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    1600 Camellia Blvd Lafayette, LA 70508

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    For Lease
    Contact for pricing

    New Construction, Prime Location, Flexible Suites

    Lot size:
    5,300 SF

    Property Features for 1600 Camellia Blvd

    General Information

    Property type
    Coworking space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    5,300 SF
    Class
    A
    Total Rate
    17666.67

    Building Details

    Year Built
    2023
    Buildings
    10

    Spaces For Lease

    at 1600 Camellia Blvd, Lafayette, LA 70508 Contact us
    Unit Suite: B

    $50 /Mo

    Size
    1,810 SF
    Contact us
    Unit Suite: BC

    $50 /Mo

    Size
    4,180 SF
    Contact us
    Unit Suite: C

    $50 /Mo

    Size
    2,370 SF
    Contact us

    We can help!

    Listing Contact
    Diana Stephens
    Diana Stephens

    Listing Agency: SCOUT Real Estate Company Listing Agent: Diana Stephens

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional Class A office building, newly constructed in 2023, offers 5,300 square feet of versatile space in Lafayette, Louisiana. Located at 1600 Camellia Blvd, this property boasts high visibility on Camellia Blvd, near major amenities including Rouse's, Chimes Restaurant, River Ranch, and Our Lady of Lourdes Hospital. The building features 10 individual units, with available suites ranging from 1,810 to 4,180 contiguous square feet, perfect for executive offices, medical practices, coworking spaces, or traditional office setups. The property sits on 4.99 acres of land and includes 243 parking spaces (8 ADA compliant). The CM-1 zoning allows for a variety of commercial uses. The building offers convenient drive-up parking and flexible floor plans adaptable to various business needs. Owners may approve customization of office finishes. Purchase price ranges from $525 to $550 per square foot, while lease rates are $40 to $50 per square foot, NNN. The property is ready for occupancy approximately six months after lease or purchase agreement execution. The APN is 6173167. This is a unique opportunity to secure a prime location in a thriving Lafayette submarket (G1).
    Property Profile Location Intelligence

    Current Use by Public Records

    Advanced Endodontics-Lafayette Dental Office Dr. Brent M. ... Dental Office Kent Design Build, ... Construction Company

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lafayette
    County
    Lafayette
    State
    Louisiana
    Longitude
    -92.031442669266
    Latitude
    30.163076650515

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    FAQs

    What type of property is this?
    Coworking space - New Construction, Prime Location, Flexible Suites
    Where is this coworking space located?
    The property is located at 1600 Camellia Blvd Lafayette, LA.
    What is the lease rate?
    The lease rate is $50 SF/Yr.
    What are key features of this property?
    This property features: 5-acre medical/professional office park under construction on Camellia Blvd, between Kaliste Saloom Rd and Verot School Rd.; High-visibility Camellia Blvd frontage.; Standalone building with ample drive-up parking.
    (225) 235-5755 Call to check price and availability
    Request Owner's contact information
    1600 Camellia Blvd Lafayette, LA 70508
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    Lafayette, LA 70508
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1600 Camellia Blvd Lafayette, LA 70508
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    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Diana Stephens
    Diana Stephens
    (225) 235-5755 (337) 443-0880
    Learn more
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