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    1101 Hugh Wallis Rd Lafayette, LA 70508

    Sponsored
    For Sale
    $125,000

    1,100 SF Office, Airport Proximity

    Property size:
    1,100 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This 1,100 square foot ground-level office condo is located in the New Center Commons at 1101 Hugh Wallis Rd S, Lafayette, LA 70508. Situated near Lafayette Regional Airport and US 90, this property offers excellent accessibility. The suite is zoned IL (Industrial Light) and has an APN of 6124464. Currently occupied by a long-term tenant (20+ years), this presents a compelling investment opportunity for both owner-occupants and investors seeking entry into the office condo market. The property's convenient location and established tenancy make it an attractive option for those seeking a stable and accessible investment. Further financial details are available upon request. This is a traditional office space ideal for a variety of uses, given its location and zoning. The property is ready for immediate occupancy or continued lease income. Serious inquiries only.

    Property Features for 1101 Hugh Wallis Rd

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    1,100 SF

    HighLights

    • ±1,100 SF office condo in New Center Commons, Lafayette, LA.
    • 20+ year existing tenant in place.
    • Excellent location near Lafayette Regional Airport and US 90.
    • Financial details available upon request.
    Property Profile Location Intelligence

    Current Use by Public Records

    James F Hardwick ... Geological Service Geoland Graphics Drafting Service Electronic Payment Services Bank Nantim Energy Inc Government Boudreaux & Hebert Certified ... Certified Public Accountant

    Suggested Use

    Restaurant Realty agency Spa & Massage Dental Office Hair Salon Law Firm Nail Salon Gym & Fitness Clothing Store Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lafayette
    County
    Lafayette Parish
    State
    Louisiana
    Longitude
    -91.999251363605
    Latitude
    30.190933666307

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    FAQs

    What type of property is this?
    Office Property / Space - 1,100 SF Office, Airport Proximity
    Where is this office property / space located?
    The property is located at 1101 Hugh Wallis Rd Lafayette, LA.
    What is the asking price?
    The asking price for this property is $125,000.
    What are key features of this property?
    This property features: ±1,100 SF office condo in New Center Commons, Lafayette, LA.; 20+ year existing tenant in place.; Excellent location near Lafayette Regional Airport and US 90.
    Request Owner's contact information
    1101 Hugh Wallis Rd Lafayette, LA 70508
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    Lafayette, LA 70508
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1101 Hugh Wallis Rd Lafayette, LA 70508
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