Multi-Purpose Event Center with
For Sale
$1,100,000
200 Rue Du Belier, Lafayette, LA 70506
An event venue with office space and a fully equipped commercial kitchen, plus outdoor covered pavilion and workshop space.
Property Size8,576 SF
Price / SF$128.26
Days on Market180
Property Features for 200 Rue Du Belier
General Information
Standard status
Active
Size
8,576 SF
Listing Agency:
RE/MAX Acadiana
(337) 962-7653
Listed By:
Merrie Chris Leger · License #27767
(337) 962-7653
Source:
Exprealty
Added: Feb 24
Changed: Aug 23
Last Checked: Aug 22 at 10:14AM
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 RE/MAX Acadiana
Investment Insights
Based on property information with market context.
This multi-purpose event center features over 7,200 square feet of interior space designed to support meetings and events, including dedicated meeting areas, office space, and a fully equipped commercial kitchen. The rear of the building includes a covered pavilion with 3,000+ additional square feet, along with a 1,369-square-foot workshop and a 144-square-foot storage building. The grounds are described as expansive and well-maintained, supporting a range of event and recreational uses.
Located at 200 Rue Du Belier in Lafayette, the property is positioned between Lafayette and Scott and near Acadiana High School and the new roundabout at Dulles and Apollo Roads. The remarks note convenient access to Ambassador Caffery Parkway, Highway 93, Interstate 10, and the Apollo Road corridor, which connects directly to Scott’s West Village.
For operators and groups seeking a turn-key-feeling setup for catered events or multi-use gatherings, the combination of interior gathering space, on-site offices, and a commercial kitchen can help streamline day-to-day operations. The added pavilion, workshop, and storage support event setup and back-of-house functions, while the outdoor grounds provide room for broader programming within a single site.
Located at 200 Rue Du Belier in Lafayette, the property is positioned between Lafayette and Scott and near Acadiana High School and the new roundabout at Dulles and Apollo Roads. The remarks note convenient access to Ambassador Caffery Parkway, Highway 93, Interstate 10, and the Apollo Road corridor, which connects directly to Scott’s West Village.
For operators and groups seeking a turn-key-feeling setup for catered events or multi-use gatherings, the combination of interior gathering space, on-site offices, and a commercial kitchen can help streamline day-to-day operations. The added pavilion, workshop, and storage support event setup and back-of-house functions, while the outdoor grounds provide room for broader programming within a single site.
Key Highlights
- Multi‑purpose event center with 7,200+ sq ft of interior event and meeting space
- Includes dedicated meeting areas, office space, and a fully equipped commercial kitchen
- Rear covered pavilion adds 3,000+ sq ft of additional covered space
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
$40,463
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
3.68%
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%
$809,260
$809.3K
Cap Rate 7%
$578,043
$578.0K
Cap Rate 9%
$449,589
$449.6K
Market Conditions
NOI Build-Up for 8,576 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
$60.7K $7.08/SF
− Vacancy
−$2.9K −$0.34/SF
EGI
$57.8K $6.74/SF
− OpEx
−$17.3K −$2.02/SF
NOI
$40.5K $4.72/SF
Area
Lafayette, LA
Vacancy
4.80%
Lease Rate
$7.08 /SF/Yr
Expense Ratio
30.00%
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%
$809,260
Cap Rate 7%
$578,043
Cap Rate 9%
$449,589
Alternative Uses
Best Use
Specialty Retail
$1.59M
$1.39M – $1.86M
NOI $111,436 @ 7.0% cap · market cap 10.13%
Second Best
Industrial
$578.0K
$505.8K – $674.4K
NOI $40,463 @ 7.0% cap · market cap 3.68%
Theoretical Best
Office A
$2.03M
$1.77M – $2.37M
NOI $141,936 @ 7.0% cap · market cap 12.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
147
Businesses Nearby
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 Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Wedding venue - An event venue with office space and a fully equipped commercial kitchen, plus outdoor covered pavilion and workshop space.
Where is this wedding venue located?
The property is located at 200 Rue Du Belier Lafayette, LA.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Multi‑purpose event center with 7,200+ sq ft of interior event and meeting space; Includes dedicated meeting areas, office space, and a fully equipped commercial kitchen; Rear covered pavilion adds 3,000+ sq ft of additional covered space
