Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    1606 Pinhook Rd Lafayette, LA 70508-3722

    • Hotels
    • 52,699 SF
    • 1.86 lot acres
    OFF-MARKET
    Last Sale
    Aug 16, 2022
    $6,750,000
    Value Estimations
    $5,555,000
    Show details
    Cap Rate Potential
    5.7%
    Hotels
    Location Intelligence
    Property ID
    US36-0791302
    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

    • Fairfield Inn & Suites Lafayette South / Hotel / Extended Stay Hotel
    • 1606 W Pinhook Road Parking / Parking Lot

    Property Details for 1606 Pinhook Rd

    Year built
    2004
    Lot size
    1.86 lot acres
    Property size
    52,699 SF
    Property type
    Hotels
    APN
    6092058
    APU
    6092058

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $5,580,000
      ML approach
      $5,775,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $5,320,000
      6.5%
      $4,910,000
      7%
      $4,560,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lafayette
    County
    Lafayette
    State
    Louisiana
    Longitude
    -92.0174
    Latitude
    30.1942
    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
    $54,658
    $52,635
    $469,847
    $522,482
    -
    $526,350
    $3,132,310
    $3,658,660

    Comparable in this City

    • Value Estimation
      $490,000
      2.57 Acres

      200 Hugh Wallis Rd

      HOTEL-RESORT • 2.57 Acres
      200 Hugh Wallis Rd, Lafayette, LA 70508-2191
      View Details
    • Value Estimation
      $455,000
      19,500 SF

      709 Kaliste Saloom Rd

      HOTEL-RESORT • 19,500 SF
      709 Kaliste Saloom Rd, Lafayette, LA 70508-4207
      View Details
    • Value Estimation
      $685,000
      47,878 SF

      214 Kaliste Saloom Rd

      HOTEL-RESORT • 47,878 SF
      214 Kaliste Saloom Rd, Lafayette, LA 70508-3239
      View Details
    • Value Estimation
      $420,000
      8,674 SF

      113 Liberty Ave

      HOTEL-RESORT • 8,674 SF
      113 Liberty Ave, Lafayette, LA 70508-6821
      View Details
    • Value Estimation
      $320,000
      4.00 Acres

      508 Youngsville Hwy

      HOTEL-RESORT • 4.00 Acres
      508 Youngsville Hwy, Lafayette, LA 70508-5174
      View Details
    • Value Estimation
      $660,000
      190,977 SF

      1801 Pinhook Rd

      HOTEL-RESORT • 190,977 SF
      1801 Pinhook Rd, Lafayette, LA 70508-3719
      View Details

    Similar Nearby for Sale

    • $9,500,000
      54,500 SF

      2723 Pinhook Rd, Lafayette, LA 70508

      Commercial real estate • 54,500 SF
      2723 Pinhook Rd, Lafayette, LA 70508
      View Details
    • $316,650

      Lafayette Industrial Land for Sale

      Prime Lafayette location, 1.03 acres.
      103 Business Park Dr 2, Lafayette, LA 70508
      View Details
    • $316,650

      Lafayette Industrial Land for Sale

      Prime Lafayette location, 1.03 acres.
      103 Business Park Dr 2, Lafayette, LA 70508
      View Details
    • $149,000
      0.22 Acres

      Residential Land in Prime Location

      Residential land for sale in the heart of Lafayette, Louisiana.
      200 Dunmore Ct, Lafayette, LA 70508
      View Details
    • $140,000
      0.32 Acres

      Residential Lot in Lafayette

      Residential lot in a luxury Lafayette residential development.
      104 Leaning Oak Dr, Lafayette, LA 70508
      View Details
    • $400,000

      Corner Lot on Pinhook Road

      Well-maintained corner lot with high visibility on Pinhook Road.
      3400 W Pinhook Rd, Lafayette, LA 70508
      View Details

    Similar Nearby for Lease

    • $40 SF/Yr
      5,300 SF

      Lafayette Office Space For Sale/Lease

      New Construction, Prime Location, Flexible Suites
      1600 Camellia Blvd, Lafayette, LA 70508
      View Details
    • $30 SF/Yr
      2,308 SF

      River Ranch Executive Office Suite

      Prime Lafayette Office Space, 2,308 SF
      309 Settlers Trace Blvd, Lafayette, LA 70508
      View Details
    • $1,100 /Mo
      2,556 SF

      Office and Warehouse Space Available

      Affordable, remodeled office and warehouse space with air conditioning.
      104 Row Two, Lafayette, LA 70508
      View Details
    • $4,623 /Mo
      6,316 SF

      Medical Office Space Available

      Class A medical space near Heart Hospital for lease.
      1103 Kaliste Saloom Rd, Lafayette, LA 70508
      View Details
    • Contact for pricing
      4,200 SF

      Retail Space in Lafayette Corridor

      Retail space with easy access and excellent visibility in Lafayette.
      4243-4247 Ambassador Caffery Pkwy, Lafayette, LA 70508
      View Details
    • Contact for pricing
      1,575 SF

      Retail Space in River Marketplace

      Located in Lafayette's retail market with heavy traffic.
      4401 Ambassador Caffery Pkwy, Lafayette, LA 70508
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1606 Pinhook Rd
    Lafayette, LA 70508-3722
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.