Two-Story Professional Office
For Sale
$2,200,000
Pending
1605 W Pinhook Rd, Lafayette, LA 70508
Two-story office building with atrium and ample parking access for a convenient corporate workplace.
Property Size13,362 SF
Days on Market371
Property Features for 1605 W Pinhook Rd
General Information
Standard status
Pending
Size
13,362 SF
Total Parking Spaces
50
Property subtype
Office
Zoning
CH
Amenities
Vacant
50 Parking Spaces
Building Details
Stories
2
Listing Agency:
Scout Real Estate Co.
Listed By:
Jeff Landry · License #BROK.995682229-ACT
(337) 257-5380
Source:
Lacdb.resimplifi
Added: Oct 21, 2025
Changed: Oct 25
Last Checked: Oct 24 at 1:24PM
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.
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 / Yr
$155,494
Cap Rate
7.07%
Suggested Prices Based on Cap Rates
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
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 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.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,772
Businesses Nearby
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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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 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
