Two-Story Office
1603 W Pinhook Rd Lafayette, LA 70508
For Sale
$599,000
Two-story office building with ample parking, located near the Vermillion River and zoned CH.
Property Size4,435 SF
Price / SF$135.06
Days on Market52
Property Features for 1603 W Pinhook Rd
General Information
- Standard status
- Active
- Size
- 4,435 SF
- Property subtype
- Office
Listing Agency:
Elifin Realty
(501) 513-7394
Listed By:
Mark Johns · License #995715972
(501) 513-7394
Source:
Elifinrealty
Added: Jun 2
Changed: Jul 22
Last Checked: Jul 23 at 5:27AM
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 Elifin Realty
Investment Insights
Based on property information with market context.
1603 W Pinhook Rd is a two-story office building now available for sale or lease. The property totals approximately 4,435 SF and includes ample parking for employees and visitors. The roof was replaced last year.
The building is located near the Vermillion River and is about 6 minutes from LFT. Nearby amenities include Girard Park and Bon Temps Grill.
The property is zoned CH – Commercial Heavy, supporting a range of commercial uses consistent with that classification.
The building is located near the Vermillion River and is about 6 minutes from LFT. Nearby amenities include Girard Park and Bon Temps Grill.
The property is zoned CH – Commercial Heavy, supporting a range of commercial uses consistent with that classification.
Key Highlights
- ±4,435 SF two‑story office building at 1603 W Pinhook Rd
- Zoned CH – Commercial Heavy
- Ample parking on‑site
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $79.8k | $18.00 |
| − Vacancy | −$11.0k | −$2.48 |
| EGI | $68.8k | $15.52 |
| − OpEx | −$17.2k | −$3.88 |
| NOI | $51.6k | $11.64 |
4,435 SF · lease $18.00/SF/yr · vacancy 13.80% · expense 25.00%
Alternative Uses
Best Use
Office B
$737.3K
$645.1K – $860.2K
NOI $51,610 @ 7.0% cap · market cap 8.62%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.05M
$917.5K – $1.22M
NOI $73,401 @ 7.0% cap · market cap 12.25%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
L & D Community ...
Home Health Care Service
IRQ
Tech Support Center
FAQs
What type of property is this?
Office building - Two-story office building with ample parking, located near the Vermillion River and zoned CH.
Where is this office building located?
The property is located at 1603 W Pinhook Rd Lafayette, LA.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: ±4,435 SF two‑story office building at 1603 W Pinhook Rd; Zoned CH – Commercial Heavy; Ample parking on‑site
