410 W University Avenue Lafayette, LA 70506
COMMERCIAL - Lafayette, LA
Property Features for 410 W University Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- CM-1
- Exterior features
- Door Sign
- Standard status
- Active
- APN
- 6053015
- Size
- 2,932 SF
- Lot size
- 0.36 Acres
Taxes and HOA fees
- Tax Description
- LOTS 16-17-18-19-20 BLK 2 ELMHURST PARK ADD
Utilities
- Heating system
- Electric (Heating), Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Floors in Building
- 1
- Flooring type
- Wood
- Roof type
- Tar/Gravel
Listing agent Brennan Billeaud License #0000069755 (337) 654-2591
Listing office Compass 2000 Kaliste Saloom, Ste. 101, LA (337) 233-9700
Listing date Jul 14, 2026
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.
Investment Insights
Based on property information with market context.
The building is located at the highly visible corner of W. University Avenue and Lafayette Street, with easy access to major thoroughfares, businesses, and government offices described in the listing.
The seller will implement a deed restriction applicable to banks and other lending institutions, which should be considered as part of any intended use.
Key Highlights
- Former bank building on a highly visible downtown corner of W. University Avenue and Lafayette Street
- Zoned CM‑1 and located in Flood Zone X
- Existing drive‑thru on the property
Local Financial Insights For Specialty Retail
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 | $55.2k | $18.84 |
| − Vacancy | −$4.4k | −$1.51 |
| EGI | $50.8k | $17.33 |
| − OpEx | −$12.7k | −$4.33 |
| NOI | $38.1k | $12.99 |
