311 W University Avenue, Lafayette, LA 70501
COMMERCIAL - Lafayette, LA
- Added:
- Nov 14, 2025
- Days on Market:
- 236
- Last Refresh:
- Jul 8 at 4:06 pm
Property Features for 311 W University Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- CM-1 (COMMERCIA
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bathroom 2
- Parking features
- Parking Lot
- Exterior features
- Door Sign
- Standard status
- Active
- APN
- 6022502
- Size
- 3,001 SF
- Lot size
- 0.29 Acres
Taxes and HOA fees
- Tax Description
- P LOTS 1-2-3-4-5-6 BLK 8 ELMHURST PARK ADD SE P OF LOTS 1-2-3-4 & P LOT 5 BLK 8 ELMHURST PARK ADD SE P OF LOTS 5-6 BLK 8 ELMHURST PARK ADD
Utilities
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Flooring type
- Tile, Wood
- Roof type
- Built-Up
Listing agent Jeff Landry License #995682229 (337) 257-5380
Listing office Scout Real Estate Co. 617 S Buchanan Street, Lafayette, LA (337) 443-0880
Listing date Nov 14, 2025
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.
HighLights
- CM‑1 Commercial Mixed Zoning allows for a wide range of potential uses.
- Centrally located near University Ave. and Johnston St.
- Flexibility to accommodate up to three individual tenant suites, each with private entrances.
- Features seven offices, a conference room, kitchen, two lobbies, and two restrooms.
- Rear suite includes a private courtyard, offering a unique work environment.
- Private parking available.
Overview
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $54.0k | $18.00 |
| − Vacancy | −$7.5k | −$2.48 |
| EGI | $46.6k | $15.52 |
| − OpEx | −$11.6k | −$3.88 |
| NOI | $34.9k | $11.64 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Lafayette
- County
- Lafayette
- State
- Louisiana
- Longitude
- -92.021087
- Latitude
- 30.218555
