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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

    Comparable in this City

    • Value Estimation by Request
      45,418 SF

      1605 University Ave

      MOTEL • 45,418 SF
      1605 University Ave, Lafayette, LA 70506-1019
      View Details
    • Value Estimation
      $385,000
      3,280 SF

      2615 Cameron St

      MOTEL • 3,280 SF
      2615 Cameron St, Lafayette, LA 70506-1510
      View Details
    • Value Estimation by Request
      4,020 SF

      2615 Cameron St

      MOTEL • 4,020 SF
      2615 Cameron St, Lafayette, LA 70506-1510
      View Details
    • Value Estimation by Request

      2350 Congress St

      HOTEL-RESORT
      2350 Congress St, Lafayette, LA 70506-4205
      View Details
    • Value Estimation by Request
      8.04 Acres

      600 Ambassador Caffery Pkwy

      Self storage facilities • 8.04 Acres
      600 Ambassador Caffery Pkwy, Lafayette, LA 70506
      View Details
    • Value Estimation
      $675,000
      36,696 SF

      1636 Saint Mary Blvd

      HOTEL-RESORT • 36,696 SF
      1636 Saint Mary Blvd, Lafayette, LA 70506-3308
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

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    • $7,500 /Mo
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      8,100 SF retail space with showroom and warehouse.
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    • $15 SF/Yr
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      Retail Space on Ambassador Caffery

      Retail space available on Ambassador Caffery Parkway in Lafayette.
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    • $5,250 /Mo
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    • $6,500 /Mo
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    1604 University Ave
    Lafayette, LA 70506-1020
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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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