Two-Suite Office
For Sale
$490,000
4605 N University Avenue, Carencro, LA 70520
Commercial Sale, Carencro, LA
Property Size3,049 SF
Lot Size0.66 Acres
Price / SF$160.71
Days on Market116
Property Features for 4605 N University Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
CM-1 (COMMERCIA
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1
Parking features
Covered, Parking Lot
Lot features
Level
Directions
From Lafayette, take N University Ave into Carencro. Office is on the left just before Melancon Funeral Home.
Subdivision
C
Standard status
Active
APN
6051541
Size
3,049 SF
Lot size
0.66 Acres
Additional Details
Tenant in Place
Yes
Property Use
Office
Taxes and HOA fees
Tax Description
SEC 34 T8S R4E (0.66 AC) (150X192)
Legal Description
SEC 34 T8S R4E (0.66 AC) (150X192)
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Floors in Building
1
Flooring type
Tile, Vinyl
Building materials
Frame
Roof type
Composition
Listing Agency:
Scout Real Estate Co.
(337) 443-0880
Listed By:
Tim Skinner · License #0995683114
(337) 205-1635
Added: Jul 2
Changed: Oct 23
Last Checked: Oct 25 at 6:06AM
MLS# 2600006027
Copyright © 2026 ROAM MLS. 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.
The 3,049-square-foot office building at 4605 N University Avenue in Carencro was renovated in 2018 and contains two suites with shared common space. Suite 1 offers approximately 1,200 square feet of medical office space and includes select furniture, fixtures, and equipment. Suite 2 measures approximately 500 square feet and is occupied by an insurance company on a short-term lease; the tenant is willing to remain or vacate at the buyer’s discretion.
A kitchen and an additional, unrenovated room are part of the shared area. The property occupies a 0.66-acre parcel and has covered parking and a parking lot.
A kitchen and an additional, unrenovated room are part of the shared area. The property occupies a 0.66-acre parcel and has covered parking and a parking lot.
Key Highlights
- 3,049‑square‑foot office building on 0.66 acres
- Renovated in 2018; two suites with shared common area
- Suite 1 has approximately 1,200 sq ft of medical office space and select FF&E
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,659
Cap Rate
7.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$733,180
$733.2K
Cap Rate 7%
$523,700
$523.7K
Cap Rate 9%
$407,322
$407.3K
Market Conditions
NOI Build-Up for 3,049 SF
Gross rent
$68.4K $22.44/SF
− Vacancy
−$7.3K −$2.40/SF
EGI
$61.1K $20.04/SF
− OpEx
−$24.4K −$8.02/SF
NOI
$36.7K $12.02/SF
Area
Lafayette County, LA
Vacancy
10.70%
Lease Rate
$22.44 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$733,180
Cap Rate 7%
$523,700
Cap Rate 9%
$407,322
Alternative Uses
Best Use
Healthcare Medical
$523.7K
$458.2K – $611.0K
NOI $36,659 @ 7.0% cap · market cap 7.48%
Second Best
Office B
$506.9K
$443.5K – $591.4K
NOI $35,481 @ 7.0% cap · market cap 7.24%
Theoretical Best
Office A
$720.9K
$630.8K – $841.0K
NOI $50,462 @ 7.0% cap · market cap 10.30%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
2
Office units
Location Intelligence
Trade Area within ½ mile
274
Businesses Nearby
Explore this area
Business Placement
Demographics for 70520, LA
20,017
Population
9,011
Households
2.2
Avg Household Size
37
Median Age
21%
College-Educated
87%
High-School Grad
38.8 sq mi
ZIP Area
516
Density / Sq Mi
$65,956
Median Household Income
$43,019
Median Earnings
$953
Median Rent
$199,600
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 Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Renovated office space includes a medical suite, shared common areas, and a second suite with a short-term tenant.
Where is this office building located?
The property is located at 4605 N University Avenue Carencro, LA.
What is the asking price?
The asking price for this property is $490,000.
What are key features of this property?
This property features: 3,049‑square‑foot office building on 0.66 acres; Renovated in 2018; two suites with shared common area; Suite 1 has approximately 1,200 sq ft of medical office space and select FF&E
