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    230 Heymann Blvd/200 Travis St Lafayette, LA 70503

    Sponsored
    For Sale
    $2,050,000

    Prime Oil Center location, 16,906 SF office.

    Property size:
    16,906 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 16,906 square foot office building presents a unique owner/user investment opportunity in Lafayette, Louisiana's vibrant Oil Center. Located at the corner of Heymann Boulevard and Travis Street, this highly visible, two-story Class B building boasts mid-century modern architecture with multiple entrances, providing privacy for various businesses operating under one roof. The property includes 30 parking spaces and sits on a parcel with APN 6084987, zoned CM-1 (Commercial Mixed 1), placing it within the desirable Oil Center district. Conveniently situated near Ochsner Lafayette General, the University of Louisiana at Lafayette, downtown Lafayette, and Highway 90, the building benefits from excellent access to major thoroughfares and a wealth of surrounding amenities, including numerous restaurants, retail establishments, and medical/professional offices. Currently owner-occupied, portions of the building are leased, offering flexibility for a new owner to occupy as much space as needed while potentially retaining existing leases for investment income. A lease-back option from the current owner for approximately 12 months is possible, facilitating a smooth transition. The asking price is $2,050,000, translating to $121.26 per square foot. The property is located in Flood Zone X. This is a rare opportunity to acquire a well-positioned, established office building in a thriving Lafayette location, available for the first time in 30 years.

    Property Features for 230 Heymann Blvd/200 Travis St

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    16,906 SF
    Class
    B

    Building Details

    Buildings
    1
    Stories
    2

    HighLights

    • $2,050,000 asking price for this 16,906 square foot office building.
    • Located in Lafayette, LA, at 230 Heymann Blvd/200 Travis St, in the Oil Center.
    • Class B, two‑story building with 30 parking spaces.
    • Owner‑user investment opportunity, with existing leases providing income potential.
    • Zoned CM‑1 (Commercial Mixed 1) and situated in Flood Zone X.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Lafayette
    County
    Lafayette Parish
    State
    Louisiana
    Longitude
    -92.014815039931
    Latitude
    30.205269906513

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Oil Center location, 16,906 SF office.
    Where is this office property / space located?
    The property is located at 230 Heymann Blvd/200 Travis St Lafayette, LA.
    What is the asking price?
    The asking price for this property is $2,050,000.
    What are key features of this property?
    This property features: $2,050,000 asking price for this 16,906 square foot office building.; Located in Lafayette, LA, at 230 Heymann Blvd/200 Travis St, in the Oil Center.; Class B, two-story building with 30 parking spaces.
    (225) 235-5755
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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
    230 Heymann Blvd/200 Travis St Lafayette, LA 70503
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