Bank Building with
For Sale
$525,000
410 W University Ave, Lafayette, LA 70506
CM-1-zoned property sits at a downtown corner near businesses and government offices.
Property Size2,932 SF
Price / SF$179.06
Days on Market99
Property Features for 410 W University Ave
General Information
Standard status
Active
Size
2,932 SF
Total Parking Spaces
9
Property subtype
Other
Zoning
CM-1
Site & Location
Corner Location
Yes
Drive-Thru
Yes
Amenities
Water
Sewer
9 Parking Spaces
Listing Agency:
Compass Lafayette
Listed By:
Brennan Billeaud · License #0000069755
(337) 233-9541
Source:
Lacdb.resimplifi
Added: Jul 14
Changed: Oct 12
Last Checked: Oct 19 at 3:25AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Compass Lafayette
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Investment Insights
Based on property information with market context.
This 2,932-square-foot former bank building includes an existing drive-through and occupies the corner of W. University Avenue and Lafayette Street. The property is zoned CM-1 and lies within Flood Zone X, with a physical layout that retains a drive-through component for future operations.
Located at 410 W University Ave in downtown Lafayette, the building provides access to major thoroughfares, nearby businesses, and government offices. The seller will place a deed restriction covering banks and other lending institutions, a consideration for evaluating future use and acquisition plans.
Located at 410 W University Ave in downtown Lafayette, the building provides access to major thoroughfares, nearby businesses, and government offices. The seller will place a deed restriction covering banks and other lending institutions, a consideration for evaluating future use and acquisition plans.
Key Highlights
- 2,932‑square‑foot former bank building
- Existing drive‑through facility
- Corner location at W. University Avenue and Lafayette Street
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,098
Cap Rate
7.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$761,960
$762.0K
Cap Rate 7%
$544,257
$544.3K
Cap Rate 9%
$423,311
$423.3K
Market Conditions
NOI Build-Up for 2,932 SF
Gross rent
$55.2K $18.84/SF
− Vacancy
−$4.4K −$1.51/SF
EGI
$50.8K $17.33/SF
− OpEx
−$12.7K −$4.33/SF
NOI
$38.1K $12.99/SF
Area
Lafayette, LA
Vacancy
8.04%
Lease Rate
$18.84 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$761,960
Cap Rate 7%
$544,257
Cap Rate 9%
$423,311
Alternative Uses
Best Use
Specialty Retail
$544.3K
$476.2K – $635.0K
NOI $38,098 @ 7.0% cap · market cap 7.26%
Second Best
Retail
$508.0K
$444.5K – $592.6K
NOI $35,558 @ 7.0% cap · market cap 6.77%
Theoretical Best
Office A
$693.2K
$606.6K – $808.8K
NOI $48,526 @ 7.0% cap · market cap 9.24%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,226
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
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Bank - CM-1-zoned property sits at a downtown corner near businesses and government offices.
Where is this bank located?
The property is located at 410 W University Ave Lafayette, LA.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: 2,932‑square‑foot former bank building; Existing drive‑through facility; Corner location at W. University Avenue and Lafayette Street
