Two-Story Medical Office
For Sale
$1,100,000
500 Juliette Pl, Lafayette, LA 70506
Corner-positioned facility includes exam rooms, treatment areas, laboratory space, and administrative areas.
Property Size6,500 SF
Price / SF$169.23
Days on Market412
Property Features for 500 Juliette Pl
General Information
Standard status
Active
Size
6,500 SF
Total Parking Spaces
29
Property subtype
Healthcare
Zoning
CM-1
Amenities
Power
Water
Sewer
Natural Gas
Vacant
29 Parking Spaces
Building Details
Buildings
1
Stories
2
Listing Agency:
NAI Rampart Commercial Real Estate Lafayette
Listed By:
Dewitt David · License #46838
(337) 298-6169
Source:
Lacdb.resimplifi
Added: Aug 22, 2025
Changed: Sep 23
Last Checked: Oct 5 at 3:15PM
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 NAI Rampart Commercial Real Estate Lafayette
Investment Insights
Based on property information with market context.
This two-story medical office property is arranged for clinical, administrative, and patient-support functions. The first floor includes a substantial reception and waiting area, handicap-accessible restroom, two reception stations, five offices, eight exam rooms, a laboratory, coffee room, supply room, and three additional restrooms. One office has a private restroom.
The upper level provides another lobby, a large treatment room, nursing station, mixing room, conference and breakroom area with washer and dryer connections, a small office, and three storage rooms. A partially finished section offers additional interior area within the existing building. The property occupies the corner of Juliette Place and St. Thomas Street in Lafayette, Louisiana, and was formerly used as the Allure Enhancement Center medical spa.
The upper level provides another lobby, a large treatment room, nursing station, mixing room, conference and breakroom area with washer and dryer connections, a small office, and three storage rooms. A partially finished section offers additional interior area within the existing building. The property occupies the corner of Juliette Place and St. Thomas Street in Lafayette, Louisiana, and was formerly used as the Allure Enhancement Center medical spa.
Key Highlights
- Two‑story medical office building at Juliette Place and St. Thomas Street
- Eight exam rooms plus a large treatment room
- First‑floor waiting area with handicap‑accessible restroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$75,641
Cap Rate
6.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,512,820
$1.5M
Cap Rate 7%
$1,080,586
$1.1M
Cap Rate 9%
$840,456
$840.5K
Market Conditions
NOI Build-Up for 6,500 SF
Gross rent
$117.0K $18.00/SF
− Vacancy
−$16.1K −$2.48/SF
EGI
$100.9K $15.52/SF
− OpEx
−$25.2K −$3.88/SF
NOI
$75.6K $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%
$1,512,820
Cap Rate 7%
$1,080,586
Cap Rate 9%
$840,456
Alternative Uses
Best Use
Office B
$1.08M
$945.5K – $1.26M
NOI $75,641 @ 7.0% cap · market cap 6.88%
Second Best
Healthcare Medical
$1.05M
$921.4K – $1.23M
NOI $73,710 @ 7.0% cap · market cap 6.70%
Theoretical Best
Office A
$1.54M
$1.34M – $1.79M
NOI $107,578 @ 7.0% cap · market cap 9.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,382
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Medical Office Space - Corner-positioned facility includes exam rooms, treatment areas, laboratory space, and administrative areas.
Where is this medical office space located?
The property is located at 500 Juliette Pl Lafayette, LA.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Two‑story medical office building at Juliette Place and St. Thomas Street; Eight exam rooms plus a large treatment room; First‑floor waiting area with handicap‑accessible restroom
