Updated Office
605 Rue Du Belier, Lafayette, LA 70506
For Sale
$349,000
Six private offices, two restrooms, and Heavy Commercial zoning support a range of business uses.
Property Size1,598 SF
Price / SF$218.40
Days on Market25
Property Features for 605 Rue Du Belier
General Information
Standard status
Size
Additional Details
Tenant in Place
Property Use
Taxes and HOA fees
Annual Taxes
Listing Agency:
Real Broker, LLC
(337) 534-0555
Listed By:
Alison Periou · License #995709532
(337) 349-8596
Source:
Exprealty
Added: Oct 14
Changed: Nov 6
Last Checked: Nov 6 at 2:45PM
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 Real Broker, LLC
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 office property has six private offices, two restrooms, a reception area, kitchen space, and additional storage. Recent work includes a replacement septic system and water heater, plus one HVAC unit replaced in 2025; the other HVAC unit is approximately five years old. Parking lot work and landscaping have also been completed. The property occupies nearly an acre and has Heavy Commercial zoning. Existing rental income is reported, and the office is near shopping, medical facilities, and established neighborhoods.
Key Highlights
- Six private offices, two restrooms, reception area, kitchen space, and additional storage
- Heavy Commercial zoning on nearly an acre
- One HVAC unit replaced in 2025; the second is approximately five years old
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,596
Cap Rate
5.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$371,920
$371.9K
Cap Rate 7%
$265,657
$265.7K
Cap Rate 9%
$206,622
$206.6K
Market Conditions
NOI Build-Up for 1,598 SF
Gross rent
$28.8K $18.00/SF
− Vacancy
−$4.0K −$2.48/SF
EGI
$24.8K $15.52/SF
− OpEx
−$6.2K −$3.88/SF
NOI
$18.6K $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%
$371,920
Cap Rate 7%
$265,657
Cap Rate 9%
$206,622
Alternative Uses
Best Use
Office B
$265.7K
$232.5K – $309.9K
NOI $18,596 @ 7.0% cap · market cap 5.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$377.8K
$330.6K – $440.8K
NOI $26,448 @ 7.0% cap · market cap 7.58%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
132
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
$215,700
Median Home Value
Market
Average Price Trend$/SF for Office buildings in Lafayette, LA
Properties on Market for Office buildings in Lafayette
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Six private offices, two restrooms, and Heavy Commercial zoning support a range of business uses.
Where is this office building located?
The property is located at 605 Rue Du Belier Lafayette, LA.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: Six private offices, two restrooms, reception area, kitchen space, and additional storage; Heavy Commercial zoning on nearly an acre; One HVAC unit replaced in 2025; the second is approximately five years old
