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    1012 Foreman Dr Lafayette, LA 70506

    Sponsored
    For Sale
    $245,000

    Prime Lafayette manufacturing lot. Build to suit options available.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 0-unit industrial land parcel, located at 1012 Foreman Drive Lot 1 in Lafayette, Louisiana, 70506, presents a unique development opportunity. Priced at $245,000, this corner lot is situated within the Foreman Oaks Office Park, offering unparalleled convenience. Its strategic location near Interstate 10, between Lafayette High School on Congress Street and the intersection of Ambassador Caffery Parkway and Bertrand Drive, ensures high visibility and accessibility. The property is ideal for a variety of uses, including townhomes, condominiums, or a professional or medical office building. The site is ready for immediate development, and build-to-suit proposals will be considered. Interested parties are encouraged to conduct a site visit at their convenience. This is a prime opportunity to acquire a highly desirable lot in a thriving Lafayette location. The property is classified as Manufacturing, Lots & Land, and Other. The latitude and longitude coordinates are 30.216961, -92.064329 respectively.

    Property Features for 1012 Foreman Dr

    General Information

    Property type
    Manufacturing properties

    HighLights

    • $245,000 asking price.
    • 0.94‑acre lot in Lafayette, LA.
    • Located in Foreman Oaks Office Park, near I‑10.
    • Suitable for townhomes, condos, or professional/medical office buildings.
    • Build‑to‑suit options available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Lafayette
    County
    Lafayette Parish
    State
    Louisiana
    Longitude
    -92.064329
    Latitude
    30.216961

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    FAQs

    What type of property is this?
    Manufacturing property - Prime Lafayette manufacturing lot. Build to suit options available.
    Where is this manufacturing property located?
    The property is located at 1012 Foreman Dr Lafayette, LA.
    What is the asking price?
    The asking price for this property is $245,000.
    What are key features of this property?
    This property features: $245,000 asking price.; 0.94-acre lot in Lafayette, LA.; Located in Foreman Oaks Office Park, near I-10.
    Request Owner's contact information
    1012 Foreman Dr Lafayette, LA 70506
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    Lafayette, LA 70506
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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
    1012 Foreman Dr Lafayette, LA 70506
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