Lafayette Office Building For
For Sale
Contact for pricing
Pending
209 Rue Louis XIV, Lafayette, LA 70508
3,159 SF office building on 0.36 acres for sale.
Property Size3,159 SF
Lot Size0.36 Acres
Days on Market170
Property Features for 209 Rue Louis XIV
General Information
Standard status
Pending
Size
3,159 SF
Class
B
Lot size
0.36 Acres
Property subtype
Office
Zoning
CM-1 (Commercial Mixed-Use 1)
Investment Type
Owner/User
Building Details
Buildings
1
Stories
1
Units
2
Tenancy
Multi
Listing Agency:
Elifin Realty Lafayette
(225) 223-9789
Listed By:
Sam Johns · License #995718912
Source:
Crexi
Added: Mar 16
Changed: Aug 8
Last Checked: Jul 31 at 4:55AM
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 Elifin Realty Lafayette
Investment Insights
Based on property information with market context.
Located at 209 Rue Louis XIV in Lafayette, this property features a 3,159 square foot office building situated on 0.36 acres. The building is divided into two suites. Suite A is currently leased to a mortgage company with a lease expiring August 31, 2026. Suite B is occupied on a month-to-month basis and can be delivered vacant upon sale. The property is located near Kaliste Saloom Road and Verot School Road, providing access to the surrounding retail and office market. It is also a few minutes from River Ranch, a mixed-use district with residential, office, and retail spaces. Zoned CM-1 (Commercial Mixed-Use 1), the property can continue to be used as an office or repositioned within the commercial area.
Key Highlights
- Located seconds from Kaliste Saloom Rd and Verot School Rd, providing direct access throughout the surrounding retail and office market.
- ±3,159 SF office building on ±0.36 acres.**
- Suite B can be delivered vacant at sale, offering immediate occupancy or leasing opportunity.**
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
$36,761
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
4.60%
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%
$735,220
$735.2K
Cap Rate 7%
$525,157
$525.2K
Cap Rate 9%
$408,456
$408.5K
Market Conditions
NOI Build-Up for 3,159 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
$56.9K $18.00/SF
− Vacancy
−$7.8K −$2.48/SF
EGI
$49.0K $15.52/SF
− OpEx
−$12.3K −$3.88/SF
NOI
$36.8K $11.64/SF
Area
Lafayette, LA
Vacancy
13.80%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
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%
$735,220
Cap Rate 7%
$525,157
Cap Rate 9%
$408,456
Alternative Uses
Best Use
Office B
$525.2K
$459.5K – $612.7K
NOI $36,761 @ 7.0% cap · market cap 4.60%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$746.9K
$653.5K – $871.4K
NOI $52,283 @ 7.0% cap · market cap 6.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
867
Businesses Nearby
Explore this area
Business Placement
Demographics for 70508, LA
40,343
Population
18,677
Households
2.2
Avg Household Size
38
Median Age
47%
College-Educated
94%
High-School Grad
24.3 sq mi
ZIP Area
1,660
Density / Sq Mi
$88,017
Median Household Income
$51,614
Median Earnings
$1,244
Median Rent
$299,200
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?
Office building - 3,159 SF office building on 0.36 acres for sale.
Where is this office building located?
The property is located at 209 Rue Louis XIV Lafayette, LA.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Located seconds from Kaliste Saloom Rd and Verot School Rd, providing direct access throughout the surrounding retail and office market.; ±3,159 SF office building on ±0.36 acres.**; Suite B can be delivered vacant at sale, offering immediate occupancy or leasing opportunity.**
