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204 Energy Pkwy Lafayette, LA 70508-3816

OFF-MARKET Office Spaces Google Maps
54,000 SF 7.38 ac lot Built 1994
Entity Owned Free & Clear
Estimated value (blended)
$6.72M
Range $6.05M – $7.39M (±10%)
Property ID US36-1123088

Property summary

AI-generated overview

This exceptional investment opportunity presents a 53,290 square foot medical facility in Lafayette, Louisiana, currently 100% occupied by Sage Specialty Hospital, a part of The Carpenter Health Network. The property sits on a 53,290 square foot lot at 204 Energy Pkwy, 70508, enjoying a prime location near Highway 90, boasting an average daily traffic count of 54,522 vehicles. The hospital benefits from its proximity to major medical facilities like Ochsner Lafayette General Medical Center (334+ beds) and the University of Louisiana (16,200+ students). The NNN lease, commenced March 17, 2022, has a remaining term of 12.3 years, extending to March 16, 2037, with built-in 2% annual rent increases. The current asking price is $8,453,185, representing a compelling 6.40% cap rate and a price per square foot of $158.63. The property's strong NOI of $541,003 reflects the stability and profitability of this investment. The building, constructed in 1994, serves a substantial 5-mile population of 137,728 with an average household income of $90,125. The lease includes two 5-year options, each with 2% annual rent increases. Sage Specialty Hospital (LTAC) provides specialized care for patients with complex medical needs, further enhancing the property's long-term value. The surrounding area includes numerous national retailers such as Walmart, Dollar General, Starbucks, Taco Bell, Office Depot, and Outback Steakhouse, indicating a thriving commercial environment. This is a turnkey investment in a high-growth area with a strong tenant and a secure, long-term lease. The business itself is not for sale

Property profile

Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1994
Total area 54,000 SF
Lot 7.38 ac (321,255 SF)
APN 6129186
UPID US36-1123088

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Hospital
  • Hospital
  • Physician

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$5.98M
CAP Approach CAP
by Request
Comparable Approach Comparable
$5.00M
Blend (final) Blend
$6.72M

Owner & transaction history

since 2025
Last sale
$7.9M
1 recorded transaction
2025
$7.9M

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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