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Property profile

2321 E Simcoe St Lafayette, LA 70501

FOR SALE
Commercial real estate
Property ID
US36-1220874
2,700 SF 0.4 ac lot Built 1975
Last sale Jun 2024 · $1,145
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This exceptional commercial property, located at 2321 E Simcoe St in Lafayette, Louisiana, presents a unique investment opportunity. The 4,000 square foot space is zoned CH and offers significant potential for a variety of uses. Currently configured as two separate suites, the property boasts a rich history. One suite previously operated as a convenience store and restaurant, while the other served as a hair salon. All existing fixtures, furniture, and equipment (FF&E) are included in the…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$2k
Tax billed · 2023
Assessed value$13k
Assessed land$4k
Assessed improvement$10k
Effective rate17.96%

Value estimate

· Oct 2026
$270k
$243k – $297k
AI approach$270k
NOI build-up
Gross scheduled income$75k
Vacancy & credit loss−$6k
Operating expenses−$21k
NOI · 19.40% cap applied$49k

Realmo valuation models over county records and 15 qualifying comparable sales.

Recently sold

What actually traded nearby?
$103/SF
ZIP average, outlier-cleaned · 71 recorded sales of this use type
Observed band · Q1–Q3$44 – $162
Qualifying comparables15

Cap rate analysis

How does the asset earn?
19.40%
$49k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionLAFAYETTE

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency14.9
Dental Office13.3
Law Firm12.5

Location

2321 E Simcoe St Lafayette, LA 70501
County assessor Recorded deeds · 3 transfers 15 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2318 Moss, Lafayette, LA 70501-2126 $140,000 Jun 2025 3,600 SF
1901 Evangeline, Lafayette, LA 70501-1923 $185,000 Aug 2024 2,477 SF
1420 Evangeline, Lafayette, LA 70501-2830 $250,000 Jun 2024 2,154 SF
520 Magnolia, Lafayette, LA 70501-7334 $40,000 Nov 2023 3,168 SF
1126 Cameron, Lafayette, LA 70501-5612 $90,000 Jun 2023 2,770 SF
415 Jefferson, Lafayette, LA 70501 $220,000 May 2023 2,484 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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