Two-Unit Flex
For Sale
$1,000,000
211 Guilbeau Road, Lafayette, LA 70506
COMMERCIAL - Lafayette, LA
Property Size11,343 SF
Lot Size0.76 Acres
Price / SF$88.16
Days on Market495
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: Aug 4
Last Checked: Aug 12 at 11:06PM
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.
The property consists of two units configured with office space and warehouse space. Unit 1 includes office space plus warehouse space, and Unit 2 includes office space plus warehouse space, creating a flexible layout for multiple operational needs within the same facility.
Recent updates include a roof that is approximately nine years old and AC that is approximately 11 years old. Electrical upgrades include Unit A completed in 2015 and Unit B completed in 2024.
The site is identified as zoning “BG” and is presented for sale as a combined retail space with a warehouse area in the back, offering visibility and functional back-of-house space for the right user.
Recent updates include a roof that is approximately nine years old and AC that is approximately 11 years old. Electrical upgrades include Unit A completed in 2015 and Unit B completed in 2024.
The site is identified as zoning “BG” and is presented for sale as a combined retail space with a warehouse area in the back, offering visibility and functional back-of-house space for the right user.
Key Highlights
- Two‑unit retail/warehouse setup: Unit 1 includes 3,891 SF office + 4,065 SF warehouse; Unit 2 includes 1,485 SF office + 1,902 SF warehouse
- Updates include roof approx. 9 years old and AC approx. 11 years old
- Electrical upgrades: Unit A in 2015 and Unit B in 2024
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
$64,986
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
6.50%
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%
$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
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
$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 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%
$1,299,720
Cap Rate 7%
$928,371
Cap Rate 9%
$722,067
Alternative Uses
Best Use
Office B
$1.89M
$1.65M – $2.20M
NOI $131,998 @ 7.0% cap · market cap 13.20%
Second Best
Warehouse
$928.4K
$812.3K – $1.08M
NOI $64,986 @ 7.0% cap · market cap 6.50%
Theoretical Best
Office A
$2.68M
$2.35M – $3.13M
NOI $187,731 @ 7.0% cap · market cap 18.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Office units
Location Intelligence
Trade Area within ½ mile
820
Businesses Nearby
Under-served
Demand for This Use
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Flex space - Two separate office-and-warehouse units with recent roof and AC updates provide flexibility for a variety of operations.
Where is this flex space located?
The property is located at 211 Guilbeau Road Lafayette, LA.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Two‑unit retail/warehouse setup: Unit 1 includes 3,891 SF office + 4,065 SF warehouse; Unit 2 includes 1,485 SF office + 1,902 SF warehouse; Updates include roof approx. 9 years old and AC approx. 11 years old; Electrical upgrades: Unit A in 2015 and Unit B in 2024
