Medical Center with Dual
New
For Sale
$2,600,000
307 Alcide Dominique Drive, Lafayette, LA 70506
Commercial Sale, Lafayette, LA
Property Size7,012 SF
Lot Size1.89 Acres
Price / SF$370.79
Days on Market2
Property Features for 307 Alcide Dominique Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
IL
Parking
38
Parking features
Off Street, Parking Lot
Security features
Security System
Exterior features
Roof Sign
Lot features
Corner
Directions
University towards I-10. Take left on Alcide Dominique Dr. Property on corner of Alcide Dominique & Reading OR Willow to Reading bldg on corner of Reading and Alcide Dominique
Subdivision
C
Standard status
Active
APN
6147221
Size
7,012 SF
Lot size
1.89 Acres
Taxes and HOA fees
Tax Description
LOT 1 SEC 69 T9S R4E (1.891 AC) (2014-16543 PLAT)
Legal Description
LOT 1 SEC 69 T9S R4E (1.891 AC) (2014-16543 PLAT)
Utilities
Heating system
Central, Electric (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Floors in Building
1
Roof type
Composition
Listing Agency:
Keller Williams Realty Acadiana
(337) 735-9300
Listed By:
Selena C Lormand · License #26302
(337) 962-6305
Added: Sep 21
Changed: Sep 22
Last Checked: Sep 22 at 1:06PM
MLS# 2600008870
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.
Investment Insights
Based on property information with market context.
This 7,012-square-foot medical center occupies 1.89 acres at 307 Alcide Dominique Drive in Lafayette. The building includes two individual entrances, two front desks, two waiting rooms, multiple exam rooms, multiple offices, restrooms, and an X-ray room. A whole-building generator provides coverage during emergency power outages. Central air conditioning and electric heating serve the facility, which also has public water, a composition roof, a roof sign, and a parking lot with off-street parking.
The property is zoned IL and offers I-10 visibility. Green space extends behind the building and is identified for future expansion. The existing configuration supports separate operations within one facility, subject to applicable requirements.
The property is zoned IL and offers I-10 visibility. Green space extends behind the building and is identified for future expansion. The existing configuration supports separate operations within one facility, subject to applicable requirements.
Key Highlights
- 7,012‑square‑foot medical facility on 1.89 acres
- Two entrances, front desks, and waiting rooms
- Multiple exam rooms, offices, restrooms, and one X‑ray room
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$81,599
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.14%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,631,980
$1.6M
Cap Rate 7%
$1,165,700
$1.2M
Cap Rate 9%
$906,656
$906.7K
Market Conditions
NOI Build-Up for 7,012 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$126.2K $18.00/SF
− Vacancy
−$17.4K −$2.48/SF
EGI
$108.8K $15.52/SF
− OpEx
−$27.2K −$3.88/SF
NOI
$81.6K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,631,980
Cap Rate 7%
$1,165,700
Cap Rate 9%
$906,656
Alternative Uses
Best Use
Office B
$1.17M
$1.02M – $1.36M
NOI $81,599 @ 7.0% cap · market cap 3.14%
Second Best
Healthcare Medical
$1.14M
$994.0K – $1.33M
NOI $79,516 @ 7.0% cap · market cap 3.06%
Theoretical Best
Office A
$1.66M
$1.45M – $1.93M
NOI $116,051 @ 7.0% cap · market cap 4.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
201
Businesses Nearby
Explore this area
Business Placement
Demographics for 70506, LA
39,801
Population
20,296
Households
2
Avg Household Size
36
Median Age
37%
College-Educated
91%
High-School Grad
20.8 sq mi
ZIP Area
1,914
Density / Sq Mi
$55,553
Median Household Income
$38,764
Median Earnings
$1,024
Median Rent
$215,700
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 Office in South region
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Frequently Asked Questions
What type of property is this?
Medical center - The layout includes two entrances, front desks, and waiting rooms for separate operations.
Where is this medical center located?
The property is located at 307 Alcide Dominique Drive Lafayette, LA.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: 7,012‑square‑foot medical facility on 1.89 acres; Two entrances, front desks, and waiting rooms; Multiple exam rooms, offices, restrooms, and one X‑ray room
