Versatile Commercial Property For
207 N Luke St Lafayette, LA 70506
207 N Luke St, Lafayette, LA, 70506
$249,900
For Sale
$249,900
Functional layout, excellent accessibility, ideal for professional uses.
Property Size1,261 SF
Price / SF$198.18
Days on Market143
Property Features for 207 N Luke St
General Information
- Standard status
- Active
- Size
- 1,261 SF
Listing Agency
Real Broker, LLC
(337) 315-0654
Listed by
Shannon L Broussard · License #0995688213
(337) 315-0654
Source
Exprealty
Added: Feb 24 Checked: Jul 15 at 11:20 pm
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 Real Broker, LLC
Investment Insights
Based on property information with market context.
This commercial property offers a functional layout and accessibility, suitable for various professional uses. The space includes 4 private offices, a reception and waiting area, a kitchen or breakroom, and 2 restrooms, supporting both client-facing operations and administrative needs. It is suited for medical or wellness practices, salon or beauty professionals, engineering firms, accounting or bookkeeping services, chiropractic care, counseling or therapy offices, nutritional services, insurance agencies, consulting firms, tutoring services, real estate offices, or other professional and service-based businesses. Located off Eraste Landry Drive and near I-10, the property provides access for clients and staff. The lot offers on-site parking. The property contains 1,261 square feet.
Key Highlights
- Excellent accessibility due to its location just off Eraste Landry Drive and near I‑10.
- Ample on‑site parking on a large lot.
- Functional layout featuring 4 private offices, reception/waiting area, kitchen/breakroom, and 2 restrooms.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $22.7k | $18.00 |
| − Vacancy | −$3.1k | −$2.48 |
| EGI | $19.6k | $15.52 |
| − OpEx | −$4.9k | −$3.88 |
| NOI | $14.7k | $11.64 |
1,261 SF · lease $18.00/SF/yr · vacancy 13.80% · expense 25.00%
Alternative Uses
Best Use
Office B
$209.6K
$183.4K – $244.6K
NOI $14,674 @ 7.0% cap · market cap 5.87%
Second Best
Healthcare Medical
$204.3K
$178.8K – $238.3K
NOI $14,300 @ 7.0% cap · market cap 5.72%
Theoretical Best
Office A
$298.1K
$260.9K – $347.8K
NOI $20,870 @ 7.0% cap · market cap 8.35%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apex Prevention
Physician
Hebert Jennifer
Foster Care Service
Wellness Express, LLC
Gym & Fitness Center
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FAQs
What type of property is this?
Medical Office Space - Functional layout, excellent accessibility, ideal for professional uses.
Where is this medical office space located?
The property is located at 207 N Luke St Lafayette, LA.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: Excellent accessibility due to its location just off Eraste Landry Drive and near I‑10.; Ample on‑site parking on a large lot.; **Functional layout featuring 4 private offices, reception/waiting area, kitchen/breakroom, and 2 restrooms.**
