Financial
Distress signals
Property profile

802 E Farrel Rd Lafayette, LA 70508

FOR LEASE
Office Spaces
Property ID
US36-0870528
7,164 SF 0.67 ac lot Built 2010
Last sale Oct 2010 · $1,528,251
Entity Owned Owner of record is a legal entity (LLC / corporation). 15-yr Hold Held for 15 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

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

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$17k
Tax billed · 2023
Assessed value$158k
Assessed land$12k
Assessed improvement$146k
Effective rate10.47%

Value estimate

· Sep 2026
$950k
$855k – $1.05M
CAP approach$1.28M
Submarket $/SF estimate$802k
NOI build-up
Gross scheduled income$84k
Vacancy & credit loss−$8k
Operating expenses−$30k
NOI · 802.12% cap applied$45k

Realmo valuation models over county records and 6 qualifying comparable sales.

Recently sold

What actually traded nearby?
$157/SF
ZIP average, outlier-cleaned · 73 recorded sales of this use type
Observed band · Q1–Q3$93 – $221
Qualifying comparables6

Cap rate analysis

How does the asset earn?
802.12%
$45k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionLAFAYETTE

Location intelligence

Which uses thrive at this corner?
Best fit: Building Supply
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Building Supply22.9
Realty agency20.4
Wholesale Shop19.2

Location

802 E Farrel Rd Lafayette, LA 70508
County assessor Recorded deeds · 5 transfers 6 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
210 Rue Fontaine, Lafayette, LA 70508-5743 $318,750 Feb 2026 7,653 SF
Evangeline Thru, Lafayette, LA 70508 $1,100,000 Feb 2026 6,263 SF
1031 Camellia, Lafayette, LA 70508-6679 $2,000,000 Aug 2024 5,533 SF
1 Flagg, Lafayette, LA 70508-7064 $405,439 Mar 2024 8,500 SF
301 Rue Beauregard, Lafayette, LA 70508-8520 $1,000,000 Nov 2023 6,080 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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