Corner Office
For Sale
Contact for pricing
905 Jefferson Street, Lafayette, LA 70501
Two connected offices offer a windowed corner layout at a downtown Lafayette address.
Property Size553 SF
Price / SF$2.26
Days on Market783
Property Features for 905 Jefferson Street
General Information
Standard status
Active
Size
553 SF
Additional Details
Property Use
Office
Building Details
Abandoned
No
Listing Agency:
Keaty Real Estate Team
(337) 235-7770
Listed By:
Tyler Albrecht · License #0995697749
(337) 780-9698
Source:
Exprealty
Added: Sep 12, 2024
Changed: Nov 1
Last Checked: Nov 3 at 8:06AM
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 Keaty Real Estate Team
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Suite 505 is a 553-square-foot office unit at 905 Jefferson Street in Lafayette. Its corner position includes windows, and the layout connects a larger office to a smaller rear office; access to the latter is through the larger room.
The property is identified as Rock 'n Bowl and is located in downtown Lafayette.
The property is identified as Rock 'n Bowl and is located in downtown Lafayette.
Key Highlights
- 553 SF office suite
- Corner position with windows
- Two‑office layout, with access to the rear office through the larger room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$6,435
Suggested Prices Based on Cap Rates
Cap Rate 5%
$128,700
$128.7K
Cap Rate 7%
$91,929
$91.9K
Cap Rate 9%
$71,500
$71.5K
Market Conditions
NOI Build-Up for 553 SF
Gross rent
$10.0K $18.00/SF
− Vacancy
−$1.4K −$2.48/SF
EGI
$8.6K $15.52/SF
− OpEx
−$2.1K −$3.88/SF
NOI
$6.4K $11.64/SF
Area
Lafayette, LA
Vacancy
13.80%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$128,700
Cap Rate 7%
$91,929
Cap Rate 9%
$71,500
Alternative Uses
Best Use
Office B
$91.9K
$80.4K – $107.3K
NOI $6,435 @ 7.0% cap · market cap 514.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$130.7K
$114.4K – $152.5K
NOI $9,152 @ 7.0% cap · market cap 732.16%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,299
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
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Two connected offices offer a windowed corner layout at a downtown Lafayette address.
Where is this office unit located?
The property is located at 905 Jefferson Street Lafayette, LA.
What are key features of this property?
This property features: 553 SF office suite; Corner position with windows; Two‑office layout, with access to the rear office through the larger room
