Drive-Thru End-Cap Retail Medical
For Sale
$1,350,000
1501 W Pinhook Rd, Lafayette, LA 70503
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$218.52
Days on Market92
Property Features for 1501 W Pinhook Rd
General Information
Standard status
Active
Size
6,178 SF
Site & Location
Traffic Count
25,000 vehicles/day
Highway Access
Yes
Building Details
Year Built
2020
Tenancy
Multi
Listing Agency:
Scout Real Estate Co.
Listed By:
Wesley H Hebert · License #995681629
(337) 735-9300
Source:
Athomerealtyla
Added: Jul 21
Changed: Oct 7
Last Checked: Oct 7 at 1:10PM
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.
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Investment Insights
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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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$74,925
Cap Rate
5.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,498,500
$1.5M
Cap Rate 7%
$1,070,357
$1.1M
Cap Rate 9%
$832,500
$832.5K
Market Conditions
NOI Build-Up for 6,178 SF
Gross rent
$116.4K $18.84/SF
− Vacancy
−$9.4K −$1.51/SF
EGI
$107.0K $17.33/SF
− OpEx
−$32.1K −$5.20/SF
NOI
$74.9K $12.13/SF
Area
Lafayette, LA
Vacancy
8.04%
Lease Rate
$18.84 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,498,500
Cap Rate 7%
$1,070,357
Cap Rate 9%
$832,500
Alternative Uses
Best Use
Retail
$1.07M
$936.6K – $1.25M
NOI $74,925 @ 7.0% cap · market cap 5.55%
Second Best
Office B
$1.03M
$898.7K – $1.20M
NOI $71,893 @ 7.0% cap · market cap 5.33%
Theoretical Best
Office A
$1.46M
$1.28M – $1.70M
NOI $102,248 @ 7.0% cap · market cap 7.57%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
25,000 VPD
Traffic count
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
410
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 70503, LA
27,497
Population
13,052
Households
2.1
Avg Household Size
38
Median Age
55%
College-Educated
96%
High-School Grad
11.3 sq mi
ZIP Area
2,433
Density / Sq Mi
$94,360
Median Household Income
$54,170
Median Earnings
$1,087
Median Rent
$326,800
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
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 Rd Lafayette, LA.
What is the asking price?
The asking price for this property is $1,350,000.
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
