Lafayette Office Building For
For Sale
Contact for pricing
701 Robley Drive, Lafayette, LA 70503
41,000 RSF office building with on-site management.
Property Size41,463 SF
Price / SF$0.00
Days on Market402
Property Features for 701 Robley Drive
General Information
Standard status
Active
Size
41,463 SF
Class
B
Property subtype
Office
Lease Term
Full Service
Building Details
Building Size
41,463 SF
Properties For Sale
at 701 Robley Drive Contact usSuite 115
Size
3,751 SF
Term
Negotiable
Suite 135
Size
2,815 SF
Term
Negotiable
Suite 137
Size
3,823 SF
Term
Negotiable
Listing Agency:
Lee & Associates
Listed By:
Ryan Polito, CCIM · License #995698987
(337) 578-5563
Source:
Lee-associates
Added: Sep 10, 2025
Changed: Oct 3
Last Checked: Oct 16 at 7:25AM
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 Lee & Associates
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Investment Insights
Based on property information with market context.
Terrace Centre is a full-service office building with approximately 41,000 rentable square feet. The property is located just off Ambassador Caffery Parkway and offers suites of varying sizes. On-site property management ensures well-kept common areas, providing tenants with a clean and inviting work environment. The building is situated in South-Central Lafayette on Robley Drive, at a lighted intersection near Ambassador Caffery Parkway. Its location is less than a mile from Johnston Street and approximately 1.5 miles from Kaliste Saloom Road, providing convenient access to various parts of Lafayette and its suburbs. The building's surroundings include several restaurants and retailers, and it is a short drive from the Acadiana Mall. Multiple access points to Ambassador Caffery Parkway facilitate easy ingress and egress.
Key Highlights
- Convenient location just off Ambassador Caffery Parkway with multiple access points.
- Full‑service leases available.
- On‑site property management.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$486,054
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,721,080
$9.7M
Cap Rate 7%
$6,943,629
$6.9M
Cap Rate 9%
$5,400,600
$5.4M
Market Conditions
NOI Build-Up for 41,768 SF
Gross rent
$751.8K $18.00/SF
− Vacancy
−$103.8K −$2.48/SF
EGI
$648.1K $15.52/SF
− OpEx
−$162.0K −$3.88/SF
NOI
$486.1K $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 Rate 5%
$9,721,080
Cap Rate 7%
$6,943,629
Cap Rate 9%
$5,400,600
Alternative Uses
Best Use
Office B
$6.94M
$6.08M – $8.10M
NOI $486,054 @ 7.0% cap · market cap 2,859,141.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$9.88M
$8.64M – $11.52M
NOI $691,277 @ 7.0% cap · market cap 4,066,335.29%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
669
Businesses Nearby
Explore this area
Business Placement
Demographics for 70503, LA
27,497
Population
13,052
Households
2.1
Avg Household Size
38
Median Age
55%
College-Educated
96%
High-School Grad
11.3 sq mi
ZIP Area
2,433
Density / Sq Mi
$94,360
Median Household Income
$54,170
Median Earnings
$1,087
Median Rent
$326,800
Median Home Value
Check the figures for this property
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 - 41,000 RSF office building with on-site management.
Where is this office building located?
The property is located at 701 Robley Drive Lafayette, LA.
What are key features of this property?
This property features: Convenient location just off Ambassador Caffery Parkway with multiple access points.; Full‑service leases available.; On‑site property management.
