Office Building with Multiple
601 W University Avenue Lafayette, LA 70506
601 W University Avenue, Lafayette, LA, 70506
$475,000
For Sale
$475,000
COMMERCIAL - Lafayette, LA
Property Size2,600 SF
Lot Size0.14 Acres
Price / SF$182.69
Days on Market116
Property Features for 601 W University Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Commercial
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bathroom 2
- Parking
- 10
- Security features
- Security System
- Standard status
- Active
- APN
- 6052967
- Size
- 2,600 SF
- Lot size
- 0.14 Acres
Taxes and HOA fees
- Tax Description
- Lot 33 & P Lot 34 & N 15FT Lot 32 BLK 5 Elmhurst Park ADD (42 x 125)
Utilities
- Sewer type
- Private Sewer
- Heating system
- Central, Electric (Heating)
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Flooring type
- Tile - Ceramic
- Roof type
- Composition
Listing Agency
Compass
(337) 233-9700
2000 Kaliste Saloom, Ste. 101, LA
Listed by
Michele Montesano · License #0995688543
(337) 298-8899
Added: Mar 24 Checked: Jul 17 at 10:06 am
MLS# 2600002406
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.
Investment Insights
Based on property information with market context.
This office building includes eight offices and two bathrooms, along with a kitchen, mail/copy room, and a multi-use room. The layout supports a range of day-to-day workflows for professional services, with dedicated rooms for client-facing and internal functions.
The property is located at 601 W University Avenue in Lafayette, LA 70506. Public remarks indicate great access to downtown and the University, which can be advantageous for tenant connectivity and visitor convenience.
For buyers or tenants looking for an established office configuration, this arrangement offers multiple enclosed rooms and supporting back-of-house space such as mail/copy and a multi-use room. Its commercial zoning and compact footprint can be a workable fit for organizations seeking an office setting with straightforward internal separation.
The property is located at 601 W University Avenue in Lafayette, LA 70506. Public remarks indicate great access to downtown and the University, which can be advantageous for tenant connectivity and visitor convenience.
For buyers or tenants looking for an established office configuration, this arrangement offers multiple enclosed rooms and supporting back-of-house space such as mail/copy and a multi-use room. Its commercial zoning and compact footprint can be a workable fit for organizations seeking an office setting with straightforward internal separation.
Key Highlights
- Great access to downtown and the University.
- 8 offices, ideal for a business or organization.
- 2 baths for convenience.
Local Financial Insights For Office B
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 | $46.8k | $18.00 |
| − Vacancy | −$6.5k | −$2.48 |
| EGI | $40.3k | $15.52 |
| − OpEx | −$10.1k | −$3.88 |
| NOI | $30.3k | $11.64 |
2,600 SF · lease $18.00/SF/yr · vacancy 13.80% · expense 25.00%
Alternative Uses
Best Use
Office B
$432.2K
$378.2K – $504.3K
NOI $30,256 @ 7.0% cap · market cap 6.37%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$614.7K
$537.9K – $717.2K
NOI $43,031 @ 7.0% cap · market cap 9.06%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Montesano Insurance Agency
Financial Advisor
Schambough/Patin Agents
Insurance Agency
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Well-configured office building with multiple offices and amenities, offering practical space for professional tenants near downtown.
Where is this office building located?
The property is located at 601 W University Avenue Lafayette, LA.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Great access to downtown and the University.; **8 offices, ideal for a business or organization.**; 2 baths for convenience.
