Office/Warehouse Flex
For Sale
$270,000
205 Four Park Rd, Lafayette, LA 70507
Versatile office and insulated warehouse configuration with roll-up loading for industrial or service users.
Property Size3,000 SF
Price / SF$90
Days on Market96
Property Features for 205 Four Park Rd
General Information
Standard status
Active
Size
3,000 SF
Property subtype
Industrial
Zoning
CM
Additional Details
Highway Access
Yes
Drive-In Doors
1
Listing Agency:
The Gleason Group
Listed By:
Caitlyn Williams · License #0995684676
(337) 278-2048
Source:
Lacdb.resimplifi
Added: Jun 6
Changed: Sep 8
Last Checked: Sep 8 at 7:19AM
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 The Gleason Group
Investment Insights
Based on property information with market context.
This flex office/warehouse totals 3,000 SF, combining approximately 800 SF of office space with 2,200 SF of insulated warehouse area. The warehouse is designed for practical daily operations, featuring 10' eave heights and a 10' x 10' roll-up door for loading, receiving, and storage.
The property is positioned just off Gloria Switch Road, with quick access to I-49 for convenient connectivity to the broader Lafayette area and surrounding markets. Parking is available at both the front and rear of the building to support employee, customer, and fleet vehicle access.
With its split office and insulated warehouse layout, the space can work well for a range of industrial or service-based operations that need both workspace and controlled storage. The roll-up door and favorable loading access support efficient movement of goods and equipment as part of an everyday workflow.
The property is positioned just off Gloria Switch Road, with quick access to I-49 for convenient connectivity to the broader Lafayette area and surrounding markets. Parking is available at both the front and rear of the building to support employee, customer, and fleet vehicle access.
With its split office and insulated warehouse layout, the space can work well for a range of industrial or service-based operations that need both workspace and controlled storage. The roll-up door and favorable loading access support efficient movement of goods and equipment as part of an everyday workflow.
Key Highlights
- 3,000 SF office/warehouse in Carencro with 800 SF office space and 2,200 SF insulated warehouse space
- Warehouse has 10' eave heights and a 10' x 10' roll‑up door for loading and storage
- Front and rear parking for employee, customer, and fleet vehicle access
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
$17,187
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
6.37%
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%
$343,740
$343.7K
Cap Rate 7%
$245,529
$245.5K
Cap Rate 9%
$190,967
$191.0K
Market Conditions
NOI Build-Up for 3,000 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
$21.2K $7.08/SF
− Vacancy
−$1.0K −$0.34/SF
EGI
$20.2K $6.74/SF
− OpEx
−$3.0K −$1.01/SF
NOI
$17.2K $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%
$343,740
Cap Rate 7%
$245,529
Cap Rate 9%
$190,967
Alternative Uses
Best Use
Warehouse
$245.5K
$214.8K – $286.5K
NOI $17,187 @ 7.0% cap · market cap 6.37%
Second Best
Industrial
$202.2K
$176.9K – $235.9K
NOI $14,154 @ 7.0% cap · market cap 5.24%
Theoretical Best
Office A
$709.3K
$620.6K – $827.5K
NOI $49,651 @ 7.0% cap · market cap 18.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Drive-in doors
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 70507, LA
17,791
Population
8,133
Households
2.2
Avg Household Size
36
Median Age
30%
College-Educated
92%
High-School Grad
21.4 sq mi
ZIP Area
831
Density / Sq Mi
$64,010
Median Household Income
$40,700
Median Earnings
$937
Median Rent
$206,700
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 - Versatile office and insulated warehouse configuration with roll-up loading for industrial or service users.
Where is this flex space located?
The property is located at 205 Four Park Rd Lafayette, LA.
What is the asking price?
The asking price for this property is $270,000.
What are key features of this property?
This property features: 3,000 SF office/warehouse in Carencro with 800 SF office space and 2,200 SF insulated warehouse space; Warehouse has 10' eave heights and a 10' x 10' roll‑up door for loading and storage; Front and rear parking for employee, customer, and fleet vehicle access
