Flex Space 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 Market257
Property Features for 218 Four Park Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Parking
20
Parking features
Parking Lot
Lot features
Cul-De-Sac
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.
Subdivision
D
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)
Tax Annual Amount
9195
Legal Description
LOT 21 & 22 NORTHERLAND- AN INDUSTRIAL DEVELOPMENT (160.66X10.55X206.66X160X193.04)
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air
Water source
Public
Amenities
restrooms
office spaces
shower facility
loading dock
employee lounge area
Building Details
Floors in Building
1
Flooring type
Tile
Building materials
Block
Roof type
Metal
Buildings
1
Listing Agency:
eXp Realty, LLC
(337) 522-7554
Listed By:
Viki Falgout · License #0995685591
(337) 356-8101
Added: Feb 10
Changed: Oct 24
Last Checked: Oct 25 at 4:06AM
MLS# 2600000788
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 17,470-square-foot flex property sits on 0.67 acres and includes six or more office spaces, four restrooms, a shower, an employee lounge, and a loading dock. Block construction, tile flooring, a metal roof, central heating, and central air are among its building features. The site also has a parking lot with 20 spaces.
The building has previously accommodated retail, call center, indoor range, and warehouse functions. Public water and sewer serve the property, which is zoned Commercial.
The building has previously accommodated retail, call center, indoor range, and warehouse functions. Public water and sewer serve the property, which is zoned Commercial.
Key Highlights
- 17,470 square feet of building area on a 0.67‑acre parcel
- Loading dock and parking lot with 20 spaces
- Six or more offices, four restrooms, a shower, 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
Warehouse
$1.43M
$1.25M – $1.67M
NOI $100,088 @ 7.0% cap · market cap 8.70%
Second Best
Industrial
$1.18M
$1.03M – $1.37M
NOI $82,425 @ 7.0% cap · market cap 7.17%
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
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
283
Businesses Nearby
Balanced
Demand for This Use
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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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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 - Commercially zoned facility with multiple offices, employee amenities, and a dedicated loading dock.
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 of building area on a 0.67‑acre parcel; Loading dock and parking lot with 20 spaces; Six or more offices, four restrooms, a shower, and employee lounge
