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 Market551
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
Parking features
Off Street
Exterior features
OH Door 16 - 20 Ft, Roof Sign
Subdivision
Sycamore Park
Lot features
Easements
Directions
JOHNSTON TO GUILBEAU, BLDG.ON LFT, BETWEEN JOHNSTON AND CONGRESS
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
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
Marble, Wood
Listing Agency:
Keller Williams Realty Acadiana
(337) 735-9300
Listed By:
Nah Senpeng · License #99562982
(337) 349-8869
Added: Apr 5, 2025
Changed: Oct 6
Last Checked: Oct 7 at 8:06AM
MLS# 2020022508
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 mixed-use commercial property contains 11,343 square feet across two units, with office and warehouse components in each. Unit 1 includes 3,891 square feet of office area and 4,065 square feet of warehouse space, while Unit 2 provides 1,485 square feet of office area and 1,902 square feet of warehouse space. The property also includes three bathrooms, wood and marble flooring, electric heating, heat-pump cooling, and off-street parking.
Set on 0.76 acres at 211 Guilbeau Road in Lafayette, the property carries BG zoning and includes public water service. Exterior features include a 16–20-foot overhead door and roof signage. The roof is 9 years old, the AC system is 11 years old, and electrical upgrades were completed in 2015 and 2024.
Set on 0.76 acres at 211 Guilbeau Road in Lafayette, the property carries BG zoning and includes public water service. Exterior features include a 16–20-foot overhead door and roof signage. The roof is 9 years old, the AC system is 11 years old, and electrical upgrades were completed in 2015 and 2024.
Key Highlights
- 11,343‑square‑foot mixed‑use property on 0.76 acres
- Two units with combined office and warehouse areas
- Unit 1: 3,891 SF office and 4,065 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.
Property Analytics
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Current Use
Lease Details
2
Office units
Location Intelligence
Trade Area within ½ mile
940
Businesses Nearby
Explore this area
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
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Frequently Asked Questions
What type of property is this?
Mixed-use property - BG-zoned commercial property combines office, warehouse, and retail functionality within two separate units.
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: 11,343‑square‑foot mixed‑use property on 0.76 acres; Two units with combined office and warehouse areas; Unit 1: 3,891 SF office and 4,065 SF warehouse
