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
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3211 Louisiana Ave Lafayette, LA 70501-1414

    • Commercial real estate
    • 14,000 SF
    • 1.91 lot acres
    OFF-MARKET
    Value Estimations
    $2,280,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US36-0898794
    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

    • Subway / Take-out & Catering
    • This business is no longer is Luxurious nails / Nail Salon
    • Kay Jewelers / (Bike/Boat/Book/etc) Store
    • GameStop / Arcade & Gaming Center / Electronics & Wireless Store
    • Style America Salon / Hair Salon / Nail Salon

    Property Details for 3211 Louisiana Ave

    Year built
    2009
    Lot size
    1.91 lot acres
    Property size
    14,000 SF
    Property type
    Commercial real estate
    APN
    6134963
    APU
    6134963

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,695,000
      6.5%
      $2,490,000
      7%
      $2,310,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,159,000
      Market price range: $614k - $2.27M
      AI Estimate
      $2,189,000
      Market price range: $693k - $2.24M

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

    Location Insight

    • Map
    • Local Demand
    City
    Lafayette
    County
    Lafayette
    State
    Louisiana
    Longitude
    -91.9938
    Latitude
    30.2648
    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
    $20,608
    $49,945
    $147,000
    $196,945
    -
    $499,450
    $980,000
    $1,479,450

    Comparable in this City

    • Value Estimation by Request
      0.16 Acres

      511 Saint John St

      COMMERCIAL (GENERAL) • 0.16 Acres
      511 Saint John St, Lafayette, LA 70501-5709
      View Details
    • Value Estimation by Request
      0.11 Acres

      1001 Simcoe St

      COMMERCIAL (GENERAL) • 0.11 Acres
      1001 Simcoe St, Lafayette, LA 70501-4530
      View Details
    • Value Estimation by Request
      0.02 Acres

      1406 Surrey St

      COMMERCIAL (GENERAL) • 0.02 Acres
      1406 Surrey St, Lafayette, LA 70501-7752
      View Details
    • Value Estimation by Request
      1.00 Acre

      1009 Hopkins St

      COMMERCIAL (GENERAL) • 1.00 Acre
      1009 Hopkins St, Lafayette, LA 70501
      View Details
    • Value Estimation by Request
      1.63 Acres

      213 I B St

      COMMERCIAL (GENERAL) • 1.63 Acres
      213 I B St, Lafayette, LA 70501
      View Details
    • Value Estimation by Request
      1.07 Acres

      104 Crockett St

      COMMERCIAL (GENERAL) • 1.07 Acres
      104 Crockett St, Lafayette, LA 70501-6238
      View Details

    Similar Nearby for Sale

    • $1,940,598
      7.43 Acres

      Lafayette Commercial Land - 7.4 Acres

      Prime Lafayette location, ideal for development. All utilities available.
      800 Teurlings Dr, Lafayette, LA 70501
      View Details
    • $650,000
      0.50 Acres

      Lafayette Retail Property: Prime Location

      High-traffic retail space, excellent visibility.
      100 Castille Ave, Lafayette, LA 70501
      View Details
    • Contact for pricing
      1.02 Acres

      Stirling Lafayette Outparcel Opportunity

      Prime I-10 Retail/Office Land
      3225 Louisiana Ave, Lafayette, LA 70501
      View Details
    • $175,000
      0.18 Acres

      Downtown Lafayette Development Lot

      Prime 0.18-acre lot, mixed-use potential
      627 Lafayette St, Lafayette, LA 70501
      View Details
    • $399,000
      1.27 Acres

      Prime Lafayette Commercial Land

      1.27 Acres, High Visibility, $399,000
      2401 Louisiana Ave, Lafayette, LA 70501
      View Details
    • $95,000
      750 SF

      Lafayette Commercial Land Opportunity

      750 SF Commercial Building, Prime Location
      314 Willow St, Lafayette, LA 70501
      View Details

    Similar Nearby for Lease

    • $14 SF/Yr
      4,344 SF

      Downtown Office Space Available

      Office space for rent near US 90.
      209 Garfield St, Lafayette, LA 70501
      View Details
    • $10,000 /Mo
      12,000 SF

      Versatile Space on Moss Street

      12,000 sqft space for lease in high-traffic Lafayette corridor.
      2001 Moss Street Ext, Lafayette, LA 70501
      View Details
    • $3,200 /Mo

      Renovated Office Space, Downtown Lafayette

      Newly renovated office space in Downtown Lafayette with on-site parking.
      125 Stewart St, Lafayette, LA 70501
      View Details
    • $1,800 /Mo
      1,520 SF

      Renovated Office Space For Rent

      Move-in ready office space near downtown Lafayette, LA.
      720 S Washington St, Lafayette, LA 70501
      View Details
    • $900 /Mo
      900 SF

      Office Space Near I-10 Corridor

      Office space for lease with easy access to I-10 and I-49.
      3414 Moss Street Ext, Lafayette, LA 70501
      View Details
    • $5 SF/Yr
      228,569 SF

      Lafayette Industrial Space Available

      Versatile warehouse, multiple tenants, 228,569 sqft
      1229 Evangeline Thruway, Lafayette, LA 70501
      View Details

    Property Visit Statistics

    • Visits by month
      7.0k
    • Visitors by month
      6.4k
    • Avg Time on site
      29 min
    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.
    3211 Louisiana Ave
    Lafayette, LA 70501-1414
    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.