4605 N University Avenue, Carencro, LA 70520
COMMERCIAL - Carencro, LA
- Added:
- Jul 2, 2026
- Days on Market:
- 6
- Last Refresh:
- Jul 7 at 7:06 am
Property Features for 4605 N University Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- CM-1 (COMMERCIA
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bathroom 1
- Parking features
- Off Street, Parking Lot, Covered
- Standard status
- Active
- APN
- 6051541
- Size
- 3,049 SF
- Lot size
- 0.66 Acres
Taxes and HOA fees
- Tax Description
- SEC 34 T8S R4E (0.66 AC) (150X192)
Utilities
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Floors in Building
- 1
- Flooring type
- Tile
- Building materials
- Stucco
- Roof type
- Composition
Listing agent Tim Skinner License #0995683114 (337) 205-1635
Listing office Scout Real Estate Co. 617 S Buchanan Street, Lafayette, LA (337) 443-0880
Listing date Jul 2, 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.
HighLights
- Extensively renovated in 2018 with a configuration of 2 office suites plus shared common area
- Suite 1: approx. 1,200 SF turnkey medical office space with select FF&E, move‑in ready for immediate use
- Suite 2: approx. 500 SF currently leased on a short‑term basis to an insurance company; tenant may remain or vacate at buyer’s discretion
- Shared common area includes a kitchen and an additional room that has not been renovated but is currently used as shared space
- Central heating and central air, with tile flooring throughout
- Stucco exterior with a composition roof and off‑street parking in a parking lot with covered spaces; public water available
Overview
The property is located at 4605 N University Avenue in Carencro, Louisiana (Lafayette County). The building includes a kitchen and an additional room that has not been renovated, currently used as part of the shared common area.
For an owner-occupant, the layout supports occupying Suite 1 while using the shared common area. For an investor, the existing short-term lease in Suite 2 offers income potential at buyer discretion, while the shared common space and kitchen support continued tenant functionality. The second, partially renovated common area also provides room for future customization or expansion within the building’s existing footprint.
Local Financial Insights For Healthcare Medical
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 | $68.4k | $22.44 |
| − Vacancy | −$7.3k | −$2.40 |
| EGI | $61.1k | $20.04 |
| − OpEx | −$24.4k | −$8.02 |
| NOI | $36.7k | $12.02 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Carencro
- County
- Lafayette
- State
- Louisiana
- Longitude
- -92.049904
- Latitude
- 30.32034
