Flex Space Facility with
For Sale
$990,000
312 Westgate Rd, Lafayette, LA 70506
Climate-controlled flex facility with offices, conference room, and ample parking for accommodating teams and clients.
Property Size10,000 SF
Price / SF$99
Days on Market152
Property Features for 312 Westgate Rd
General Information
Standard status
Active
Size
10,000 SF
Total Parking Spaces
63
Property subtype
Other
Zoning
T4
Listing Agency:
Epique Realty
Listed By:
Kiwi Bautista
(337) 706-4445
Source:
Lacdb.resimplifi
Added: May 31
Changed: Oct 25
Last Checked: Oct 28 at 4:48AM
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 Epique Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This flexible facility is climate-controlled and built for day-to-day operations, with durable stained concrete flooring throughout. The interior layout can support one larger enterprise or multiple businesses under a single roof, and includes a dedicated conference room, a spacious kitchen, two private offices, and multiple restrooms with three single restrooms plus a separate men’s restroom. For operational practicality, the property also includes a storage shed and three recently replaced 10-ton HVAC units intended to support year-round comfort.
Parking is a significant feature, with 63 on-site spaces plus an additional 20 spaces available through a transferable lease. The property is located in Flood Zone X, providing a noted level of flood-related peace of mind.
For buyers looking for flexible commercial space, the combination of office support areas, conference space, and multiple restroom setups can fit a range of operational needs—from office-forward production and warehousing support to service-oriented users requiring both team workspace and client-ready meeting space. The facility’s configuration allows for either consolidated use or division among multiple businesses, supported by its adaptable single-roof layout and in-place amenities.
Parking is a significant feature, with 63 on-site spaces plus an additional 20 spaces available through a transferable lease. The property is located in Flood Zone X, providing a noted level of flood-related peace of mind.
For buyers looking for flexible commercial space, the combination of office support areas, conference space, and multiple restroom setups can fit a range of operational needs—from office-forward production and warehousing support to service-oriented users requiring both team workspace and client-ready meeting space. The facility’s configuration allows for either consolidated use or division among multiple businesses, supported by its adaptable single-roof layout and in-place amenities.
Key Highlights
- 11,600 SF climate‑controlled flex facility with durable stained concrete flooring
- Layout includes a dedicated conference room, spacious kitchen, two private offices, and multiple restrooms (3 single + separate men’s)
- HVAC: three recently replaced 10‑ton units for year‑round comfort
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,181
Cap Rate
4.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$943,620
$943.6K
Cap Rate 7%
$674,014
$674.0K
Cap Rate 9%
$524,233
$524.2K
Market Conditions
NOI Build-Up for 10,000 SF
Gross rent
$70.8K $7.08/SF
− Vacancy
−$3.4K −$0.34/SF
EGI
$67.4K $6.74/SF
− OpEx
−$20.2K −$2.02/SF
NOI
$47.2K $4.72/SF
Area
Lafayette, LA
Vacancy
4.80%
Lease Rate
$7.08 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$943,620
Cap Rate 7%
$674,014
Cap Rate 9%
$524,233
Alternative Uses
Best Use
Office B
$1.66M
$1.45M – $1.94M
NOI $116,370 @ 7.0% cap · market cap 11.75%
Second Best
Industrial
$674.0K
$589.8K – $786.4K
NOI $47,181 @ 7.0% cap · market cap 4.77%
Theoretical Best
Office A
$2.36M
$2.07M – $2.76M
NOI $165,504 @ 7.0% cap · market cap 16.72%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
362
Businesses Nearby
Under-served
Demand for This Use
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
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Flex space - Climate-controlled flex facility with offices, conference room, and ample parking for accommodating teams and clients.
Where is this flex space located?
The property is located at 312 Westgate Rd Lafayette, LA.
What is the asking price?
The asking price for this property is $990,000.
What are key features of this property?
This property features: 11,600 SF climate‑controlled flex facility with durable stained concrete flooring; Layout includes a dedicated conference room, spacious kitchen, two private offices, and multiple restrooms (3 single + separate men’s); HVAC: three recently replaced 10‑ton units for year‑round comfort
