Freestanding Office
216 La Rue France, Lafayette, LA 70508
For Sale
$490,000
Brick professional office property with reception, conference, break-room, and private work areas.
Property Size2,400 SF
Price / SF$204.17
Days on Market49
Property Features for 216 La Rue France
General Information
Standard status
Size
Site & Location
Road Access
Utilities to Site
Amenities
covered front porch
covered back porch
wet bar
fireplace
window nooks
Building Details
Buildings
Construction
Listing Agency:
Keller Williams Realty Acadiana
Listed By:
Ivan Jennings · License #995702198
(337) 704-5108
Source:
Athomerealtyla
Added: Sep 20
Changed: Oct 25
Last Checked: Oct 7 at 5:43PM
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 Keller Williams Realty Acadiana
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Investment Insights
Based on property information with market context.
This 2,400 SF freestanding brick office building provides a practical layout for professional operations. Interior features include stained concrete flooring, a reception area, primary conference room, full break room, two restrooms, six private offices, and a separate area configured with four built-in cubicle workstations. An expansive great room with display shelving is complemented by window nooks, a wet bar, fireplace, and dedicated copy and storage areas.
The property is located at 216 La Rue France in Lafayette, with covered front and rear porches, a private driveway, and an asphalt parking lot for employees and visitors. Central HVAC and city utilities support daily occupancy.
The property is located at 216 La Rue France in Lafayette, with covered front and rear porches, a private driveway, and an asphalt parking lot for employees and visitors. Central HVAC and city utilities support daily occupancy.
Key Highlights
- 2,400 SF freestanding brick office building
- Six private offices plus four built‑in cubicle workstations
- Reception area, conference room, break room, and two restrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,929
Cap Rate
5.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$558,580
$558.6K
Cap Rate 7%
$398,986
$399.0K
Cap Rate 9%
$310,322
$310.3K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$43.2K $18.00/SF
− Vacancy
−$6.0K −$2.48/SF
EGI
$37.2K $15.52/SF
− OpEx
−$9.3K −$3.88/SF
NOI
$27.9K $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 Rate 5%
$558,580
Cap Rate 7%
$398,986
Cap Rate 9%
$310,322
Alternative Uses
Best Use
Office B
$399.0K
$349.1K – $465.5K
NOI $27,929 @ 7.0% cap · market cap 5.70%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$567.4K
$496.5K – $662.0K
NOI $39,721 @ 7.0% cap · market cap 8.11%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,873
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
$299,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office buildings in Lafayette, LA
Properties on Market for Office buildings in Lafayette
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Brick professional office property with reception, conference, break-room, and private work areas.
Where is this office building located?
The property is located at 216 La Rue France Lafayette, LA.
What is the asking price?
The asking price for this property is $490,000.
What are key features of this property?
This property features: 2,400 SF freestanding brick office building; Six private offices plus four built‑in cubicle workstations; Reception area, conference room, break room, and two restrooms
