Three-Suite Mixed-Use
For Sale
$1,350,000
1501 W Pinhook Road, Lafayette, LA 70503
Commercial Sale, Lafayette, LA
Property Size6,178 SF
Lot Size0.97 Acres
Price / SF$218.52
Days on Market122
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
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
Additional Details
Mixed-Use Components
retail, medical office
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
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Floors in Building
1
Building materials
Brick, Frame
Roof type
Metal
Buildings
1
Listing Agency:
Scout Real Estate Co.
(337) 443-0880
Listed By:
Wesley Hebert · License #995681629
(337) 258-5062
Added: Jun 24
Changed: Oct 23
Last Checked: Oct 23 at 2:06PM
MLS# 2600005705
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.
Built in 2020, this 6,178-square-foot mixed-use property contains three suites on a 0.97-acre site. Suite 100 offers 1,805 square feet of end-cap retail space with a drive-through window. The 1,305-square-foot Suite 101 is a gray shell with HVAC, electrical service, and restroom stub-outs. Suite 102 comprises 3,068 square feet of previously unoccupied medical office space, including six exam rooms, a lined X-ray room, a secure prescription room, laboratory, checkout station, kitchen, and restrooms. Zoning is commercial.
The property fronts W. Pinhook Road, with the Pointe at Pinhook student housing community behind it and the DoubleTree by Hilton next door. The site sees approximately 25,000 vehicles per day and is less than two miles from Highway 90 and approximately five miles from Interstate 10. The University of Louisiana at Lafayette is minutes away.
The property fronts W. Pinhook Road, with the Pointe at Pinhook student housing community behind it and the DoubleTree by Hilton next door. The site sees approximately 25,000 vehicles per day and is less than two miles from Highway 90 and approximately five miles from Interstate 10. The University of Louisiana at Lafayette is minutes away.
Key Highlights
- Three suites total +/-6,178 SF on a 0.97‑acre site
- Suite 102 is +/-3,068 SF of built‑out medical office space with six exam rooms and a lined X‑ray room
- Suite 100 offers +/-1,805 SF of end‑cap retail with a drive‑thru window
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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Current Use
Lease Details
25,000 VPD
Traffic count
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,124
Businesses Nearby
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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?
Mixed-use property - Separate spaces include a drive-through retail suite, a customizable shell, and a fully equipped medical office.
Where is this mixed-use property located?
The property is located at 1501 W Pinhook Road Lafayette, LA.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Three suites total +/-6,178 SF on a 0.97‑acre site; Suite 102 is +/-3,068 SF of built‑out medical office space with six exam rooms and a lined X‑ray room; Suite 100 offers +/-1,805 SF of end‑cap retail with a drive‑thru window
