Mixed-Use Medical Office
For Sale
Contact for pricing
620 Guilbeau Rd, Lafayette, LA 70506
Partially leased property with medical improvements, flexible office areas, and on-site parking.
Property Size8,000 SF
Price / SF$0.00
Days on Market89
Property Features for 620 Guilbeau Rd
General Information
Standard status
Active
Size
8,000 SF
Total Parking Spaces
80
Property subtype
Office
Zoning
MN-1
Amenities
Power
Water
Sewer
80 Parking Spaces
Building Details
Year Built
2001
Listing Agency:
NAI Rampart Commercial Real Estate Lafayette
Listed By:
Maurice Hannie
(337) 233-9541
Source:
Lacdb.resimplifi
Added: Jul 20
Changed: Oct 2
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 NAI Rampart Commercial Real Estate Lafayette
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Investment Insights
Based on property information with market context.
Located at 620 Guilbeau Rd in Lafayette, this 8,000-square-foot mixed-use office property was built in 2001 and includes existing medical and pharmacy improvements. The building contains reception space, private offices, consultation rooms, work areas, secure storage, and security and surveillance systems within a flexible professional layout.
A 3,900-square-foot portion is leased to a long-term tenant, while the remaining 4,100 square feet is available for owner occupancy or lease. The available area can accommodate medical, pharmacy, professional office, retail, or service uses, subject to applicable requirements. On-site parking, established building infrastructure, and the existing configuration support a range of professional operations.
A 3,900-square-foot portion is leased to a long-term tenant, while the remaining 4,100 square feet is available for owner occupancy or lease. The available area can accommodate medical, pharmacy, professional office, retail, or service uses, subject to applicable requirements. On-site parking, established building infrastructure, and the existing configuration support a range of professional operations.
Key Highlights
- 8,000 SF mixed‑use office building built in 2001
- 3,900 SF leased to a long‑term tenant
- 4,100 SF available for owner occupancy or lease
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$90,720
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,814,400
$1.8M
Cap Rate 7%
$1,296,000
$1.3M
Cap Rate 9%
$1,008,000
$1.0M
Market Conditions
NOI Build-Up for 8,000 SF
Gross rent
$168.0K $21.00/SF
− Vacancy
−$16.8K −$2.10/SF
EGI
$151.2K $18.90/SF
− OpEx
−$60.5K −$7.56/SF
NOI
$90.7K $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%
$1,814,400
Cap Rate 7%
$1,296,000
Cap Rate 9%
$1,008,000
Alternative Uses
Best Use
Office B
$1.33M
$1.16M – $1.55M
NOI $93,096 @ 7.0% cap · market cap 620,640.00%
Second Best
Mixed Use
$1.32M
$1.16M – $1.54M
NOI $92,400 @ 7.0% cap · market cap 616,000.00%
Theoretical Best
Office A
$1.89M
$1.66M – $2.21M
NOI $132,403 @ 7.0% cap · market cap 882,686.67%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
820
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
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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?
Mixed-use property - Partially leased property with medical improvements, flexible office areas, and on-site parking.
Where is this mixed-use property located?
The property is located at 620 Guilbeau Rd Lafayette, LA.
What are key features of this property?
This property features: 8,000 SF mixed‑use office building built in 2001; 3,900 SF leased to a long‑term tenant; 4,100 SF available for owner occupancy or lease
