Fully Equipped Office and Training
For Sale
Contact for pricing
200 Galbert Road, Lafayette, LA 70506
Two-building campus includes offices, training rooms, warehouse/shop space, and substantial parking for operational continuity.
Property Size45,326 SF
Lot Size4.71 Acres
Price / SF$79.42
Days on Market100
Property Features for 200 Galbert Road
General Information
Standard status
Active
Size
45,326 SF
Class
B
Total Parking Spaces
155
Lot size
4.71 Acres
Property subtype
Office, Industrial, Special Purpose
Zoning
IL - Industrial Light
Additional Details
Highway Access
Yes
Building Details
Year Built
1986
Buildings
2
Stories
2
Listing Agency:
NAI Rampart
Listed By:
John Monteleone · License #LA SALE.0000021351-ACT
(337) 278-6444
Source:
Crexi
Added: Jun 1
Changed: Aug 25
Last Checked: Sep 6 at 8:39PM
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 NAI Rampart
Investment Insights
Based on property information with market context.
200 Galbert Road is a two-building office and training campus offering a fully equipped work environment alongside warehouse/shop space. The office component features more than 40 private offices, six training rooms, and three conference rooms, each equipped with digital calendar management systems. Amenities include a recreation lounge, fitness center, medical stations, and a full commercial kitchen with dining hall. Dormitory accommodations support up to 68 occupants, and the site also includes warehouse/shop space to support a wider range of operational needs.
The property spans approximately 4.71 acres and is supported by professional landscaping and ample controlled-access parking, totaling 155 spaces including 10 oversized truck stalls. Industrial improvements include two 10-ton jib cranes and a 150-gallon, 220-amp air compressor. The facility is generator-ready with the ability to connect to a portable generator capable of powering the entire property. HVAC and building systems have been maintained and upgraded, including a 125-ton Trane HVAC system installed in 2012 with onsite DDC integration, and a hydraulic elevator upgraded in 2017 and remaining under warranty.
This setup is well suited for organizations seeking an on-site combination of office administration, structured training, and light industrial or service functions under one roof. The combination of significant parking, truck-oriented stalls, and warehouse/shop space can support day-to-day operations as well as staff and visitor needs for training and program delivery.
The property spans approximately 4.71 acres and is supported by professional landscaping and ample controlled-access parking, totaling 155 spaces including 10 oversized truck stalls. Industrial improvements include two 10-ton jib cranes and a 150-gallon, 220-amp air compressor. The facility is generator-ready with the ability to connect to a portable generator capable of powering the entire property. HVAC and building systems have been maintained and upgraded, including a 125-ton Trane HVAC system installed in 2012 with onsite DDC integration, and a hydraulic elevator upgraded in 2017 and remaining under warranty.
This setup is well suited for organizations seeking an on-site combination of office administration, structured training, and light industrial or service functions under one roof. The combination of significant parking, truck-oriented stalls, and warehouse/shop space can support day-to-day operations as well as staff and visitor needs for training and program delivery.
Key Highlights
- Two‑building office and training campus on approx. 4.71 acres with more than 40 private offices, six training rooms, and three conference rooms
- Full facility amenities include a recreation lounge, fitness center, medical stations, and a full commercial kitchen with dining hall
- Dormitory accommodations for up to 68 occupants plus controlled‑access parking for 155 vehicles, including 10 oversized truck stalls
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
$259,679
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
7.21%
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%
$5,193,580
$5.2M
Cap Rate 7%
$3,709,700
$3.7M
Cap Rate 9%
$2,885,322
$2.9M
Market Conditions
NOI Build-Up for 45,326 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
$320.9K $7.08/SF
− Vacancy
−$15.4K −$0.34/SF
EGI
$305.5K $6.74/SF
− OpEx
−$45.8K −$1.01/SF
NOI
$259.7K $5.73/SF
Area
Lafayette, LA
Vacancy
4.80%
Lease Rate
$7.08 /SF/Yr
Expense Ratio
15.00%
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%
$5,193,580
Cap Rate 7%
$3,709,700
Cap Rate 9%
$2,885,322
Alternative Uses
Best Use
Warehouse
$3.71M
$3.25M – $4.33M
NOI $259,679 @ 7.0% cap · market cap 7.21%
Second Best
Industrial
$3.06M
$2.67M – $3.56M
NOI $213,853 @ 7.0% cap · market cap 5.94%
Theoretical Best
Office A
$10.72M
$9.38M – $12.50M
NOI $750,163 @ 7.0% cap · market cap 20.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
283
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 70506, LA
39,801
Population
20,296
Households
2
Avg Household Size
36
Median Age
37%
College-Educated
91%
High-School Grad
20.8 sq mi
ZIP Area
1,914
Density / Sq Mi
$55,553
Median Household Income
$38,764
Median Earnings
$1,024
Median Rent
$215,700
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Two-building campus includes offices, training rooms, warehouse/shop space, and substantial parking for operational continuity.
Where is this flex space located?
The property is located at 200 Galbert Road Lafayette, LA.
What is the asking price?
The asking price for this property is $3,600,000.
What are key features of this property?
This property features: Two‑building office and training campus on approx. 4.71 acres with more than 40 private offices, six training rooms, and three conference rooms; Full facility amenities include a recreation lounge, fitness center, medical stations, and a full commercial kitchen with dining hall; Dormitory accommodations for up to 68 occupants plus controlled‑access parking for 155 vehicles, including 10 oversized truck stalls
