Multi-Office
For Sale
$420,000
601 W University Ave, Lafayette, LA 70506
Eight offices are supported by two baths, a kitchen, a mail and copy room, and a flexible-use room.
Property Size2,600 SF
Price / SF$161.54
Days on Market97
Property Features for 601 W University Ave
General Information
Standard status
Active
Size
2,600 SF
Amenities
8 offices
2 baths
kitchen
mail/copy room
multi use room
Listing Agency:
Compass
Listed By:
Michele Montesano · License #0995688543
(337) 298-8899
Source:
Athomerealtyla
Added: Jul 13
Changed: Oct 12
Last Checked: Oct 7 at 1:42PM
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 Compass
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Investment Insights
Based on property information with market context.
Located at 601 W University Ave in Lafayette, the 2,600-square-foot office building is arranged with eight offices and two baths. Additional interior areas include a kitchen, a mail and copy room, and a multi-use room, providing a practical mix of work, support, and shared space.
The property offers access to downtown and the University, connecting the office setting with both destinations. Its existing room configuration and support areas provide a defined layout for office operations without relying on extensive reconfiguration.
The property offers access to downtown and the University, connecting the office setting with both destinations. Its existing room configuration and support areas provide a defined layout for office operations without relying on extensive reconfiguration.
Key Highlights
- 2,600‑square‑foot office building at 601 W University Ave, Lafayette, LA 70506
- Eight offices within the building
- Two baths, kitchen, and mail/copy room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,256
Cap Rate
7.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$605,120
$605.1K
Cap Rate 7%
$432,229
$432.2K
Cap Rate 9%
$336,178
$336.2K
Market Conditions
NOI Build-Up for 2,600 SF
Gross rent
$46.8K $18.00/SF
− Vacancy
−$6.5K −$2.48/SF
EGI
$40.3K $15.52/SF
− OpEx
−$10.1K −$3.88/SF
NOI
$30.3K $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%
$605,120
Cap Rate 7%
$432,229
Cap Rate 9%
$336,178
Alternative Uses
Best Use
Office B
$432.2K
$378.2K – $504.3K
NOI $30,256 @ 7.0% cap · market cap 7.20%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$614.7K
$537.9K – $717.2K
NOI $43,031 @ 7.0% cap · market cap 10.25%
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
1,675
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 building - Eight offices are supported by two baths, a kitchen, a mail and copy room, and a flexible-use room.
Where is this office building located?
The property is located at 601 W University Ave Lafayette, LA.
What is the asking price?
The asking price for this property is $420,000.
What are key features of this property?
This property features: 2,600‑square‑foot office building at 601 W University Ave, Lafayette, LA 70506; Eight offices within the building; Two baths, kitchen, and mail/copy room
