Property profile

129 Demanade Blvd Lafayette, LA 70503

OFF-MARKET
Office Spaces
Property ID
US36-1051232
6,919 SF 0.47 ac lot Built 1970
Entity Owned 1-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 6,861-square-foot office building in Lafayette, Louisiana's prestigious Oil Center, presents a unique investment opportunity. Situated on a 0.47-acre lot at 129 Demanade Boulevard, 70503, this single-tenant property boasts a striking stucco facade and floor-to-ceiling windows, maximizing natural light and offering stunning courtyard views. The building's interior features 23 individual offices, several spacious executive suites, a well-equipped conference room, a kitchen, a copy room, and an IT room. Its prime location provides easy access to Girard Park, downtown Lafayette, and major thoroughfares, ensuring convenient commutes for employees. The Oil Center's vibrant atmosphere offers a wealth of amenities, including upscale restaurants, the Petroleum Club, shops, banks, medical facilities (including Ochsner Hospital), and various entertainment options. Furthermore, the property benefits from its proximity to significant medical expenditure areas, making it highly suitable for medical office use. An attached Oil Center Redevelopment Plan highlights the property's considerable future growth potential. This is a truly remarkable property, ideal for a discerning buyer seeking a high-quality, well-located office space in a thriving business district. The building's versatile layout and prime location make it suitable for a variety of uses, including traditional office, executive office, and medical office spaces.

Property profile

Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1970
Total area 6,919 SF
Lot 0.47 ac (20,647 SF)
APN 6091249
UPID US36-1051232

Cap rate & NOI

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

Location

129 Demanade Blvd Lafayette, LA 70503-2507
Lafayette metro Census 1500 LAFAYETTE, LA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$785k
CAP Approach CAP
by Request
Comparable Approach Comparable
$617k
Blend (final) Blend
$745k

Owner & transaction history

since 2025
Last sale
$875,000
3 recorded transactions
2025
$875,000
2014
Price N/A
2013
$500,000

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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