Ground-Level Office
For Sale
$145,000
412 W University Ave Unit 104, Lafayette, LA 70506
Downstairs office condominium with convenient access to on-site parking.
Property Size1,000 SF
Price / SF$145
Days on Market52
Property Features for 412 W University Ave Unit 104
General Information
Standard status
Active
Size
1,000 SF
Listing Agency:
Real Broker, LLC
Listed By:
Mark Van Eaton · License #LA 4771
(337) 237-3050
Source:
Athomerealtyla
Added: Sep 10
Changed: Oct 26
Last Checked: Oct 7 at 3:29PM
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 Real Broker, LLC
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Investment Insights
Based on property information with market context.
This downstairs office condominium provides an opportunity to own a dedicated commercial workspace rather than lease one. The unit offers straightforward ground-level access and convenient parking access for occupants and visitors.
The property is located at 412 W University Ave Unit 104 in Lafayette, Louisiana. Its office configuration and accessible placement support a practical setting for an owner-user seeking a dedicated office location.
The property is located at 412 W University Ave Unit 104 in Lafayette, Louisiana. Its office configuration and accessible placement support a practical setting for an owner-user seeking a dedicated office location.
Key Highlights
- Downstairs office condominium
- Convenient access to parking
- Located at 412 W University Ave Unit 104
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
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Current Use
Location Intelligence
Trade Area within ½ mile
2,226
Businesses Nearby
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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 - Downstairs office condominium with convenient access to on-site parking.
Where is this office unit located?
The property is located at 412 W University Ave Unit 104 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: Downstairs office condominium; Convenient access to parking; Located at 412 W University Ave Unit 104
