Drive-Thru End-Cap Retail Medical
1501 W Pinhook Road Lafayette, LA 70503
1501 W Pinhook Road, Lafayette, LA, 70503
$1,500,000
For Sale
$1,500,000
Built in 2020 with three suites, including an end-cap retail space with drive-thru window and a fully built medical office.
Property Size6,178 SF
Price / SF$242.80
Days on Market29
Property Features for 1501 W Pinhook Road
General Information
- Standard status
- Active
- Size
- 6,178 SF
Listing agency
Scout Real Estate Co.
(337) 258-5062
Listed by
Wesley H Hebert · License #995681629
(337) 258-5062
Source
Exprealty
Added: Jun 24 Updated: Jul 22 at 6:53AM Checked: Jul 22 at 6:53AM
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 Scout Real Estate Co.
Investment Insights
Based on property information with market context.
Built in 2020, this newer multi-tenant commercial building offers flexible space with three distinct suites. Suite 100 is an end-cap retail space with a drive-thru window. Suite 101 is a warm gray shell space with HVAC, electrical service, and restroom stub-outs already in place. Suite 102 is never-occupied and fully built-out as a medical office, featuring six patient exam rooms, a lined X-ray room, a secure RX room, laboratory, employee and drug testing restrooms, a kitchen, a checkout station, a children’s play area, and two public restrooms.
The property is positioned along one of Lafayette’s highest trafficked corridors, W. Pinhook Road, with approximately 25,000 vehicles per day and strong visibility. The Pointe at Pinhook student housing community (approximately 585 beds) is directly behind the building, and the DoubleTree by Hilton is immediately next door. The location is just minutes from the University of Louisiana at Lafayette, less than two miles from Highway 90, and approximately five miles from Interstate 10, supporting convenient access for customers, employees, and visitors.
Ownership strategies include full owner occupancy, partial owner occupancy with supplemental rental income, and a traditional multi-tenant approach.
The property is positioned along one of Lafayette’s highest trafficked corridors, W. Pinhook Road, with approximately 25,000 vehicles per day and strong visibility. The Pointe at Pinhook student housing community (approximately 585 beds) is directly behind the building, and the DoubleTree by Hilton is immediately next door. The location is just minutes from the University of Louisiana at Lafayette, less than two miles from Highway 90, and approximately five miles from Interstate 10, supporting convenient access for customers, employees, and visitors.
Ownership strategies include full owner occupancy, partial owner occupancy with supplemental rental income, and a traditional multi-tenant approach.
Key Highlights
- Built in 2020: +/−6,178 SF multi‑tenant commercial building on W. Pinhook Road
- Three suites total: Suite 100 (+/−1,805 SF) end‑cap retail with a drive‑thru window
- Suite 101 (+/−305 SF) warm gray shell with HVAC, electrical service, and restroom stub‑outs
Local Financial Insights For Retail
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 | $116.4k | $18.84 |
| − Vacancy | −$9.4k | −$1.51 |
| EGI | $107.0k | $17.33 |
| − OpEx | −$32.1k | −$5.20 |
| NOI | $74.9k | $12.13 |
6,178 SF · lease $18.84/SF/yr · vacancy 8.04% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.07M
$936.6K – $1.25M
NOI $74,925 @ 7.0% cap · market cap 5.00%
Second Best
Office B
$1.03M
$898.7K – $1.20M
NOI $71,893 @ 7.0% cap · market cap 4.79%
Theoretical Best
Office A
$1.46M
$1.28M – $1.70M
NOI $102,248 @ 7.0% cap · market cap 6.82%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Andrew Patrick Hebert
Physician
PJ's Coffee
Cafe & Coffee Shop
Dr. Jeremy Knott
Pediatrician
Similar For Sale Nearby
FAQs
What type of property is this?
Medical Office Space - Built in 2020 with three suites, including an end-cap retail space with drive-thru window and a fully built medical office.
Where is this medical office space located?
The property is located at 1501 W Pinhook Road 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: Built in 2020: +/−6,178 SF multi‑tenant commercial building on W. Pinhook Road; Three suites total: Suite 100 (+/−1,805 SF) end‑cap retail with a drive‑thru window; Suite 101 (+/−305 SF) warm gray shell with HVAC, electrical service, and restroom stub‑outs
