Mixed-Use Property with
3012 W Pinhook Road, Lafayette, LA 70508
For Sale
New
$550,000
Commercial Sale, Lafayette, LA
Property Size2,074 SF
Lot Size0.42 Acres
Price / SF$265.19
Days on Market2
Property Features for 3012 W Pinhook Road
General Information
Property type
Property subtype
Zoning
Parking
Parking features
Subdivision
Lot features
Directions
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Property Use
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Utilities
Utilities
Sewer type
Heating system
Cooling system
Water source
Amenities
conference room
kitchenette
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Buildings
Listing Agency:
Keller Williams Realty Acadiana
(337) 735-9300
Listed By:
Richard Hotard · License LA #995718147
(337) 553-0812
Added: Nov 12
Changed: Nov 13
Last Checked: Nov 13 at 11:06PM
MLS# 200URT
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.
Three principal buildings occupy two lots along W Pinhook Road: a 2,074-square-foot office, a 2,292-square-foot residence and a 2,231-square-foot workshop. The single-story office has eight private offices, an open work area, reception, conference room, kitchenette and restroom. Its packaged HVAC system was replaced in 2022. The office is leased to a regional roofing company through June 30, 2029, on a modified gross lease with scheduled annual increases; its sale is subject to that lease.
The two-story residence contains three bedrooms and two bathrooms, along with living, den and dining areas, a front porch and covered patio. The detached workshop offers multiple overhead doors, steel-frame work bays, concrete floors, and finished work and storage rooms. Other improvements include a detached two-car garage, garage apartment and two-car carport. The property is zoned CH and is in Flood Zone X. W Pinhook Road carries approximately 23,400 vehicles per day.
The two-story residence contains three bedrooms and two bathrooms, along with living, den and dining areas, a front porch and covered patio. The detached workshop offers multiple overhead doors, steel-frame work bays, concrete floors, and finished work and storage rooms. Other improvements include a detached two-car garage, garage apartment and two-car carport. The property is zoned CH and is in Flood Zone X. W Pinhook Road carries approximately 23,400 vehicles per day.
Key Highlights
- Three main structures total approximately 6,597 SF across two lots
- Office building of approximately 2,074 SF; HVAC replaced in 2022
- Office lease extends through June 30, 2029, with scheduled annual increases
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,135
Cap Rate
4.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$482,700
$482.7K
Cap Rate 7%
$344,786
$344.8K
Cap Rate 9%
$268,167
$268.2K
Market Conditions
NOI Build-Up for 2,074 SF
Gross rent
$37.3K $18.00/SF
− Vacancy
−$5.2K −$2.48/SF
EGI
$32.2K $15.52/SF
− OpEx
−$8.0K −$3.88/SF
NOI
$24.1K $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%
$482,700
Cap Rate 7%
$344,786
Cap Rate 9%
$268,167
Alternative Uses
Best Use
Office B
$344.8K
$301.7K – $402.3K
NOI $24,135 @ 7.0% cap · market cap 4.39%
Second Best
Mixed Use
$342.2K
$299.4K – $399.3K
NOI $23,955 @ 7.0% cap · market cap 4.36%
Theoretical Best
Office A
$490.4K
$429.1K – $572.1K
NOI $34,326 @ 7.0% cap · market cap 6.24%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
1
Office units
Single-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
637
Businesses Nearby
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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
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Market
Properties on Market for Mixed-use properties in Lafayette County
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - An existing office lease runs through June 30, 2029, with scheduled annual increases under a modified gross structure.
Where is this mixed-use property located?
The property is located at 3012 W Pinhook Road Lafayette, LA.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Three main structures total approximately 6,597 SF across two lots; Office building of approximately 2,074 SF; HVAC replaced in 2022; Office lease extends through June 30, 2029, with scheduled annual increases
