Two-Story Office
For Sale
$599,000
1603 W Pinhook Rd, Lafayette, LA 70508
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 Market144
Property Features for 1603 W Pinhook Rd
General Information
Standard status
Active
Size
4,435 SF
Class
B
Property subtype
Office
Zoning
CH
Amenities
ample parking
Building Details
Building Size
4,435 SF
Stories
2
Listing Agency:
Elifin Realty
Listed By:
Mark Johns · License #995715972
(501) 513-7394
Source:
Elifinrealty
Added: Jun 2
Changed: Oct 3
Last Checked: Oct 20 at 6:21PM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$51,610
Cap Rate
8.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,032,200
$1.0M
Cap Rate 7%
$737,286
$737.3K
Cap Rate 9%
$573,444
$573.4K
Market Conditions
NOI Build-Up for 4,435 SF
Gross rent
$79.8K $18.00/SF
− Vacancy
−$11.0K −$2.48/SF
EGI
$68.8K $15.52/SF
− OpEx
−$17.2K −$3.88/SF
NOI
$51.6K $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%
$1,032,200
Cap Rate 7%
$737,286
Cap Rate 9%
$573,444
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 authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,772
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 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
