Office Building with Private
New
For Sale
$457,800
216 La Rue France Bldg A, Lafayette, LA 70508
A multi-office workplace includes shared meeting, reception, and kitchen areas, with on-site parking.
Property Size3,270 SF
Price / SF$140
Days on Market2
Property Features for 216 La Rue France Bldg A
General Information
Standard status
Active
Size
3,270 SF
Class
B
Property subtype
Office
Additional Details
Condition
Turnkey
Property Use
Office
Amenities
Conference Room
Kitchen
Reception Area
Building Details
Building Size
3,270 SF
Listing Agency:
Elifin Realty
Listed By:
Sam Johns · License #995718912
(225) 223-9789
Source:
Elifinrealty
Added: Oct 30
Last Checked: Oct 30 at 3:29PM
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 Elifin Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This office building offers 10 private offices alongside a conference room, kitchen, and reception area. On-site parking serves the property, and the layout combines private work areas with shared support spaces.
The Lafayette address places the building approximately 1 mile from Lafayette Regional Airport and 0.9 miles from Evangeline Thruway.
The Lafayette address places the building approximately 1 mile from Lafayette Regional Airport and 0.9 miles from Evangeline Thruway.
Key Highlights
- 10 private offices
- Conference room, kitchen, and reception area
- On‑site parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,053
Cap Rate
8.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$761,060
$761.1K
Cap Rate 7%
$543,614
$543.6K
Cap Rate 9%
$422,811
$422.8K
Market Conditions
NOI Build-Up for 3,270 SF
Gross rent
$58.9K $18.00/SF
− Vacancy
−$8.1K −$2.48/SF
EGI
$50.7K $15.52/SF
− OpEx
−$12.7K −$3.88/SF
NOI
$38.1K $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%
$761,060
Cap Rate 7%
$543,614
Cap Rate 9%
$422,811
Alternative Uses
Best Use
Office B
$543.6K
$475.7K – $634.2K
NOI $38,053 @ 7.0% cap · market cap 8.31%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$773.1K
$676.5K – $902.0K
NOI $54,120 @ 7.0% cap · market cap 11.82%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
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
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - A multi-office workplace includes shared meeting, reception, and kitchen areas, with on-site parking.
Where is this office building located?
The property is located at 216 La Rue France Bldg A Lafayette, LA.
What is the asking price?
The asking price for this property is $457,800.
What are key features of this property?
This property features: 10 private offices; Conference room, kitchen, and reception area; On‑site parking
