Mixed-Use Office and
1450 Surrey Street, Lafayette, LA 70501
For Sale
$1,500,000
Commercial Sale, Lafayette, LA
Property Size13,025 SF
Lot Size2.00 Acres
Price / SF$115.16
Days on Market233
Property Features for 1450 Surrey Street
General Information
Property type
Property subtype
Zoning
Parking features
Subdivision
Lot features
Directions
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Property Use
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Flooring type
Building materials
Roof type
Listing Agency:
Carter Roy Real Estate Group
(337) 465-9615
Listed By:
Shawn Carter · License #995709983
(337) 789-3037
Added: Mar 20
Changed: Nov 3
Last Checked: Nov 7 at 11:06AM
MLS# 2600002357
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.
The mixed-use property contains 13,025 square feet of office and warehouse space on a 2-acre parcel. Current tenant occupancy is 85%. Brick and metal siding, a metal roof, and concrete, tile, and carpet flooring are among the property’s existing features. Central heating and central air are provided, along with an attic fan and ceiling fans. Public water and sewer serve the site.
The property is near Lafayette airport and just off Hwy 90, between Lafayette and Broussard. Zoning is CH.
The property is near Lafayette airport and just off Hwy 90, between Lafayette and Broussard. Zoning is CH.
Key Highlights
- 13,025 square feet of combined office and warehouse space
- 2‑acre parcel
- 85% tenant occupied
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
Mixed Use
$2.15M
$1.88M – $2.51M
NOI $150,439 @ 7.0% cap · market cap 10.03%
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
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
85%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
347
Businesses Nearby
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Mixed-use properties in Lafayette County
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The property combines office and warehouse space, with most of the building currently tenant occupied.
Where is this mixed-use property 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; 2‑acre parcel; 85% tenant occupied
