Mixed-Use Property with
For Sale
$523,500
Pending
6615 N University Avenue, Carencro, LA 70520
Commercial Sale, Carencro, LA
Property Size2,670 SF
Lot Size1.13 Acres
Days on Market235
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
Corner Lot
Directions
I-49 North to 182 Exit, turn right, home on left.
Subdivision
B
Standard status
Pending
APN
6012797
Size
2,670 SF
Lot size
1.13 Acres
Additional Details
Property Use
Light Industrial
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)
Tax Annual Amount
3160
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
Frame
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 24
Last Checked: Oct 24 at 6:06PM
MLS# 2600001639
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 1.13-acre mixed-use property combines a traditional residence with business and storage improvements. The separate office-warehouse building includes approximately 1,500 square feet of office area with six offices and a restroom, plus 1,170 square feet of warehouse space served by two overhead doors. A separate storage building has roll-up doors and an attached workshop. The residence features a formal dining room, keeping room, kitchen, living area, and main bedroom with an ensuite bath.
An approximately 660-square-foot outdoor kitchen includes cooking appliances, a dine-in island, pantry, storage, and a half bath. The property is located off the I-49 Frontage Road and is zoned light industrial. Public water and septic service are indicated, with natural gas available.
An approximately 660-square-foot outdoor kitchen includes cooking appliances, a dine-in island, pantry, storage, and a half bath. The property is located off the I-49 Frontage Road and is zoned light industrial. Public water and septic service are indicated, with natural gas available.
Key Highlights
- 1.13‑acre mixed‑use property with a residence and business buildings
- Office area of approximately 1,500 square feet includes six offices and a restroom
- Warehouse space measures 1,170 square feet and has two overhead doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,823
Cap Rate
5.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$536,460
$536.5K
Cap Rate 7%
$383,186
$383.2K
Cap Rate 9%
$298,033
$298.0K
Market Conditions
NOI Build-Up for 2,670 SF
Gross rent
$48.1K $18.00/SF
− Vacancy
−$5.1K −$1.93/SF
EGI
$42.9K $16.07/SF
− OpEx
−$16.1K −$6.03/SF
NOI
$26.8K $10.05/SF
Area
Lafayette County, LA
Vacancy
10.70%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$536,460
Cap Rate 7%
$383,186
Cap Rate 9%
$298,033
Alternative Uses
Best Use
Mixed Use
$383.2K
$335.3K – $447.1K
NOI $26,823 @ 7.0% cap · market cap 5.12%
Second Best
Flex RnD
$222.0K
$194.3K – $259.0K
NOI $15,541 @ 7.0% cap · market cap 2.97%
Theoretical Best
Office A
$631.3K
$552.4K – $736.5K
NOI $44,190 @ 7.0% cap · market cap 8.44%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
36
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
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A residence sits alongside office, warehouse, workshop, and outdoor kitchen space.
Where is this mixed-use property located?
The property is located at 6615 N University Avenue Carencro, LA.
What is the asking price?
The asking price for this property is $523,500.
What are key features of this property?
This property features: 1.13‑acre mixed‑use property with a residence and business buildings; Office area of approximately 1,500 square feet includes six offices and a restroom; Warehouse space measures 1,170 square feet and has two overhead doors
