Two-Unit Mixed-Use
For Sale
$950,000
211 Guilbeau Road, Lafayette, LA 70506
Commercial Sale, Lafayette, LA
Property Size11,343 SF
Lot Size0.76 Acres
Price / SF$83.75
Days on Market567
Property Features for 211 Guilbeau Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
BG
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 2, Bathroom 1, Bathroom 3
Directions
JOHNSTON TO GUILBEAU, BLDG.ON LFT, BETWEEN JOHNSTON AND CONGRESS
Subdivision
G3
Standard status
Active
APN
6157405
Size
11,343 SF
Lot size
0.76 Acres
Taxes and HOA fees
Tax Description
LOT 2-3 SYCAMORE PARK
Tax Annual Amount
5456
Legal Description
LOT 2-3 SYCAMORE PARK
Utilities
Heating system
Electric (Heating)
Cooling system
Heat Pump
Water source
Public
Building Details
Floors in Building
1
Flooring type
Wood, Marble
Building materials
Concrete
Listing Agency:
Keller Williams Realty Acadiana
(337) 735-9300
Listed By:
Nah Senpeng · License #99562982
(337) 349-8869
Added: Apr 5, 2025
Changed: Oct 23
Last Checked: Oct 23 at 4:06PM
MLS# 2020022508
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.
At 211 Guilbeau Road in Lafayette, this two-unit commercial property totals 11,343 square feet on 0.76 acres. Each unit combines office space with a warehouse: the first has 3,891 square feet of office and 4,065 square feet of warehouse, while the second provides 1,485 square feet of office and 1,902 square feet of warehouse. The property is zoned BG and has concrete construction, public water, electric heating, and heat-pump cooling.
The roof is 9 years old, and the AC is 11 years old. Electrical upgrades were completed for Unit A in 2015 and Unit B in 2024. Flooring includes marble and wood.
The roof is 9 years old, and the AC is 11 years old. Electrical upgrades were completed for Unit A in 2015 and Unit B in 2024. Flooring includes marble and wood.
Key Highlights
- Two units with a combined 11,343 square feet of office and warehouse space
- Unit 1: 3,891 SF office and 4,065 SF warehouse
- Unit 2: 1,485 SF office and 1,902 SF warehouse
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$64,986
Cap Rate
6.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,299,720
$1.3M
Cap Rate 7%
$928,371
$928.4K
Cap Rate 9%
$722,067
$722.1K
Market Conditions
NOI Build-Up for 11,343 SF
Gross rent
$80.3K $7.08/SF
− Vacancy
−$3.9K −$0.34/SF
EGI
$76.5K $6.74/SF
− OpEx
−$11.5K −$1.01/SF
NOI
$65.0K $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%
$1,299,720
Cap Rate 7%
$928,371
Cap Rate 9%
$722,067
Alternative Uses
Best Use
Retail
$1.97M
$1.72M – $2.29M
NOI $137,564 @ 7.0% cap · market cap 14.48%
Second Best
Mixed Use
$1.87M
$1.64M – $2.18M
NOI $131,012 @ 7.0% cap · market cap 13.79%
Theoretical Best
Office A
$2.68M
$2.35M – $3.13M
NOI $187,731 @ 7.0% cap · market cap 19.76%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
940
Businesses Nearby
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Business Placement
Demographics for 70506, LA
39,801
Population
20,296
Households
2
Avg Household Size
36
Median Age
37%
College-Educated
91%
High-School Grad
20.8 sq mi
ZIP Area
1,914
Density / Sq Mi
$55,553
Median Household Income
$38,764
Median Earnings
$1,024
Median Rent
$215,700
Median Home Value
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Separate office and warehouse areas give both units a practical combination of workspace and storage.
Where is this mixed-use property located?
The property is located at 211 Guilbeau Road Lafayette, LA.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Two units with a combined 11,343 square feet of office and warehouse space; Unit 1: 3,891 SF office and 4,065 SF warehouse; Unit 2: 1,485 SF office and 1,902 SF warehouse
