802 Farrel RdLafayette, LA 70508

Property Details for 802 Farrel Rd

Year built

2010

Lot size

0.67 AC

Property size (Sq ft)

7,164 SF

Property type

Office properties

Property subtype

Other office properties

APN

6052022

APU

6052022

Description

This exceptional Class A office space, located at 802 E Farrel Rd, Suite 102, Lafayette, LA 70508, offers 4,000 square feet of versatile space ideal for a variety of professional uses. Situated in Lafayette Parish, this single-tenant occupancy property within a single-story building provides a unique opportunity. The space boasts a thoughtfully designed waiting area and a separate check-in lobby, creating a professional and welcoming atmosphere. Currently configured with two dedicated professional offices and three large work areas, the layout offers significant flexibility. The space can easily accommodate the creation of up to five or six additional offices, allowing for expansion and growth. Its premium location and high-end finishes make it particularly well-suited for medical practices or other high-profile professional businesses. The existing tenant in the adjacent space fosters a sense of community and collaboration. This property presents a rare opportunity to secure a well-appointed, spacious, and conveniently located office in a thriving Lafayette business environment. The property is categorized as Executive Office, Medical Office, and Coworking space, offering adaptability to various business models.

• CAP approach

  CAP return

  Valuation

  6%

  $981,659

  6.5%

  $906,147

  7%

  $841,422

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,353,134

  Geo Method

  $2,144,830

• Alternative Use

  Use

  Valuation

  Residential

  $1,123,622

  Hospitality

  $1,029,232

  Educational

  $856,309

  Medical

  $885,759

  Retail

  $1,332,036

Location Insight

City

Lafayette

County

Lafayette

State

Louisiana

Latitude

30.1449

Longitude

-92.0337

CBSA code

29180

CBSA name

LAFAYETTE, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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