Medical Facility with Dual
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 Market33
Property Features for 307 Alcide Dominique Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
IL
Parking
38
Parking features
Parking Lot
Lot features
Corner Lot
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
Additional Details
Currently Operating
Yes
Property Use
Medical Office
Taxes and HOA fees
Tax Description
LOT 1 SEC 69 T9S R4E (1.891 AC) (2014-16543 PLAT)
Tax Annual Amount
15218
Legal Description
LOT 1 SEC 69 T9S R4E (1.891 AC) (2014-16543 PLAT)
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Floors in Building
1
Building materials
Frame
Roof type
Composition
Listing Agency:
Keller Williams Realty Acadiana
(337) 735-9300
Listed By:
Selena Lormand · License #26302
(337) 962-6305
Added: Sep 21
Changed: Oct 23
Last Checked: Oct 23 at 1:06PM
MLS# 2600008870
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 7,012-square-foot medical facility sits on 1.89 acres and is configured for two separate operations, with individual entrances, reception desks, and waiting rooms. The interior includes exam rooms, offices, restrooms, and an X-ray room. A generator provides backup power for the entire building, and rear green space offers room for potential expansion.
The property has IL zoning, a parking lot, public water and sewer, central air conditioning, and central electric heating.
The property has IL zoning, a parking lot, public water and sewer, central air conditioning, and central electric heating.
Key Highlights
- 7,012‑square‑foot medical building on 1.89 acres
- Two entrances, reception desks, and waiting rooms for separate operations
- Exam rooms, offices, restrooms, and an X‑ray room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$81,599
Cap Rate
3.14%
Suggested Prices Based on Cap Rates
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
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 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.
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Current Use
Location Intelligence
Trade Area within ½ mile
201
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Medical center - The building can accommodate two separate medical operations, each with its own reception and waiting area.
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 building on 1.89 acres; Two entrances, reception desks, and waiting rooms for separate operations; Exam rooms, offices, restrooms, and an X‑ray room
