Ground-Floor Office
For Sale
$145,000
Pending
412 W University Avenue, Lafayette, LA 70506
Commercial Sale, Lafayette, LA
Property Size1,000 SF
Days on Market50
Property Features for 412 W University Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
cm1
Parking features
Off Street
Exterior features
Pole Sign
Directions
From Johnston St turn north on University Ave. In 3 blocks, building is on the right.
Subdivision
G3
Standard status
Pending
APN
6015511
Size
1,000 SF
Taxes and HOA fees
Tax Description
UNIT 104 UNIVERSITY AVENUE OFFICE CONDOMINIUMS
Legal Description
UNIT 104 UNIVERSITY AVENUE OFFICE CONDOMINIUMS
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Listing Agency:
Real Broker, LLC
(337) 534-0555
Listed By:
Mark Van Eaton · License #4771
(337) 654-5700
Added: Sep 4
Changed: Oct 15
Last Checked: Oct 23 at 10:06PM
MLS# 2600008344
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.
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Investment Insights
Based on property information with market context.
This 1,000-square-foot office condominium occupies a downstairs position and includes central heating and air conditioning. Off-street parking, public water, and public sewer serve the property. The unit is zoned CM1 and has access to pole signage.
The property is located at 412 W University Avenue in Lafayette, Louisiana.
The property is located at 412 W University Avenue in Lafayette, Louisiana.
Key Highlights
- 1,000‑square‑foot office condominium
- Downstairs unit
- CM1 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,637
Cap Rate
8.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$232,740
$232.7K
Cap Rate 7%
$166,243
$166.2K
Cap Rate 9%
$129,300
$129.3K
Market Conditions
NOI Build-Up for 1,000 SF
Gross rent
$18.0K $18.00/SF
− Vacancy
−$2.5K −$2.48/SF
EGI
$15.5K $15.52/SF
− OpEx
−$3.9K −$3.88/SF
NOI
$11.6K $11.64/SF
Area
Lafayette, LA
Vacancy
13.80%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$232,740
Cap Rate 7%
$166,243
Cap Rate 9%
$129,300
Alternative Uses
Best Use
Office B
$166.2K
$145.5K – $194.0K
NOI $11,637 @ 7.0% cap · market cap 8.03%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$236.4K
$206.9K – $275.8K
NOI $16,550 @ 7.0% cap · market cap 11.41%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Off-street parking and central heating and air conditioning serve the office unit.
Where is this office unit located?
The property is located at 412 W University Avenue Lafayette, LA.
What is the asking price?
The asking price for this property is $145,000.
What are key features of this property?
This property features: 1,000‑square‑foot office condominium; Downstairs unit; CM1 zoning
