Camellia Blvd Office
For Sale
Contact for pricing
1600 Camellia Blvd, Lafayette, LA 70508
Office suites for lease or purchase on Camellia Blvd.
Property Size2,370 SF
Price / SF$0.22
Days on Market903
Property Features for 1600 Camellia Blvd
General Information
Standard status
Active
Size
2,370 SF
Property subtype
Office
Zoning
CM-1
Amenities
Water
Sewer
Building Details
Year Built
2023
Listing Agency:
Scout Real Estate Co.
Listed By:
Diana Stephens
(225) 235-5755
Source:
Lacdb.resimplifi
Added: May 3, 2024
Changed: Oct 2
Last Checked: Oct 20 at 5:14PM
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
Based on property information with market context.
Located in Camellia Ponds Office Park, currently under construction along Camellia Blvd, between Kaliste Saloom Rd and Verot School Rd, this property offers opportunities to lease or purchase private suites ranging from 1,810 to 4,180 square feet. The location provides high-exposure street frontage on Camellia Blvd, situated near the new Rouse's, Chimes Restaurant, River Ranch, Our Lady of Lourdes Hospital, Top Golf, Dave & Buster's, and Costco. This is a stand-alone building with convenient drive-up parking. It is suitable for medical and professional office use, offering flexible floor plans to suit various needs. There is an opportunity to customize office finishes with the owner’s approval. Delivery is estimated to be approximately 6 months from purchase or lease execution.
Key Highlights
- Prime location on Camellia Blvd with high visibility and proximity to Rouse's, Chimes Restaurant, River Ranch, Our Lady of Lourdes Hospital, Top Golf, Dave & Buster's, and Costco.
- Opportunity to lease or purchase private suites ranging from 1,810‑4,180 SF.
- Stand‑alone building with convenient drive‑up parking.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,876
Suggested Prices Based on Cap Rates
Cap Rate 5%
$537,520
$537.5K
Cap Rate 7%
$383,943
$383.9K
Cap Rate 9%
$298,622
$298.6K
Market Conditions
NOI Build-Up for 2,370 SF
Gross rent
$49.8K $21.00/SF
− Vacancy
−$5.0K −$2.10/SF
EGI
$44.8K $18.90/SF
− OpEx
−$17.9K −$7.56/SF
NOI
$26.9K $11.34/SF
Area
Lafayette, LA
Vacancy
10.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$537,520
Cap Rate 7%
$383,943
Cap Rate 9%
$298,622
Alternative Uses
Best Use
Office B
$394.0K
$344.8K – $459.7K
NOI $27,580 @ 7.0% cap · market cap 5,253.33%
Second Best
Healthcare Medical
$383.9K
$336.0K – $447.9K
NOI $26,876 @ 7.0% cap · market cap 5,119.24%
Theoretical Best
Office A
$560.3K
$490.3K – $653.7K
NOI $39,224 @ 7.0% cap · market cap 7,471.24%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
726
Businesses Nearby
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Business Placement
Demographics for 70508, LA
40,343
Population
18,677
Households
2.2
Avg Household Size
38
Median Age
47%
College-Educated
94%
High-School Grad
24.3 sq mi
ZIP Area
1,660
Density / Sq Mi
$88,017
Median Household Income
$51,614
Median Earnings
$1,244
Median Rent
$299,200
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Office suites for lease or purchase on Camellia Blvd.
Where is this office unit located?
The property is located at 1600 Camellia Blvd Lafayette, LA.
What are key features of this property?
This property features: Prime location on Camellia Blvd with high visibility and proximity to Rouse's, Chimes Restaurant, River Ranch, Our Lady of Lourdes Hospital, Top Golf, Dave & Buster's, and Costco.; Opportunity to lease or purchase private suites ranging from 1,810‑4,180 SF.; Stand‑alone building with convenient drive‑up parking.
