Office Building with Private
For Sale
$675,000
Pending
617 S Buchanan Street, Lafayette, LA 70501
Commercial Sale, Lafayette, LA
Property Size3,000 SF
Lot Size0.21 Acres
Days on Market48
Property Features for 617 S Buchanan Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
CBD
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2
Parking
6
Parking features
Covered, Off Street
Exterior features
Door Sign
Subdivision
Old Corporation
Directions
From Johnston St, turn onto Jefferson St towards Downtown, take a left onto Vermilion St, then a right at the stop sign, the property will be down on your right.
Standard status
Pending
APN
6040932
Size
3,000 SF
Lot size
0.21 Acres
Taxes and HOA fees
Tax Description
P LOT 121 OLD CORPORATION (65X133.31X55.88X133.52)
Legal Description
P LOT 121 OLD CORPORATION (65X133.31X55.88X133.52)
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air
Water source
Public
Amenities
balcony
private courtyard
Building Details
Floors in Building
2
Flooring type
Wood
Building materials
Stucco
Roof type
Composition
Listing Agency:
Scout Real Estate Co.
(337) 443-0880
Listed By:
Jeff Landry · License #995682229
(337) 257-5380
Added: Aug 31
Changed: Oct 8
Last Checked: Oct 17 at 10:06PM
MLS# 2600008163
Copyright © 2026 Realtor Association of Acadiana. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 3,000-square-foot office building occupies a 0.21-acre lot in Lafayette’s CBD. Interior features include wood flooring and two bathrooms, with a balcony and private courtyard providing additional usable space. The exterior is stucco, and the building has central heating and air conditioning.
Covered and off-street parking are available. Public water and sewer serve the property, which is located at 617 S Buchanan Street.
Covered and off-street parking are available. Public water and sewer serve the property, which is located at 617 S Buchanan Street.
Key Highlights
- 3,000‑square‑foot office building on a 0.21‑acre lot
- CBD zoning
- Private courtyard and balcony
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,911
Cap Rate
5.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$698,220
$698.2K
Cap Rate 7%
$498,729
$498.7K
Cap Rate 9%
$387,900
$387.9K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$54.0K $18.00/SF
− Vacancy
−$7.5K −$2.48/SF
EGI
$46.5K $15.52/SF
− OpEx
−$11.6K −$3.88/SF
NOI
$34.9K $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%
$698,220
Cap Rate 7%
$498,729
Cap Rate 9%
$387,900
Alternative Uses
Best Use
Office B
$498.7K
$436.4K – $581.9K
NOI $34,911 @ 7.0% cap · market cap 5.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$709.3K
$620.6K – $827.5K
NOI $49,651 @ 7.0% cap · market cap 7.36%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,219
Businesses Nearby
Explore this area
Business Placement
Demographics for 70501, LA
28,721
Population
12,657
Households
2.3
Avg Household Size
38
Median Age
16%
College-Educated
78%
High-School Grad
15.3 sq mi
ZIP Area
1,877
Density / Sq Mi
$31,723
Median Household Income
$25,281
Median Earnings
$867
Median Rent
$117,200
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
Frequently Asked Questions
What type of property is this?
Office building - CBD-zoned office property offers a balcony and covered parking.
Where is this office building located?
The property is located at 617 S Buchanan Street Lafayette, LA.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: 3,000‑square‑foot office building on a 0.21‑acre lot; CBD zoning; Private courtyard and balcony
