Two-Story Professional Office
For Sale
$2,200,000
1605 W Pinhook Rd, Lafayette, LA 70501
Two-story office building with atrium and ample parking access for a convenient corporate workplace.
Property Size13,362 SF
Price / SF$164.65
Days on Market309
Property Features for 1605 W Pinhook Rd
General Information
Standard status
Active
Size
13,362 SF
Building Details
Stories
2
Listing Agency:
Scout Real Estate Co.
(337) 257-5380
Listed By:
Jeff Landry · License #BROK.995682229-ACT
(337) 257-5380
Source:
Exprealty
Added: Oct 21, 2025
Changed: Aug 20
Last Checked: Aug 24 at 1:52PM
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.
Investment Insights
Based on property information with market context.
This two-story professional office building offers a prominent atrium, multiple private offices, and generous cubicle workspace. The layout is designed to support a mix of individual and team-focused work areas within a single building.
The property is located on W Pinhook Rd and provides ample parking. Parking access is available from both W. Pinhook and La Rue France, supporting convenient arrival for employees and visitors.
For buyers seeking an established office environment, the combination of private office rooms, cubicle space, and a central atrium can support a range of professional and corporate uses. Its straightforward parking access from two directions is also a practical fit for day-to-day operations and client visits along Lafayette’s business corridor.
The property is located on W Pinhook Rd and provides ample parking. Parking access is available from both W. Pinhook and La Rue France, supporting convenient arrival for employees and visitors.
For buyers seeking an established office environment, the combination of private office rooms, cubicle space, and a central atrium can support a range of professional and corporate uses. Its straightforward parking access from two directions is also a practical fit for day-to-day operations and client visits along Lafayette’s business corridor.
Key Highlights
- 13,362 SF two‑story professional office building with an impressive atrium
- Multiple private offices plus generous cubicle space
- Multiple parking access points with lots accessible from W Pinhook Rd and La Rue France
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$155,494
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.07%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,109,880
$3.1M
Cap Rate 7%
$2,221,343
$2.2M
Cap Rate 9%
$1,727,711
$1.7M
Market Conditions
NOI Build-Up for 13,362 SF
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.
Gross rent
$240.5K $18.00/SF
− Vacancy
−$33.2K −$2.48/SF
EGI
$207.3K $15.52/SF
− OpEx
−$51.8K −$3.88/SF
NOI
$155.5K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,109,880
Cap Rate 7%
$2,221,343
Cap Rate 9%
$1,727,711
Alternative Uses
Best Use
Office B
$2.22M
$1.94M – $2.59M
NOI $155,494 @ 7.0% cap · market cap 7.07%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.16M
$2.76M – $3.69M
NOI $221,146 @ 7.0% cap · market cap 10.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,772
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Two-story office building with atrium and ample parking access for a convenient corporate workplace.
Where is this office building located?
The property is located at 1605 W Pinhook Rd Lafayette, LA.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: 13,362 SF two‑story professional office building with an impressive atrium; Multiple private offices plus generous cubicle space; Multiple parking access points with lots accessible from W Pinhook Rd and La Rue France
