Flex Space with Office and
For Sale
$270,000
205 Four Park Road, Lafayette, LA 70507
Commercial Sale, Lafayette, LA
Property Size3,000 SF
Lot Size0.32 Acres
Price / SF$90
Days on Market127
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
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
Additional Details
Property Use
Office/Warehouse
Taxes and HOA fees
Tax Description
LOT 8 NORTHERLAND - AN INDUSTRIAL DEVELOPMENT (100X135.4X100X135.97)
Tax Annual Amount
1550
Legal Description
LOT 8 NORTHERLAND - AN INDUSTRIAL DEVELOPMENT (100X135.4X100X135.97)
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Floors in Building
1
Flooring type
Concrete
Building materials
Metal Siding
Roof type
Metal
Listing Agency:
The Gleason Group
(337) 262-7873
Listed By:
Caitlyn Williams · License #0995684676
(337) 278-2048
Added: Jun 25
Changed: Oct 29
Last Checked: Oct 29 at 5:06PM
MLS# 2600005760
Copyright © 2026 ROAM MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 3,000-square-foot flex property contains approximately 800 square feet of office area and 2,200 square feet of insulated warehouse space. The warehouse has 10-foot eave heights and a 10-by-10-foot roll-up door. Metal siding, a metal roof, and concrete flooring are also part of the building, which has central heating and central air. Public water and sewer serve the property, and zoning is CM.
The 0.32-acre site is on Four Park Road in Lafayette, near Gloria Switch Road and with access to I-49. Parking is available at the front and rear of the building.
The 0.32-acre site is on Four Park Road in Lafayette, near Gloria Switch Road and with access to I-49. Parking is available at the front and rear of the building.
Key Highlights
- 3,000 square feet total, with approximately 800 square feet of office and 2,200 square feet of insulated warehouse
- Warehouse has 10‑foot eave heights and a 10‑by‑10‑foot roll‑up door
- 0.32‑acre site zoned CM
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,187
Cap Rate
6.37%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
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See the owner, sales and loan history
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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 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - CM-zoned space combines dedicated office area with insulated warehouse space and parking at both the front and rear.
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 square feet total, with approximately 800 square feet of office and 2,200 square feet of insulated warehouse; Warehouse has 10‑foot eave heights and a 10‑by‑10‑foot roll‑up door; 0.32‑acre site zoned CM
