Office Building with Private
For Sale
$219,999
Pending
1014 W University Avenue, Lafayette, LA 70506
Commercial Sale, Lafayette, LA
Property Size1,400 SF
Lot Size0.22 Acres
Days on Market17
Property Features for 1014 W University Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
MN-1
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1
Parking
7
Parking features
Parking Lot
Lot features
Rolling Slope
Directions
North on University towards Congress. Office is on right before Lafayette Middle School
Subdivision
G3
Standard status
Pending
APN
6025063
Size
1,400 SF
Lot size
0.22 Acres
Additional Details
Property Use
Office
Condition
Move-in Ready
Taxes and HOA fees
Tax Description
4830-80-10030-80-15184 & 80-15185- P LOT 5 ALL LOTS 6-27 & 28 & S 17 FT LOT 7 BLK 3 SOUVENIR HEIGHTS SUB (54.5X64X11X161.8 ON COLLEGE AVE)
Tax Annual Amount
1513
Legal Description
4830-80-10030-80-15184 & 80-15185- P LOT 5 ALL LOTS 6-27 & 28 & S 17 FT LOT 7 BLK 3 SOUVENIR HEIGHTS SUB (54.5X64X11X161.8 ON COLLEGE AVE)
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air
Water source
Public
Amenities
reception area
client bathroom
built-in reception desk
sliding glass window
storage cabinetry
galley kitchen
technology closet
private offices
employee bathroom with shower
professionally manicured live oak trees
Building Details
Floors in Building
1
Flooring type
Wood, Carpet, Tile - Ceramic
Building materials
Frame
Roof type
Composition
Listing Agency:
Keaty Real Estate Team
(337) 235-7770
Listed By:
Tyler Albrecht · License #0995697749
(337) 780-9698
Added: Oct 7
Changed: Oct 23
Last Checked: Oct 23 at 3:06PM
MLS# 2600009464
Copyright © 2026 ROAM MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,400-square-foot office building at 1014 W University Avenue in Lafayette has a reception area with a built-in desk and sliding window, four private offices, a galley kitchen, and a technology closet. Two bathrooms serve the space, including an employee bathroom with a shower. The property sits on a 0.22-acre lot and includes a seven-car concrete parking area. Recent work includes interior painting, attic insulation, and whirlybird vents. The central HVAC system is regularly serviced, and the electrical and plumbing systems are described as up to date.
The property is positioned between Downtown Lafayette and the Saint Streets, along the Cathedral-Carmel school pickup line. It is zoned MN-1 and served by public water and sewer.
The property is positioned between Downtown Lafayette and the Saint Streets, along the Cathedral-Carmel school pickup line. It is zoned MN-1 and served by public water and sewer.
Key Highlights
- 1,400‑square‑foot office building with four private offices
- Seven‑car concrete parking area on a 0.22‑acre lot
- Reception area, galley kitchen, and technology closet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,292
Cap Rate
7.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$325,840
$325.8K
Cap Rate 7%
$232,743
$232.7K
Cap Rate 9%
$181,022
$181.0K
Market Conditions
NOI Build-Up for 1,400 SF
Gross rent
$25.2K $18.00/SF
− Vacancy
−$3.5K −$2.48/SF
EGI
$21.7K $15.52/SF
− OpEx
−$5.4K −$3.88/SF
NOI
$16.3K $11.64/SF
Area
Lafayette, LA
Vacancy
13.80%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$325,840
Cap Rate 7%
$232,743
Cap Rate 9%
$181,022
Alternative Uses
Best Use
Office B
$232.7K
$203.7K – $271.5K
NOI $16,292 @ 7.0% cap · market cap 7.41%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$331.0K
$289.6K – $386.2K
NOI $23,171 @ 7.0% cap · market cap 10.53%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,927
Businesses Nearby
Explore this area
Business Placement
Demographics for 70506, LA
39,801
Population
20,296
Households
2
Avg Household Size
36
Median Age
37%
College-Educated
91%
High-School Grad
20.8 sq mi
ZIP Area
1,914
Density / Sq Mi
$55,553
Median Household Income
$38,764
Median Earnings
$1,024
Median Rent
$215,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - The interior combines a client reception area with a galley kitchen, technology closet, and employee facilities.
Where is this office building located?
The property is located at 1014 W University Avenue Lafayette, LA.
What is the asking price?
The asking price for this property is $219,999.
What are key features of this property?
This property features: 1,400‑square‑foot office building with four private offices; Seven‑car concrete parking area on a 0.22‑acre lot; Reception area, galley kitchen, and technology closet
