Two-Story Professional Office
For Sale
$2,200,000
1605 W Pinhook Road, Lafayette, LA 70508
Commercial Sale, Lafayette, LA
Property Size13,362 SF
Lot Size1.51 Acres
Price / SF$164.65
Days on Market338
Property Features for 1605 W Pinhook Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
CH
Parking features
Parking Lot
Directions
Head towards the airport on Kaliste Saloom Rd, then turn left onto W Pinhook Rd. Continue for about half a mile - 1605 W PInhook Rd will be on your right.
Subdivision
G1
Standard status
Active
APN
6040823
Size
13,362 SF
Lot size
1.51 Acres
Taxes and HOA fees
Tax Description
LOT 1 SEC 46 T10S R4E (1.515 AC)
Legal Description
LOT 1 SEC 46 T10S R4E (1.515 AC)
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
atrium
Building Details
Roof type
Tar/Gravel
Listing Agency:
Scout Real Estate Co.
(337) 443-0880
Listed By:
Jeff Landry · License #995682229
(337) 257-5380
Added: Oct 21, 2025
Changed: Sep 12
Last Checked: Sep 23 at 1:06AM
MLS# 2500004779
Copyright © 2026 Realtor Association of Acadiana. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 13,362-square-foot office building spans two stories and includes an atrium, multiple private offices, and substantial cubicle areas. Central heating and central air conditioning serve the interior, while a parking lot supports employees and visitors. The building has a tar/gravel roof and public water service.
Positioned on W Pinhook Road in Lafayette, the property includes 1.51 acres and parking access from both W Pinhook Road and La Rue France. CH zoning and its established office configuration provide a defined framework for professional workplace use.
Positioned on W Pinhook Road in Lafayette, the property includes 1.51 acres and parking access from both W Pinhook Road and La Rue France. CH zoning and its established office configuration provide a defined framework for professional workplace use.
Key Highlights
- 13,362‑square‑foot office building on 1.51 acres
- Two‑story layout with an interior atrium
- Multiple private offices and generous cubicle areas
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
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Current Use
Lease Details
Yes
Paved road access
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 - Central HVAC, an atrium, private offices, open work areas, and on-site parking support a versatile workplace layout.
Where is this office building located?
The property is located at 1605 W Pinhook Road 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‑square‑foot office building on 1.51 acres; Two‑story layout with an interior atrium; Multiple private offices and generous cubicle areas
