Flex Building with Loading
For Sale
$1,150,000
218 Four Park Road, Lafayette, LA 70507
Commercial Sale, Lafayette, LA
Property Size17,000 SF
Lot Size0.67 Acres
Price / SF$65.83
Days on Market247
Property Features for 218 Four Park Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Parking
20
Parking features
Parking Lot
Exterior features
OH Door 10 - 15 Ft, Pole Sign
Subdivision
Northerland
Directions
From Gloria Switch west of I-49, turn onto Four Park Rd and follow it to the end where building is the last on the right.
Standard status
Active
APN
6016258
Size
17,470 SF
Lot size
0.67 Acres
Taxes and HOA fees
Tax Description
LOT 21 & 22 NORTHERLAND- AN INDUSTRIAL DEVELOPMENT (160.66X10.55X206.66X160X193.04)
Legal Description
LOT 21 & 22 NORTHERLAND- AN INDUSTRIAL DEVELOPMENT (160.66X10.55X206.66X160X193.04)
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air
Water source
Public
Amenities
shower facility
employee lounge area
Building Details
Floors in Building
1
Flooring type
Tile
Roof type
Metal
Listing Agency:
eXp Realty, LLC
(337) 522-7554
Listed By:
Viki L Falgout · License #0995685591
(337) 356-8101
Added: Feb 10
Changed: Oct 12
Last Checked: Oct 15 at 9:06PM
MLS# 2600000788
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.
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Investment Insights
Based on property information with market context.
This 17,470-square-foot flex property sits on a 0.67-acre parcel and includes more than six office areas, four restrooms, a shower, and an employee lounge. A loading dock and an overhead door support building access. Tile flooring, central air conditioning, and central electric heat are also in place.
The site has a parking lot with 20 spaces and a pole sign. Public water and sewer serve the property, which is zoned Commercial. Its prior uses include retail, a call center, an indoor gun range, and warehouse operations.
The site has a parking lot with 20 spaces and a pole sign. Public water and sewer serve the property, which is zoned Commercial. Its prior uses include retail, a call center, an indoor gun range, and warehouse operations.
Key Highlights
- 17,470 square feet on 0.67 acres
- More than 6 office spaces, 4 restrooms, shower, and employee lounge
- Loading dock and 10 - 15 Ft overhead door
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
Warehouse
$1.43M
$1.25M – $1.67M
NOI $100,088 @ 7.0% cap · market cap 8.70%
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.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
1
Dock-high doors
Location Intelligence
Trade Area within ½ mile
283
Businesses Nearby
Balanced
Demand for This Use
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Office and employee-support areas complement the building’s open commercial space and loading access.
Where is this flex space 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 feet on 0.67 acres; More than 6 office spaces, 4 restrooms, shower, and employee lounge; Loading dock and 10 - 15 Ft overhead door
