Property profile

111 Watermark Dr Lafayette, LA 70501

FOR SALE
Residential land & home lots
Property ID
US36-0786123
13,503 SF
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111 Watermark Dr, Lafayette, LA 70501 For Sale
Contact for pricing 13,503 SF
111 Watermark Dr, Lafayette, LA 70501
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Property summary

AI-generated overview

Build or place your new home in Carmel Village Subdivision! This residential lot offers public water, public sewer, and paved city street frontage for everyday convenience and easy access. The lot is level and ready for development, with utilities available at the street, making the building or placement process simple and efficient. Situated just off Louisiana Avenue, this location provides quick access to schools, shopping, restaurants, and major roadways while still offering the feel of an established neighborhood setting. Whether you're looking to place a manufactured home (per subdivision guidelines) or secure land for future investment, this property offers flexibility and value. Carmel Village continues to be an affordable option for buyers seeking homeownership in Lafayette. With multiple lots available within the subdivision, buyers have the opportunity to purchase one lot or bundle several together for development or long-term investment potential.

Property profile

Verified
Property type Residential land & home lots
Total area 13,503 SF
UPID US36-0786123

Cap rate & NOI

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

Location

111 Watermark Dr Lafayette, LA 70501
Lafayette metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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