Mixed-Use Commercial
For Sale
$1,150,000
218 Four Park Road, Lafayette, LA 70507
The building combines office areas, employee amenities, a loading dock, and on-site parking.
Property Size17,000 SF
Price / SF$65.83
Days on Market261
Property Features for 218 Four Park Road
General Information
Standard status
Active
Size
17,000 SF
Total Parking Spaces
20
Additional Details
Dock-High Doors
1
Taxes and HOA fees
Annual Taxes
$9,195
Amenities
shower facility
employee lounge area
Building Details
Buildings
1
Building Size
17,000 SF
Listing Agency:
eXp Realty, LLC
(337) 522-7554
Listed By:
Viki Falgout · License #0995685591
(337) 356-8101
Source:
Exprealty
Added: Feb 10
Changed: Oct 28
Last Checked: Oct 28 at 3:48PM
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 eXp Realty, LLC
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Investment Insights
Based on property information with market context.
At 17,470 square feet, this commercial building includes more than six office spaces, four restrooms, a shower facility, an employee lounge, and a loading dock. The property has 20 parking spaces. Its prior uses have included retail, call center operations, an indoor gun range, and warehouse functions.
Located at 218 Four Park Road in Lafayette, the building offers a mix of office and service areas alongside warehouse-related features.
Located at 218 Four Park Road in Lafayette, the building offers a mix of office and service areas alongside warehouse-related features.
Key Highlights
- 17,470‑square‑foot commercial building
- More than six office spaces and four restrooms
- Loading dock, shower facility, and employee lounge
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$100,088
Cap Rate
8.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,001,760
$2.0M
Cap Rate 7%
$1,429,829
$1.4M
Cap Rate 9%
$1,112,089
$1.1M
Market Conditions
NOI Build-Up for 17,470 SF
Gross rent
$123.7K $7.08/SF
− Vacancy
−$5.9K −$0.34/SF
EGI
$117.8K $6.74/SF
− OpEx
−$17.7K −$1.01/SF
NOI
$100.1K $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%
$2,001,760
Cap Rate 7%
$1,429,829
Cap Rate 9%
$1,112,089
Alternative Uses
Best Use
Retail
$3.03M
$2.65M – $3.53M
NOI $211,871 @ 7.0% cap · market cap 18.42%
Second Best
Mixed Use
$2.88M
$2.52M – $3.36M
NOI $201,779 @ 7.0% cap · market cap 17.55%
Theoretical Best
Office A
$4.13M
$3.61M – $4.82M
NOI $289,135 @ 7.0% cap · market cap 25.14%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
1
Dock-high doors
Location Intelligence
Trade Area within ½ mile
283
Businesses Nearby
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Business Placement
Demographics for 70507, LA
17,791
Population
8,133
Households
2.2
Avg Household Size
36
Median Age
30%
College-Educated
92%
High-School Grad
21.4 sq mi
ZIP Area
831
Density / Sq Mi
$64,010
Median Household Income
$40,700
Median Earnings
$937
Median Rent
$206,700
Median Home Value
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The building combines office areas, employee amenities, a loading dock, and on-site parking.
Where is this mixed-use property located?
The property is located at 218 Four Park Road Lafayette, LA.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: 17,470‑square‑foot commercial building; More than six office spaces and four restrooms; Loading dock, shower facility, and employee lounge
