Office/Warehouse Flex
For Sale
$270,000
205 Four Park Road, Lafayette, LA 70507
COMMERCIAL - Lafayette, LA
Property Size3,000 SF
Lot Size0.32 Acres
Price / SF$90
Days on Market48
Property Features for 205 Four Park Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
CM
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Parking features
Off Street
Exterior features
OH Door < 10 Ft
Subdivision
Northerland
Directions
Form the I-10/I-40 interchange, take I-49 North toward Opelousas, exit at Gloria Switch Road (Exit 4). Turn left onto Gloria Switch and then turn right onto Four Park Road. Continue through the industrial park, and the building is on your left.
Standard status
Active
APN
6072139
Size
3,000 SF
Lot size
0.32 Acres
Taxes and HOA fees
Tax Description
LOT 8 NORTHERLAND - AN INDUSTRIAL DEVELOPMENT (100X135.4X100X135.97)
Legal Description
LOT 8 NORTHERLAND - AN INDUSTRIAL DEVELOPMENT (100X135.4X100X135.97)
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Floors in Building
1
Flooring type
Concrete
Roof type
Metal
Listing Agency:
The Gleason Group
(337) 262-7873
Listed By:
Caitlyn Williams · License #0995684676
(337) 278-2048
Added: Jun 25
Changed: Aug 4
Last Checked: Aug 11 at 11:06PM
MLS# 2600005760
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 office/warehouse flex property offers a practical mix of workspace and storage, totaling approximately 3,000 SF. The building includes roughly 800 SF of office space and about 2,200 SF of insulated warehouse area, designed to support efficient day-to-day operations. Warehouse functionality is strengthened by 10' eave heights and a 10' x 10' roll-up door for loading, unloading, and convenient access to the storage area. The property also includes front and rear parking to support employees, customers, and fleet vehicles.
Located just off Gloria Switch Road with quick access to I-49, the site is positioned for connectivity to major transportation corridors and the surrounding Lafayette markets. With a Commercial (CM) zoning designation, the property may be suited for industrial or service-based users seeking an on-site office and warehouse environment.
For tenants, buyers, or operators needing a straightforward live-work style configuration—office space paired with insulated warehouse storage—this layout supports day-to-day workflow. The combination of dedicated loading access, functional clearances, and parking at both the front and rear helps accommodate operations where regular vehicle activity is part of the business.
Located just off Gloria Switch Road with quick access to I-49, the site is positioned for connectivity to major transportation corridors and the surrounding Lafayette markets. With a Commercial (CM) zoning designation, the property may be suited for industrial or service-based users seeking an on-site office and warehouse environment.
For tenants, buyers, or operators needing a straightforward live-work style configuration—office space paired with insulated warehouse storage—this layout supports day-to-day workflow. The combination of dedicated loading access, functional clearances, and parking at both the front and rear helps accommodate operations where regular vehicle activity is part of the business.
Key Highlights
- 3,000 SF office/warehouse in Carencro with approx. 800 SF office and 2,200 SF insulated warehouse space
- 10' eave heights and a 10' x 10' roll‑up door for loading and warehouse storage
- Central heating and central air, plus concrete flooring throughout
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
Office B
$498.7K
$436.4K – $581.9K
NOI $34,911 @ 7.0% cap · market cap 12.93%
Second Best
Warehouse
$245.5K
$214.8K – $286.5K
NOI $17,187 @ 7.0% cap · market cap 6.37%
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
Yes
Highway access
Yes
Paved road 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 Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Office and insulated warehouse space with roll-up loading and front and rear parking for operational flexibility.
Where is this flex space located?
The property is located at 205 Four Park Road 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 approx. 800 SF office and 2,200 SF insulated warehouse space; 10' eave heights and a 10' x 10' roll‑up door for loading and warehouse storage; Central heating and central air, plus concrete flooring throughout
