Freestanding Medical
For Sale
Contact for pricing
609 Guilbeau Rd, Lafayette, LA 70506
Updated professional facility with direct access to major regional routes and nearby orthopedic healthcare destinations.
Property Size6,000 SF
Price / SF$0.00
Days on Market104
Property Features for 609 Guilbeau Rd
General Information
Standard status
Active
Size
6,000 SF
Total Parking Spaces
35
Property subtype
Office
Zoning
CM-1
Site & Location
Highway Access
Yes
Road Access
Yes
Amenities
35 Parking Spaces
Building Details
Buildings
1
Building Size
6,000 SF
Listing Agency:
Kinetic Brokerage
Listed By:
Burton Richard · License #995700828
(337) 654-1973
Source:
Lacdb.resimplifi
Added: Jul 5
Changed: Oct 14
Last Checked: Oct 14 at 7:49PM
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 Kinetic Brokerage
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Investment Insights
Based on property information with market context.
This freestanding medical office property provides approximately 6,000 SF of professional space in Lafayette. The building has been freshly painted and updated throughout, and its prior use as an eye-care center supports continued medical or general professional office use. The property is presented in excellent condition and includes on-site parking.
The site offers access to Interstate 10 and Ambassador Caffery Parkway, with visibility along Guilbeau Rd. Ochsner Lafayette General Orthopedic Hospital and Andrews Orthopedics & Sports Medicine Institute are located nearby, placing the property within an established healthcare-oriented setting. CM-1 zoning is in place.
The site offers access to Interstate 10 and Ambassador Caffery Parkway, with visibility along Guilbeau Rd. Ochsner Lafayette General Orthopedic Hospital and Andrews Orthopedics & Sports Medicine Institute are located nearby, placing the property within an established healthcare-oriented setting. CM-1 zoning is in place.
Key Highlights
- Approximately 6,000 SF freestanding medical/professional office building
- Fresh paint and updates throughout the building
- Previously occupied by Bohn, Joseph & Swan Eye Center
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,040
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,360,800
$1.4M
Cap Rate 7%
$972,000
$972.0K
Cap Rate 9%
$756,000
$756.0K
Market Conditions
NOI Build-Up for 6,000 SF
Gross rent
$126.0K $21.00/SF
− Vacancy
−$12.6K −$2.10/SF
EGI
$113.4K $18.90/SF
− OpEx
−$45.4K −$7.56/SF
NOI
$68.0K $11.34/SF
Area
Lafayette, LA
Vacancy
10.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,360,800
Cap Rate 7%
$972,000
Cap Rate 9%
$756,000
Alternative Uses
Best Use
Office B
$997.5K
$872.8K – $1.16M
NOI $69,822 @ 7.0% cap · market cap 465,480.00%
Second Best
Healthcare Medical
$972.0K
$850.5K – $1.13M
NOI $68,040 @ 7.0% cap · market cap 453,600.00%
Theoretical Best
Office A
$1.42M
$1.24M – $1.66M
NOI $99,302 @ 7.0% cap · market cap 662,013.33%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
793
Businesses Nearby
Balanced
Demand for This Use
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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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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- Broussard Scott J DVM — 2700 Ambassador Caffery Pkwy, Lafayette, LA 70506
- Lafayette Animal Emergency: Moreau John D DVM — 206 Winchester Dr, Lafayette, LA 70506
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Updated professional facility with direct access to major regional routes and nearby orthopedic healthcare destinations.
Where is this medical office space located?
The property is located at 609 Guilbeau Rd Lafayette, LA.
What are key features of this property?
This property features: Approximately 6,000 SF freestanding medical/professional office building; Fresh paint and updates throughout the building; Previously occupied by Bohn, Joseph & Swan Eye Center
