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Property profile & analytics

1604 University Ave Lafayette, LA 70506-1020

  • Motels
  • 1.29 lot acres
OFF-MARKET
Value Estimation
$270,000
Location Intelligence
Property ID
US36-0532335
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

  • St Francis Motel Inc / Motel
  • Family Promise of Acadiana / Homeless Shelter

Property Details for 1604 University Ave

Year built
1860
Lot size
1.29 lot acres
Property type
Motels
APN
6066508
APU
6066508

Description

This 1,524 square foot commercial property, located at 1604 W University Avenue in Lafayette, Louisiana, presents a unique opportunity for diverse business ventures. Zoned for both commercial and manufacturing uses, this adaptable space offers significant potential. The building features five generously sized rooms, ideal for offices or other uses, and includes two bathrooms, one of which is handicap accessible. High ceilings (10 feet) and attractive wood and laminate flooring enhance the interior. The property's convenient location offers easy access to downtown Lafayette, making it an attractive option for businesses seeking a central location. Additional features include a handicap-accessible ramp and ample parking in the rear of the building. The asking price for this versatile property is $162,000. The property is situated in Lafayette Parish, Louisiana, with a zip code of 70506. This property is listed as Office, Industrial, and Land. The property is suitable for a variety of uses, including professional office space.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $250,000
  • CAP approach

    CAP return
    Estimation
    6%
    $360,000
    6.5%
    $320,000
    7%
    $345,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $325,000
    Geo Method
    $350,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $365,000
    Retail
    $400,000
    Mixed-Use
    $360,000
    Hospitality
    $385,000
    Educational
    $310,000
    Residential Income
    $405,000
    Energy
    $340,000
    Income-Based Land
    $315,000
    Food Service
    $390,000

Location Insight

  • Map
  • Local Demand
City
Lafayette
County
Lafayette
State
Louisiana
Longitude
-92.0343
Latitude
30.2504
CBSA code
29180
CBSA name
LAFAYETTE, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$5,687
$14,069
$40,215
$54,284
-
$140,690
$268,100
$408,790
More about this property
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