Technical
Financial
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Property profile

100 Castille Ave Lafayette, LA 70501

OFF-MARKET
Retail properties & Spaces
33,044 SF 0.5 ac lot
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Property summary

AI-generated overview

This exceptional commercial property at 100 Castille Avenue in Lafayette, Louisiana, presents a unique investment opportunity. The single-tenant retail building boasts 33,044 square feet situated on a sizable lot ranging from 0.5 to 3.3 acres, offering significant potential for redevelopment or expansion. The asking price is $650,000, translating to $4.52 per square foot. The property's strategic location in upper Lafayette provides unparalleled accessibility. Less than a mile from the intersection of I-10 and Evangeline Thruway, it sits at the corner of Castille Avenue and Moss Street, benefiting from high visibility and convenient access to the major Evangeline Thruway (Hwy 90) corridor. The property is zoned CH and features a single-story building. The land itself comprises 263,800 square feet, with a land value of $196,970 per acre. This property is classified within the LACDB - D submarket and is currently occupied by a single tenant. The combination of prime location, substantial square footage, and significant land area makes this an attractive proposition for investors seeking a strong return on investment in a thriving Lafayette market. The property's accessibility and visibility make it ideal for a variety of retail uses.

Property profile

Verified
Property type Retail properties & Spaces
Total area 33,044 SF
Lot 0.5 ac (21,780 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Insurance Agency
  • Loan Service
  • Furniture & Home Goods Home Decor Store
  • Insurance Agency

Location

100 Castille Ave Lafayette, LA 70501
Lafayette metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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