Garden-Style Office Building For
For Sale
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5000 Ambassador Caffery Pkwy, Lafayette, LA 70508
Well-maintained office building near Our Lady of Lourdes campus.
Property Size5,120 SF
Price / SF$385.74
Days on Market166
Property Features for 5000 Ambassador Caffery Pkwy
General Information
Standard status
Active
Size
5,120 SF
Class
C
Property subtype
Office
Zoning
CH
Building Details
Year Built
2009
Listing Agency:
Lee & Associates - Lafayette
(337) 578-5563
Listed By:
Clinton Shepard · License #LA SALE.0995690388-ACT
Source:
Crexi
Added: Mar 20
Changed: Aug 8
Last Checked: Aug 8 at 6:30AM
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 Lee & Associates - Lafayette
Investment Insights
Based on property information with market context.
Building 6 in Province Office Park is a garden-style office building with a total area of 5,120 square feet. The building is divided into two suites, each measuring approximately 2,560 square feet. Each suite includes seven private offices, a conference room, a kitchen, a file room, and multiple restrooms. The property's layout is designed for efficiency and functionality. It is located directly across from Our Lady of Lourdes’ main campus, making it suitable for professional services or medical use. This property is an opportunity for either an owner-occupant or an investor and is subject to association dues.
Key Highlights
- Prime Location directly across from Our Lady of Lourdes’ main campus.
- Functional Layout: Features two suites, each with seven private offices, conference room, kitchen, file room, and multiple restrooms.
- Well‑Maintained garden‑style office building in excellent condition.
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
$59,581
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
3.02%
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%
$1,191,620
$1.2M
Cap Rate 7%
$851,157
$851.2K
Cap Rate 9%
$662,011
$662.0K
Market Conditions
NOI Build-Up for 5,120 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
$92.2K $18.00/SF
− Vacancy
−$12.7K −$2.48/SF
EGI
$79.4K $15.52/SF
− OpEx
−$19.9K −$3.88/SF
NOI
$59.6K $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%
$1,191,620
Cap Rate 7%
$851,157
Cap Rate 9%
$662,011
Alternative Uses
Best Use
Office B
$851.2K
$744.8K – $993.0K
NOI $59,581 @ 7.0% cap · market cap 3.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.21M
$1.06M – $1.41M
NOI $84,738 @ 7.0% cap · market cap 4.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
917
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Well-maintained office building near Our Lady of Lourdes campus.
Where is this office building located?
The property is located at 5000 Ambassador Caffery Pkwy Lafayette, LA.
What is the asking price?
The asking price for this property is $1,975,000.
What are key features of this property?
This property features: Prime Location directly across from Our Lady of Lourdes’ main campus.; Functional Layout: Features two suites, each with seven private offices, conference room, kitchen, file room, and multiple restrooms.; Well‑Maintained garden‑style office building in excellent condition.
