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Property profile

1245-L College Rd Lafayette, LA 70503

OFF-MARKET
Office Spaces
4,000 SF
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Property summary

AI-generated overview

This exceptional commercial property, located at 1245-L S College Road in Lafayette, Louisiana, presents a unique opportunity for businesses seeking a prestigious office space or build-to-suit development. The property is zoned B-1 and offers a total of 4,000 square feet of office space. The existing building is part of a professionally managed office park in the heart of Lafayette's Oil Center, boasting a West Indies architectural style with attractive courtyards, landscaping, and fountains. For those seeking new construction, five remaining build-to-suit sites are available within the condo office park, each customizable to meet specific business needs. These sites range from 0 to 0.5 acres. Complete turnkey options are available. Proposed construction costs are $250 per square foot, inclusive of land. The final price will be determined based on the specific land requirements and building specifications. The property features 110-volt electrical service. This is an ideal location for businesses seeking a high-quality, well-maintained office environment in a thriving commercial district. The property's address is 1245-L S College Road, Lafayette, LA 70503. The existing building is priced at $65 per square foot.

Property profile

Verified
Property type Office Spaces
Total area 4,000 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1245-L College Rd Lafayette, LA 70503
Lafayette metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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