations have already been completed, while other areas can be adapted as needed.
Located at 1450 Surrey Street in Lafayette, LA, the property is positioned near the Lafayette airport and close to Lafayette and Broussard. It sits just off Hwy 90 and is set on approximately 2 acres, supporting a flexible commercial layout within a CH zoning designation.
As a multi-area office and warehouse offering, the property is suitable for an owner looking to maintain ongoing occupancy while continuing to refine unused or partially updated spaces.
Located at 1450 Surrey Street in Lafayette, LA, the property is positioned near the Lafayette airport and close to Lafayette and Broussard. It sits just off Hwy 90 and is set on approximately 2 acres, supporting a flexible commercial layout within a CH zoning designation.
As a multi-area office and warehouse offering, the property is suitable for an owner looking to maintain ongoing occupancy while continuing to refine unused or partially updated spaces.
Key Highlights
- Over 13,000 SF of combined office and warehouse space
- 85% tenant occupied for income from day 1
- Public water; metal roof
Financial Insights For Warehouse
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 | $92.2k | $7.08 |
| − Vacancy | −$4.4k | −$0.34 |
| EGI | $87.8k | $6.74 |
| − OpEx | −$13.2k | −$1.01 |
| NOI | $74.6k | $5.73 |
13,025 SF · lease $7.08/SF/yr · vacancy 4.80% · expense 15.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Similar Off Market Nearby
- Audrey's Catering Services — 205 choctaw rd, lafayette, la 70501
FAQs
What type of property is this?
Flex space - Combined office and warehouse space with 85% occupancy, with some renovations completed and additional areas available for customization.
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: Over 13,000 SF of combined office and warehouse space; 85% tenant occupied for income from day 1; Public water; metal roof
