Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    2001 University Ave Lafayette, LA 70507

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2001 University Ave Lafayette, LA 70507

    View on Map
    • Land
    • 1.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 2001 University Ave

    Lot size
    1.00 lot acres
    Property type
    Land
    Property subtype
    Industrial properties

    Description

    This exceptional 1 to 21.07-acre parcel, located at 2001 N University Ave, Lafayette, LA 70507 (APN 6018296), presents a remarkable investment opportunity. Situated in Lafayette Parish, this unzoned land boasts excellent visibility at the corner of North University and Renaud Avenues, offering easy access to I-10 and I-49. The property is part of the planned Hero's Point development (Legal Description: SEC 14 T9S R4E) and is suitable for various commercial and industrial uses, including retail pad sites. The seller is willing to subdivide the land to accommodate specific development needs and will consider build-to-suit options for credit-worthy tenants. Directions: Take University north towards Carencro, LA. A TA Truck Stop will be on your left. Turn left on Renaud. Hero's Point is at the corner. This prime acreage offers significant potential for investors seeking a strategic location within the Lafayette MSA.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lafayette
    County
    Lafayette Parish
    State
    Louisiana
    Longitude
    -92.0408
    Latitude
    30.2587

    Comparable in this City

    • Value Estimation by Request
      16.31 Acres

      I-49

      Land • 16.31 Acres
      0 I-49, Lafayette, LA 70507
      View Details
    • Value Estimation by Request
      1.18 Acres

      3450 Evangeline Trwy

      Land • 1.18 Acres
      3450 Evangeline Trwy, Lafayette, LA 70507
      View Details
    • Value Estimation by Request
      1.06 Acres

      3450 Evangeline Thruway

      Land • 46,348 SF
      3450 Evangeline Thruway, Lafayette, LA 70507
      View Details
    • Value Estimation by Request
      5.01 Acres

      3300 Evangeline Trwy

      Land • 5.01 Acres
      3300 Evangeline Trwy, Lafayette, LA 70507
      View Details
    • Value Estimation by Request
      39.73 Acres

      3200 Moss St

      Land • 39.73 Acres
      3200 Moss St, Lafayette, LA 70507
      View Details
    • Value Estimation by Request
      1.06 Acres

      3450 Evangeline Trwy

      Land • 1.06 Acres
      3450 Evangeline Trwy, Lafayette, LA 70507
      View Details

    Similar Nearby for Sale

    • $579,348
      1.06 Acres

      Southpoint Commercial Lot 1

      Lafayette, LA Industrial Land: $579,348
      3450 Evangeline Thruway, Lafayette, LA 70507
      View Details
    • $1,150,000
      17,470 SF

      Lafayette Commercial Building For Sale

      Large commercial building with multiple business options in Lafayette, Louisiana.
      218 Four Park Rd, Lafayette, LA 70507
      View Details
    • $193,000
      1,500 SF

      Income Producing Commercial Property

      Commercial property with income potential near upcoming development.
      1101 E Pont Des Mouton Rd, Lafayette, LA 70507
      View Details
    • New
      $500,000
      5,000 SF

      Lafayette Commercial Investment Opportunity

      Two-unit commercial property with office, warehouse, and retail spaces.
      201 Marcon Dr, Lafayette, LA 70507
      View Details
    • $500,000
      2,889 SF

      Mixed-Use Property on Moss Street

      Versatile property with commercial and residential spaces in Lafayette, LA.
      3410 Moss Street Ext, Lafayette, LA 70507
      View Details
    • Contact for pricing
      261,360 SF

      Prime Commercial Land Opportunity

      6 acres near I-10, ideal for diverse development.
      100 Woodrich Ln, Lafayette, LA 70507
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      10,000 SF

      Lafayette Commercial Mixed-Use Development

      New commercial mixed-use retail/office development with build-to-suite options.
      608 E Gloria Switch Rd, Lafayette, LA 70507
      View Details
    • $850 /Mo
      266 SF

      Lafayette Retail Space For Rent

      Ready-to-operate retail suite near future Buc-ee's location.
      551 E Pont Des Mouton Rd, Lafayette, LA 70507
      View Details
    • $4,500 /Mo

      Versatile Warehouse Space Available

      10,475 SF warehouse space ideal for mechanic shop.
      125 Gill Dr, Lafayette, LA 70507
      View Details
    • $10 SF/Yr

      New Lafayette Industrial Park Space

      New industrial park offering Class A distribution space for lease.
      Acadian Hills Ln, Lafayette, LA 70507
      View Details
    • Contact for pricing
      3,240 SF

      Flexible Commercial Space Near I-49

      Versatile commercial property with office, storage, and warehouse space.
      310 E Gloria Switch Rd, Lafayette, LA 70507
      View Details
    • $7,300 /Mo
      7,750 SF

      Lafayette Commercial Building For Rent

      Commercial building with office and warehouse space, convenient location.
      2111 W Willow St, Lafayette, LA 70507
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2001 University Ave
    Lafayette, LA 70507
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2001 University Ave, Lafayette, LA, 70507
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!