Flex Building with
For Sale
$175,000
Pending
6615 N University Avenue, Carencro, LA 70520
Commercial Sale, Carencro, LA
Property Size2,670 SF
Days on Market238
Property Features for 6615 N University Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Lt Industrial
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Parking
6
Parking features
Parking Lot
Lot features
Level
Directions
I-49 North to 182 Exit, turn right, home is on left.
Subdivision
B
Standard status
Pending
APN
6012797
Size
2,670 SF
Taxes and HOA fees
Tax Description
SEC 60 T8S R4E (1965-469876 PLAT) SEC 60 T8S R4E TRIANGULAR (1976-666664) PLOT 1 SEC 60 T8S R4E (2001-26911 PLAT)
Legal Description
SEC 60 T8S R4E (1965-469876 PLAT) SEC 60 T8S R4E TRIANGULAR (1976-666664) PLOT 1 SEC 60 T8S R4E (2001-26911 PLAT)
Utilities
Utilities
Natural Gas Available
Sewer type
Septic Tank
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Floors in Building
1
Flooring type
Concrete, Tile - Ceramic
Building materials
Metal Siding
Roof type
Metal
Listing Agency:
eXp Realty, LLC
(337) 522-7554
Listed By:
Stacy Folse · License #73665
(337) 849-8962
Added: Mar 3
Changed: Oct 26
Last Checked: Oct 27 at 8:06AM
MLS# 2600001640
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.
This 2,670-square-foot flex property includes approximately 1,500 square feet of office space arranged as six offices, along with a 1,170-square-foot warehouse served by two overhead doors. The building has metal siding, a metal roof, central heating and air conditioning, and concrete and ceramic tile flooring. Zoning is Lt Industrial.
The property is positioned along the I-49 frontage road. Site features include a parking lot, public water, septic service, and natural gas availability.
The property is positioned along the I-49 frontage road. Site features include a parking lot, public water, septic service, and natural gas availability.
Key Highlights
- 2,670 square feet total, including approximately 1,500 square feet of office space and 1,170 square feet of warehouse area
- Office area is arranged as six offices and a restroom
- Warehouse includes two overhead doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,541
Cap Rate
8.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$310,820
$310.8K
Cap Rate 7%
$222,014
$222.0K
Cap Rate 9%
$172,678
$172.7K
Market Conditions
NOI Build-Up for 2,670 SF
Gross rent
$24.0K $9.00/SF
− Vacancy
−$120 −$0.05/SF
EGI
$23.9K $8.96/SF
− OpEx
−$8.4K −$3.13/SF
NOI
$15.5K $5.82/SF
Area
Lafayette County, LA
Vacancy
0.50%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$310,820
Cap Rate 7%
$222,014
Cap Rate 9%
$172,678
Alternative Uses
Best Use
Flex RnD
$222.0K
$194.3K – $259.0K
NOI $15,541 @ 7.0% cap · market cap 8.88%
Second Best
Warehouse
$193.6K
$169.4K – $225.8K
NOI $13,549 @ 7.0% cap · market cap 7.74%
Theoretical Best
Office A
$631.3K
$552.4K – $736.5K
NOI $44,190 @ 7.0% cap · market cap 25.25%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
36
Businesses Nearby
Well-served
Demand for This Use
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
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Six offices and dedicated warehouse space provide a combination of workspace and storage areas.
Where is this flex space located?
The property is located at 6615 N University Avenue Carencro, LA.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: 2,670 square feet total, including approximately 1,500 square feet of office space and 1,170 square feet of warehouse area; Office area is arranged as six offices and a restroom; Warehouse includes two overhead doors
