Multi-Tenant Commercial Building with
For Sale
$1,500,000
1501 W Pinhook Road, Lafayette, LA 70503
COMMERCIAL - Lafayette, LA
Property Size6,178 SF
Lot Size0.97 Acres
Price / SF$242.80
Days on Market47
Property Features for 1501 W Pinhook Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
COMMERCIAL
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1
Parking features
Parking Lot, Off Street
Exterior features
Door Sign, Partially Fenced
Fencing
Partial
Directions
Heading North on Kaliste Saloom, turn Left onto Pinhook. Cross Vermilion River bridge; building on Right.
Subdivision
G2
Standard status
Active
APN
6181509
Size
6,178 SF
Lot size
0.97 Acres
Taxes and HOA fees
Tax Description
PARCEL A SEC 47 T10S R4E (0.974 AC) (2024-15673 PLAT)
Legal Description
PARCEL A SEC 47 T10S R4E (0.974 AC) (2024-15673 PLAT)
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Floors in Building
1
Roof type
Metal
Listing Agency:
Scout Real Estate Co.
(337) 443-0880
Listed By:
Wesley H Hebert · License #995681629
(337) 258-5062
Added: Jun 24
Changed: Aug 4
Last Checked: Aug 9 at 11:06AM
MLS# 2600005705
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.
Built in 2020, this multi-tenant commercial building includes three distinct suites and totals approximately 6,178 SF. Suite 100 is an end-cap retail space featuring a drive-thru window. Suite 101 is a warm gray shell with HVAC, electrical service, and restroom stub-outs already in place. Suite 102 is never-occupied and fully built-out as a medical office, with six patient exam rooms plus a lined X-ray room, secure RX room, laboratory, employee restroom, drug testing restroom, kitchen, checkout station, children’s play area, and two public restrooms.
The property is located along W. Pinhook Road, an area supported by approximately 25,000 vehicles per day and strong visibility. Behind the building is The Pointe at Pinhook student housing community (approximately 585 beds), and the DoubleTree by Hilton is immediately next door.
The building sits less than two miles from Highway 90 and approximately five miles from Interstate 10, supporting convenient access for customers, employees, and traveling clientele. Zoning is listed as COMMERCIAL.
The property is located along W. Pinhook Road, an area supported by approximately 25,000 vehicles per day and strong visibility. Behind the building is The Pointe at Pinhook student housing community (approximately 585 beds), and the DoubleTree by Hilton is immediately next door.
The building sits less than two miles from Highway 90 and approximately five miles from Interstate 10, supporting convenient access for customers, employees, and traveling clientele. Zoning is listed as COMMERCIAL.
Key Highlights
- Built in 2020, +/-6,178 SF multi‑tenant commercial building on W. Pinhook Road with three distinct suites
- Suite 100: +/-1,805 SF end‑cap retail with drive‑thru window
- Suite 101: +/-1,305 SF warm gray shell with central HVAC, electrical service, and restroom stub‑outs
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$74,925
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.00%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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 5.00%
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 authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Office units
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,747
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Cafe Bella — 301 Heymann Blvd, Lafayette, LA 70503
- Firehouse Subs Kaliste Saloom — 104 E Kaliste Saloom Rd #109, Lafayette, LA 70508
Frequently Asked Questions
What type of property is this?
Flex space - Newer 3-suite building built in 2020 with an end-cap suite featuring a drive-thru window.
Where is this flex 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 with three distinct suites; Suite 100: +/-1,805 SF end‑cap retail with drive‑thru window; Suite 101: +/-1,305 SF warm gray shell with central HVAC, electrical service, and restroom stub‑outs
