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Property profile & analytics
OFF-MARKET
Motels

1604 University Ave Lafayette, LA 70506-1020

1.29 ac lot Built 1860
Entity Owned 1-yr Hold Free & Clear
Property ID
US36-0532335
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Motels
Use group MOTEL
Year built 1860
Lot 1.29 ac (56,192 SF)
APN 6066508
UPID US36-0532335
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • St Francis Motel Inc Hotel & Motel
  • Family Promise of Acadiana Charitable Organization Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Rgr Healthcare Properties LLC · 1 yrs held
Rgr Healthcare Properties LLC
since 2024
2 recorded transactions
2024
$132,000
2011
$400,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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