1304 Bertrand DrLafayette, LA 70506

Property Details for 1304 Bertrand Dr

Year built

1982

Lot size

1.54 AC

Property size (Sq ft)

7,280 SF

Property type

Office properties

Property subtype

Other office properties

APN

6015215

APU

6015215

Description

This exceptional office space, located at 1304 Bertrand Drive in Lafayette, Louisiana, offers 1,500 square feet of well-designed, traditional office space. The suite boasts an efficient layout, including multiple private offices, a welcoming lobby/reception area, restrooms, and a convenient kitchenette. Its central Lafayette location provides easy access to the University of Louisiana at Lafayette (ULL), approximately 7 minutes away. The property benefits from ample parking directly in front, ensuring convenient access for employees and clients. Recent improvements include roof replacements completed in 2017 and ongoing cosmetic renovations, reflecting a commitment to maintaining a high-quality environment. Tenants enjoy the convenience of on-site management and maintenance services, simplifying day-to-day operations. The lease is a Modified Gross type, with tenants responsible for electricity and janitorial services. This property is ideal for businesses seeking a professional, well-maintained, and conveniently located office space in Lafayette. The building offers easy access via walkways and staircases. A lease brochure is available for review.

• CAP approach

  CAP return

  Valuation

  6%

  $997,580

  6.5%

  $920,843

  7%

  $855,068

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,375,044

  Geo Method

  $2,179,559

• Alternative Use

  Use

  Valuation

  Residential

  $1,141,845

  Hospitality

  $1,045,924

  Educational

  $870,196

  Medical

  $900,124

  Retail

  $1,353,639

Location Insight

City

Lafayette

County

Lafayette

State

Louisiana

Latitude

30.2216

Longitude

-92.0491

CBSA code

29180

CBSA name

LAFAYETTE, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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