Technical
Financial
Distress signals
Property profile

311 W University Ave Lafayette, LA 70506

FOR SALE
Commercial land
Property ID
US36-0785901
0.2 ac lot
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 3,100 square foot Class B office building is situated on a 0.29-acre lot at 311 W University Ave in Lafayette, Louisiana, zip code 70506. The property, identified by APN 6022502, features a single-story structure with seventeen parking spaces. The building boasts seven individual offices, a conference room, kitchen, two lobbies, and two restrooms. Its layout offers the potential for subdivision into three separate tenant suites, each with its own private entrance. The property enjoys a highly desirable location near the intersection of University Avenue and Johnston Street, providing convenient access to downtown Lafayette and the University of Louisiana at Lafayette. The high traffic count exceeding 19,500 vehicles per day ensures excellent visibility and accessibility. The building is equipped with LUS Fiber internet and a security system that monitors for both fire and burglary. Zoned CM-1 Commercial Mixed, this property offers a wide range of permitted uses. Furthermore, it is located in Flood Zone X, offering peace of mind to potential buyers. The asking price for this well-maintained and strategically located office building is $540,000, translating to $174.19 per square foot.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 0.2 ac (8,712 SF)
APN 6045999
UPID US36-0785901

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Law Firm
  • Law Firm
  • Consultant

Location

311 W University Ave Lafayette, LA 70506
Lafayette metro Census 700 LAFAYETTE, LA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$290k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$290k

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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