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    201 Energy Pkwy Lafayette, LA 70508

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    For Lease
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    Five-story office building with flexible floor plans and convenient location.

    Type:Office
    Added:
    Nov 9, 2024
    Days on Market:
    540
    Last Refresh:
    Mar 17 at 1:22 pm

    Property Features for 201 Energy Pkwy

    General Information

    Standard status
    Active
    Property subtype
    Office

    Building Details

    Year Built
    1983

    Spaces For Lease

    at 201 Energy Pkwy Contact us

    Suite 106 $17 /Mo

    Size
    2,508 SF
    Type
    Office
    Large open area, 2 offices, kitchen, IT room, 3 smaller roomsnLease Rate $17.00 SF/yr
    Contact us

    Suite 100 $17 /Mo

    Size
    10,232 SF
    Type
    Office
    Convenient Location Varying Suite Sizes Available Ample Parking Onsite Secure Building...
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    Suite 101 $17 /Mo

    Size
    762 SF
    Type
    Office
    Large open roomnLease Rate $17.00 SF/yr
    Contact us

    Suite 105 $19 /Mo

    Size
    735 SF
    Type
    Office
    Open suite with one officenLease Rate $19.00 SF/yr
    Contact us

    Suite 125 $17 /Mo

    Size
    2,533 SF
    Type
    Office
    Reception/waiting, 1 office, training room, kitchenette, storage roomnLease Rate...
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    Suite 250 $17 /Mo

    Size
    2,868 SF
    Type
    Office
    Waiting area, 4 offices, conference room, IT closetnLease Rate $17.00 SF/yr
    Contact us

    Suite 270 $17 /Mo

    Size
    3,029 SF
    Type
    Office
    Large bullpen area, training area, 1 officenLease Rate $17.00 SF/yr
    Contact us

    Suite 300 $17 /Mo

    Size
    6,263 SF
    Type
    Office
    Reception area, 6-9 offices, bullpen area, kitchen, mail roomnLease Rate $17.00 SF/yr
    Contact us

    Suite 302 $17 /Mo

    Size
    2,358 SF
    Type
    Office
    Large open suitenLease Rate $17.00 SF/yr
    Contact us

    Suite 310E $17 /Mo

    Size
    5,962 SF
    Type
    Office
    Reception/waiting, 12 offices, conference and server room, kitchen and kitchenette...
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    3rd Floor $17 /Mo

    Size
    19,614 SF
    Type
    Office
    Entire 3rd floornLease rate: $17.00 SF/yr
    Contact us

    1st Floor $17 /Mo

    Size
    16,790 SF
    Type
    Office
    Lease rate: $17.00 SF/yrnEntire first floor, portion is subleased.
    Contact us

    Suite 305 $17 /Mo

    Size
    Type
    Office
    Lease Rate : $17.00 SF/yrn2 offices, conference room, bullpen area, break room
    Contact us

    Suite 310 $17 /Mo

    Size
    Type
    Office
    Lease Rate: $17.00 SF/yrn3-4 offices
    Contact us

    Suite 400 $17 /Mo

    Size
    3,959 SF
    Type
    Office
    Reception/waiting, 8 offices, conference and training room, storage, kitchen, ITnLease...
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    Contact us

    Suite 406 $17 /Mo

    Size
    5,816 SF
    Type
    Office
    Open floor plan, training room, large kitchen, IT closetnLease Rate $17.00 SF/yr
    Contact us
    Show more

    We can help!

    Listing Contact
    Clinton Shepard

    Listing agent Clinton Shepard License #LA SALE.0995690388-ACT

    Listing office Lee & Associates - Lafayette

    Listing date Nov 9, 2024

    Source Crexi

    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 Lee & Associates - Lafayette

    Overview

    Premier Office Building For Lease

    Parkway Plaza is a 5-story full-service office building offering flexible floor plans for tenants of varying sizes. The building is located off of Pinhook Road in a convenient area of Lafayette with easy access to Highway 90, Verot School Road, and Kaliste Saloom. It has high visibility and is near restaurants, banking, shopping, and the airport. Parkway Plaza provides a covered drop-off area and ample parking. Additional conveniences include building card access, leasable storage rooms, and a UPS/FedEx drop-off point. The building is located on Energy Parkway off of Pinhook Road. It is approximately 0.8 miles from the Kaliste Saloom/Pinhook Intersection, 2 miles north of Highway 90, 3 miles south of River Ranch, and 1.7 miles east of the Oil Center. Kaliste Saloom and Verot School Road can be easily accessed via Fue Follet Road. Downtown Lafayette is approximately 3 miles away.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Columbia Gulf Transmission ... Gas Company Canon Solutions America Big Box & Wholesale Store Higginbotham - Lafayette Insurance Agency Environmental Drilling Solutions Construction Company Jacobs Entertainment, Inc. Gym & Fitness Center

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lafayette
    County
    Lafayette
    State
    Louisiana
    Longitude
    -92.009278
    Latitude
    30.1809779

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    FAQs

    What type of property is this?
    Office building - Five-story office building with flexible floor plans and convenient location.
    Where is this office building located?
    The property is located at 201 Energy Pkwy Lafayette, LA.
    What are key features of this property?
    This property features: Premier full‑service office building with flexible floor plans.; Convenient location with easy access to Highway 90, Verot School Road, and Kaliste Saloom Road.; High visibility and close proximity to restaurants, banking, shopping, and the airport.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Clinton Shepard
    Real Estate License ID: LA SALE.0995690388-ACT
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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    201 Energy Pkwy, Lafayette, LA 70508

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