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    606 N University Ave Lafayette, LA 70506

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    For Sale
    $695,000

    20,184 SF commercial building with office and warehouse space.

    Property size:
    20,184 SF

    Property Features for 606 N University Ave

    General Information

    Size
    20,184 SF

    Source: Flo Meadows, CCIM, CPA Agent Flo Meadows, CCIM, CPA

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Commercial Building with Warehouse Space

    The property is a commercial building offering a total of 20,184 square feet, including approximately 6,223 square feet of office or retail space and approximately 13,961 square feet of warehouse space. It is located within an Opportunity Zone and designated as Flood Zone X. The property is situated approximately one mile from Interstate 10. A portion of the space, approximately 1,372 square feet, is currently leased until December 31, 2022.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    FOX INSURANCE AGENCY Insurance Agency A-Plus Glass Co Glass Repair Service

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

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

    Similar Places Nearby

    Alice Safehold Self storage facility, | Storage Corner, The Storage Center - Lafayette, U-Pack, Acadiana Public Warehouse - Dry and Cold Storage

    Location Insight

    • Map
    • Local Demand
    City
    Lafayette
    County
    Lafayette
    State
    Louisiana
    Longitude
    -92.031846
    Latitude
    30.2375636

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    FAQs

    What type of property is this?
    Warehouse - 20,184 SF commercial building with office and warehouse space.
    Where is this warehouse located?
    The property is located at 606 N University Ave Lafayette, LA.
    What is the asking price?
    The asking price for this property is $695,000.
    What are key features of this property?
    This property features: - ±20,184 SF commercial building offering both office/retail and warehouse spaces.; - Located in an Opportunity Zone.; - Conveniently situated just 1 mile from I-10.
    (337) 258-2301
    Request Owner's contact information
    606 N University Ave Lafayette, LA 70506
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    Lafayette, LA 70506
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    Realmo Value Estimation

    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.

    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.

    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
    606 N University Ave Lafayette, LA 70506
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