Mixed-Use Medical Office
For Sale
$1,200,000
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$150
Days on Market42
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
(337) 233-9541
Listed By:
Maurice Hannie
(337) 233-9541
Source:
Lacdb.resimplifi
Added: Jul 20
Changed: Aug 29
Last Checked: Aug 29 at 11:47AM
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
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 = 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
$93,096
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
7.76%
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%
$1,861,920
$1.9M
Cap Rate 7%
$1,329,943
$1.3M
Cap Rate 9%
$1,034,400
$1.0M
Market Conditions
NOI Build-Up for 8,000 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
$144.0K $18.00/SF
− Vacancy
−$19.9K −$2.48/SF
EGI
$124.1K $15.52/SF
− OpEx
−$31.0K −$3.88/SF
NOI
$93.1K $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%
$1,861,920
Cap Rate 7%
$1,329,943
Cap Rate 9%
$1,034,400
Alternative Uses
Best Use
Office B
$1.33M
$1.16M – $1.55M
NOI $93,096 @ 7.0% cap · market cap 7.76%
Second Best
Mixed Use
$1.32M
$1.16M – $1.54M
NOI $92,400 @ 7.0% cap · market cap 7.70%
Theoretical Best
Office A
$1.89M
$1.66M – $2.21M
NOI $132,403 @ 7.0% cap · market cap 11.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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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 is the asking price?
The asking price for this property is $1,200,000.
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
