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    Lafayette Office Building For Rent Title is generated by Realmo AI

    2701 Johnston Street Lafayette, Lafayette, LA 70503

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    Claim this Listing
    For Lease
    $500 /Mo

    Full-service office building with flexible floor plans and digital signage.

    Added:
    Sep 25, 2025
    Days on Market:
    251
    Last Refresh:
    May 8 at 8:19 pm

    Property Features for 2701 Johnston Street Lafayette

    General Information

    Standard status
    Active

    Spaces For Lease

    at 2701 Johnston Street Lafayette Contact us

    We can help!

    Listing Contact
    Clinton Shepard, SIOR, CCIM
    Clinton Shepard, SIOR, CCIM

    Listing agent Clinton Shepard, SIOR, CCIM License #995698987

    Listing office Lee & Associates | Lafayette

    Listing date Sep 25, 2025

    Source Lee-associates

    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 Lee & Associates | Lafayette

    HighLights

    • Central location at Johnston Street and S College Road provides easy access to downtown, the interstate, Pinhook Road, and Camellia Boulevard.
    • Walking distance to multiple restaurants, stores in South College Center, and Moncus Park.
    • Flexible floor plans available, ranging from executive offices to large suites.
    • Opportunity for digital signage on Johnston Street, visible to approximately 29,118 vehicles per day.
    • On‑site management ensures a clean and up‑to‑date work environment.
    • Full‑service office building with approximately 40,000 SF of space.

    Overview

    The Financial Center is a full-service office building with approximately 40,000 square feet, located at the corner of Johnston Street and South College Road. It offers flexible floor plans ranging from executive offices to large suites with multiple offices. The building is within walking distance of local restaurants and stores in the adjacent South College Center, as well as Moncus Park. Tenants have the option for digital signage on Johnston Street, providing branding exposure to approximately 29,118 vehicles per day (2022). On-site management maintains a clean and up-to-date work environment. The Financial Center's central Lafayette location at the corner of Johnston Street and South College Road provides easy access to downtown, the interstate, Pinhook Road, and Camellia Boulevard.
    Property Profile Location Intelligence

    Current Use by Public Records

    Centurion Promotion Hotel & Motel Prudential|Tom Broussard|Life Insurance ... Insurance Agency Prudential|Christopher Babin|Life Insurance ... Financial Advisor Elaina Robinson - Prudential ... Financial Advisor Cynthia Beslin - Prudential ... Financial Advisor

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lafayette
    County
    Lafayette
    State
    Louisiana
    Longitude
    -92.0387
    Latitude
    30.2068

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    FAQs

    What type of property is this?
    Office building - Full-service office building with flexible floor plans and digital signage.
    Where is this office building located?
    The property is located at 2701 Johnston Street Lafayette Lafayette, LA.
    What is the lease rate?
    The lease rate is $500 /Mo.
    What are key features of this property?
    This property features: Central location at Johnston Street and S College Road provides easy access to downtown, the interstate, Pinhook Road, and Camellia Boulevard.; Walking distance to multiple restaurants, stores in South College Center, and Moncus Park.; Flexible floor plans available, ranging from executive offices to large suites.
    (318) 366-6064
    We can help!
    Listing Contact
    Clinton Shepard, SIOR, CCIM
    Clinton Shepard, SIOR, CCIM
    Real Estate License ID: 995698987
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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    2701 Johnston Street | Lafayette, LA 70503, LA 70503
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