Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    801-803 W University Ave Lafayette, LA 70506

    Sponsored
    For Lease
    $12 SF/Yr ($4,173 /Mo)

    Professional/Office,Retail,Shopping Center - Lafayette, LA

    Property size:
    4,174 SF
    Lot size:
    0.26 Acres
    Days on Market:
    59
    Last Refresh:
    Feb 13 at 1:06 am

    Property Features for 801-803 W University Ave

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Mn1
    Parking
    12
    Parking features
    On Street
    Exterior features
    Door Sign
    Size
    4,174 SF
    Lot size
    0.26 Acres

    Utilities

    Heating system
    Central, Natural Gas
    Cooling system
    Central Air

    Building Details

    Floors in Building
    1
    Building materials
    Block, Brick
    Architectural style
    Other

    We can help!

    Listing Contact
    Lisa Viator

    The Gleason Group (337) 262-7873

    Listing agent Lisa Viator (337) 262-7873

    Listing date Dec 17, 2025

    MLS# 24010687 Listing URL

    Copyright © 2026 Realtor Association of Acadiana. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Lafayette Retail or Gym Space

    This 4173.88-square-foot space is suitable for retail, an athletic gym, or a dance studio. Located in a high-traffic area, the property offers build-to-suit options from the landlord. Additional space is available. The property is zoned Mn1 and is situated on a 0.26-acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lafayette
    County
    Lafayette
    State
    Louisiana
    Longitude
    -92.0246911
    Latitude
    30.2212832

    Nearby Similar for Lease

    • $4,050 /Mo
      2,700 SF

      Lafayette Restaurant/Retail/Office Space Available

      Prime commercial space suitable for restaurant, retail, or office use.
      803 W Pinhook Rd, Lafayette, LA 70503
      View Details
    • $1,250 /Mo
      553 SF

      Downtown Lafayette Office Space Available

      Premium downtown Lafayette office space with utilities included.
      905 Jefferson St, Lafayette, LA 70501
      View Details
    • $550 /Mo
      737 SF

      Downtown Lafayette Office Space Available

      737 SF office space in downtown Lafayette for rent.
      905 Jefferson St, Lafayette, LA 70501
      View Details
    • $5,000 /Mo
      900 SF

      Downtown Lafayette Office Space Available

      Corner office space with natural light in downtown Lafayette.
      905 Jefferson St, Lafayette, LA 70501
      View Details
    • $1,350 /Mo
      551 SF

      Downtown Lafayette Office Space Available

      Premium office space in vibrant downtown Lafayette location.
      905 Jefferson St, Lafayette, LA 70501
      View Details
    • New
      $400 /Mo
      150 SF

      Furnished Office Space For Rent

      Furnished coworking space with utilities included, near airport and eateries.
      516 Verot School Rd, Lafayette, LA 70508
      View Details
    • $3,100 /Mo
      4,268 SF

      Historic Chapel Event Venue Rental

      Unique wedding and event venue in Maurice, Louisiana.
      8001 Woodlawn Rd, Maurice, LA 70555
      View Details
    • $24 SF/Yr
      4,500 SF

      Lafayette Office Space with Drive-Thru

      New development offering office and restaurant space with drive-thru.
      1206 E Broussard Rd, Lafayette, LA 70508
      View Details
    • $1,200 /Mo
      21,780 SF

      Downtown Lafayette Office Spaces Available

      Private offices in historic downtown Lafayette building with all-inclusive lease.
      120 Caillouet Pl, Lafayette, LA 70501
      View Details
    • $18 SF/Yr
      3,952 SF

      Renovated Office Space in Lafayette

      Newly renovated office space in the Oil Center.
      120 Oil Center Dr, Lafayette, LA 70503
      View Details
    • $15 SF/Yr
      4,519 SF

      Lafayette Office Space For Rent

      Well-maintained office building in Lafayette's Corporate Boulevard corridor.
      206 Magnate Dr, Lafayette, LA 70508
      View Details
    • $10,000 /Mo
      3,640 SF

      Restaurant Location on Ambassador Caffery

      Restaurant space for lease on a high-traffic thoroughfare.
      3136 Ambassador Caffery Pkwy, Lafayette, LA 70506
      View Details

    FAQs

    What type of property is this?
    Retail space - High-traffic retail space with build-to-suit options.
    Where is this retail space located?
    The property is located at 801-803 W University Ave Lafayette, LA.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: - High traffic area; - Landlord will build to suit; - Great space for retail, athletic gym, dance studio, etc.
    (337) 849-5504
    Request Owner's contact information
    801-803 W University Ave Lafayette, LA 70506
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    801-803 W University Ave
    Lafayette, LA 70506
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    801-803 W University Ave Lafayette, LA 70506
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Lisa Viator
    Real Estate License ID: 912122026
    (337) 849-5504 (337) 233-9540 (337) 262-7873
    Learn more
    Google sign-in failed. Please try again or use another login method.