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Property profile & analytics
OFF-MARKET
Estimated value
$785,000
Motels
1605 University Ave Lafayette, LA 70506-1019
Entity Owned
1-yr Hold
Free & Clear
Property ID
US36-1147814
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1973
Total area
45,418 SF
Lot
3.2 ac (139,392 SF)
APN
6030176
UPID
US36-1147814
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
-
OYO Hotel Lafayette LA I-10 & University Hotel & Motel
-
Boardwalk Suites Lafayette Hotel & Motel
-
Travelodge by Wyndham LaFayette Hotel & Motel
-
King motel Hotel & Motel
-
Kings Hotel Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$650k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$916k
Blend (final)
Blend
$785k
Owner & transaction history
Great River 24 LLC · 1 yrs held
Great River 24 LLC
since 2025
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Lafayette submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lafayette submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$650,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$785k
Range $707k – $864k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$17 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$21,188
Tax year 2023
Assessed value
$202,570
Assessed 2023
Previous assessed
$202,570
+0.0% YoY
Effective rate
10.46%
On assessed value
Assessed land
$38,332
Assessed improvement
$164,238
Land market value
$383,320
Improvement market value
$1,094,920
Total market value
$1,478,240
Applied tax rate
4.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Motels
Use group
MOTEL
Status
Off-Market
Year built
1973
Heating
NONE
Total area
45,418 SF
Lot
3.2 ac (139,392 SF)
APN
6030176
UPID
US36-1147814
Jurisdiction
LAFAYETTE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1973
Heating
NONE
Lot
3.2 ac
Current owner
From public records · entity-resolved
Great River 24 LLC
Entity
Free & Clear · 1 yrs held
Mailing address
1605 N UNIVERSITY AVE, LAFAYETTE, LA 70506-1019
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 13, 2025
$17,556
Great River 24 LLC
Lafayette Parish Tax Collector
Deed
related
—
Jun 12, 2025
$3,756
Great River 24 LLC
Lafayette Parish Tax Collector
Deed
related
—
Sep 10, 2018
$1,200,000
Sairam 2109 LLC
Ouida Bowen Calloway
Deed
—
Aug 23, 2018
$500,001
Ouida Bowen Calloway
Lafayette County Sheriff
Sheriffs Deed
related
—
Jun 21, 2013
$14,790
Kenneth J Dugas
Central Properties
Public Action
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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