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    627 Lafayette St Lafayette, LA 70501

    • Commercial real estate
    • 0.18 lot acres
    For Sale
    View listing
    $175,000
    Value Estimation
    Location Intelligence
    Property ID
    US36-1111235
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 627 Lafayette St

    Lot size
    0.18 lot acres
    Property type
    Commercial real estate
    APN
    6038744

    Description

    This exceptional 0.18-acre commercial and residential lot is situated in the heart of Downtown Lafayette, Louisiana, at 627 Lafayette Street, zip code 70501. Boasting excellent visibility with approximately 113,041 daily vehicular traffic counts, this property presents a unique development opportunity. Zoned CM-2 (Commercial Mixed 2), it allows for a diverse range of uses, including retail, office, multifamily, or mixed-use developments. The property's location directly across from the Main Lafayette Public Library makes it highly desirable. Site plans for a 28-unit apartment complex with ground-floor retail space are available upon request. This is one of the few remaining undeveloped tracts in this prime downtown location, offering significant potential for multiple points of ingress and egress. The asking price for this exceptional property is $175,000, and the Assessor's Parcel Number (APN) is 6038744. Don't miss this chance to acquire a piece of Downtown Lafayette's vibrant future.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lafayette
    County
    Lafayette Parish
    State
    Louisiana
    Longitude
    -92.02077565325
    Latitude
    30.22700968665

    Comparable in this City

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    Similar Nearby for Sale

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    627 Lafayette St
    Lafayette, LA 70501
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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
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