Freestanding Office
For Sale
$490,000
Pending
216 La Rue France, Lafayette, LA 70508
Commercial Sale, Lafayette, LA
Property Size2,283 SF
Lot Size0.20 Acres
Days on Market37
Property Features for 216 La Rue France
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
B-G
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2
Parking features
Parking Lot
Lot features
Level
Directions
Pinhook towards the Oil Center, right on La Rue France,
Subdivision
G1
Standard status
Pending
APN
6043897
Size
2,283 SF
Lot size
0.20 Acres
Additional Details
Property Use
Office
Condition
Turnkey
Taxes and HOA fees
Tax Description
TR 1A SEC 46 T10S R4E (0.1995 AC) (79-22889-SERVITUDE OF DRIVEWAY)
Tax Annual Amount
3002
Legal Description
TR 1A SEC 46 T10S R4E (0.1995 AC) (79-22889-SERVITUDE OF DRIVEWAY)
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Floors in Building
1
Flooring type
Tile, Concrete
Building materials
Brick, Frame
Roof type
Composition
Listing Agency:
Keller Williams Realty Acadiana
(337) 735-9300
Listed By:
Ivan Jennings · License #995702198
(337) 298-0889
Added: Sep 17
Changed: Oct 23
Last Checked: Oct 23 at 6:06PM
MLS# 2600008791
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.
This freestanding brick office building contains 2,283 square feet on a 0.2-acre lot. The interior includes five private offices, a separate area with four built-in cubicle workstations, a reception space, and a large common room. A conference room with display shelving, break room, wet bar, and two restrooms round out the layout. Concrete and tile flooring, window nooks, and a fireplace provide additional interior features.
Covered porches at both the front and rear, a private driveway, and an asphalt parking lot serve the property. Central heating and air conditioning are installed, with public water and sewer service. The zoning designation is B-G.
Covered porches at both the front and rear, a private driveway, and an asphalt parking lot serve the property. Central heating and air conditioning are installed, with public water and sewer service. The zoning designation is B-G.
Key Highlights
- 2,283‑square‑foot freestanding brick office building
- 0.2‑acre lot with asphalt parking and a private driveway
- Five private offices and four built‑in cubicle workstations
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,567
Cap Rate
5.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$531,340
$531.3K
Cap Rate 7%
$379,529
$379.5K
Cap Rate 9%
$295,189
$295.2K
Market Conditions
NOI Build-Up for 2,283 SF
Gross rent
$41.1K $18.00/SF
− Vacancy
−$5.7K −$2.48/SF
EGI
$35.4K $15.52/SF
− OpEx
−$8.9K −$3.88/SF
NOI
$26.6K $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%
$531,340
Cap Rate 7%
$379,529
Cap Rate 9%
$295,189
Alternative Uses
Best Use
Office B
$379.5K
$332.1K – $442.8K
NOI $26,567 @ 7.0% cap · market cap 5.42%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$539.8K
$472.3K – $629.8K
NOI $37,785 @ 7.0% cap · market cap 7.71%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
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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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Configured with private offices, cubicle workstations, a conference room, and shared employee amenities.
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: 2,283‑square‑foot freestanding brick office building; 0.2‑acre lot with asphalt parking and a private driveway; Five private offices and four built‑in cubicle workstations
