Downtown Office Suite with
For Sale
Contact for pricing
718 S Buchanan St, Lafayette, LA 70501
Suite A offers a reception area, offices, open workspace, and private bath with covered off-street parking.
Property Size12,000 SF
Price / SF$0.01
Days on Market139
Property Features for 718 S Buchanan St
General Information
Standard status
Active
Size
12,000 SF
Class
B
Property subtype
Office
Lease Term
$13 SF/yr (MG)
Building Details
Building Size
12,000 SF
Properties For Sale
at 718 S Buchanan St
Suite A
Size
1,500 SF
Term
Negotiable
Listing Agency:
Elifin Realty
Listed By:
Mark Johns · License #995715972
(501) 513-7394
Source:
Elifinrealty
Added: Jun 2
Changed: Oct 4
Last Checked: Oct 16 at 7:18AM
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 Elifin Realty
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Investment Insights
Based on property information with market context.
Suite A at 718 S Buchanan St provides approximately 1,500 square feet of office space designed for a functional day-to-day operation. The layout includes a reception and waiting area to greet clients, two dedicated offices for private work, and an open workspace that supports collaboration or flexible staffing. A private bathroom is also included for added convenience. The suite can accommodate tenant-selected flooring enhancements, allowing for practical customization to fit your workplace standards. Covered, off-street parking is included, which can help reduce daily friction for employees and visitors.
The property is positioned in the heart of downtown Lafayette, placing it within easy walking distance of shopping, dining, and cultural attractions. This central setting can be an advantage for professional services that benefit from proximity to established amenities and regular foot traffic from the surrounding district.
This suite is well-suited for a range of office users seeking an on-site reception, a mix of private and open work areas, and parking that is more convenient than curb-only options. For tenants or buyers looking for a downtown foothold with the ability to tailor finishes, Suite A offers a straightforward office configuration with the basics already in place.
The property is positioned in the heart of downtown Lafayette, placing it within easy walking distance of shopping, dining, and cultural attractions. This central setting can be an advantage for professional services that benefit from proximity to established amenities and regular foot traffic from the surrounding district.
This suite is well-suited for a range of office users seeking an on-site reception, a mix of private and open work areas, and parking that is more convenient than curb-only options. For tenants or buyers looking for a downtown foothold with the ability to tailor finishes, Suite A offers a straightforward office configuration with the basics already in place.
Key Highlights
- Suite A at 718 S Buchanan St offers 1,500 SF of office space in downtown Lafayette
- Layout includes reception/waiting area, two offices, an open workspace, and a private bathroom
- Lease includes covered off‑street parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,456
Suggested Prices Based on Cap Rates
Cap Rate 5%
$349,120
$349.1K
Cap Rate 7%
$249,371
$249.4K
Cap Rate 9%
$193,956
$194.0K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$27.0K $18.00/SF
− Vacancy
−$3.7K −$2.48/SF
EGI
$23.3K $15.52/SF
− OpEx
−$5.8K −$3.88/SF
NOI
$17.5K $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%
$349,120
Cap Rate 7%
$249,371
Cap Rate 9%
$193,956
Alternative Uses
Best Use
Office B
$249.4K
$218.2K – $290.9K
NOI $17,456 @ 7.0% cap · market cap 134,276.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$354.7K
$310.3K – $413.8K
NOI $24,826 @ 7.0% cap · market cap 190,969.23%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
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 units - Suite A offers a reception area, offices, open workspace, and private bath with covered off-street parking.
Where is this office units located?
The property is located at 718 S Buchanan St Lafayette, LA.
What are key features of this property?
This property features: Suite A at 718 S Buchanan St offers 1,500 SF of office space in downtown Lafayette; Layout includes reception/waiting area, two offices, an open workspace, and a private bathroom; Lease includes covered off‑street parking
