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

    401 Camino Real Rd Lafayette, LA 70503

    • Commercial real estate
    For Sale
    View listing
    $70,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US36-0889883
    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

    • Commercial real estate

    Property Details for 401 Camino Real Rd

    Property type
    Commercial real estate

    Description

    This exceptional 0.25-acre residential lot, located at 401 Camino Real Road in Lafayette, Louisiana, presents a prime opportunity for building a new home. Situated within the desirable Riverview Estates Subdivision, this expansive and picturesque lot is ready for immediate construction. The property is conveniently located in Lafayette Parish, Louisiana, with the zip code 70503. Its coordinates are 30.154063 latitude and -92.0851045 longitude. The asking price for this remarkable piece of land is $55,000. Buyers will appreciate the convenience of this location and the potential to create a custom-built home in a well-established neighborhood. Don't miss this chance to secure your ideal building site and begin the process of constructing your dream home in this sought-after Lafayette community. The lot is zoned for residential use and is ready for immediate development. All necessary utilities are available for connection. This is a rare opportunity to acquire a build-ready lot in a highly desirable area. Act quickly, as this property is expected to sell fast.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Lafayette
    County
    Lafayette Parish
    State
    Louisiana
    Longitude
    -92.0851045
    Latitude
    30.154063

    Comparable in this City

    • $1,907,928
      8.76 Acres

      Lafayette Land: Prime Development Site

      8.76 Acres, Mixed-Use Potential, $1.9M
      0 Brown Fortier Dr, Lafayette, LA 70503
      View Details
    • $250,000

      New Townhouses Near UL

      New construction townhouses near UL, Moncus Park, and downtown.
      104 Whittington Dr, Lafayette, LA 70503
      View Details
    • $85,000
      741 SF

      Move-In Ready Condo in Lafayette

      Upstairs 1BR/1BA condo near UL Lafayette campus.
      112 Hillside Dr, Lafayette, LA 70503
      View Details
    • $119,999

      Move-In Ready Condo with Amenities

      Comfortable condo living with pool and fitness center access.
      112 Hillside Dr, Lafayette, LA 70503
      View Details
    • $89,900
      0.24 Acres

      Residential Lot in Gated Community

      Residential lot in a prime Lafayette location.
      200 Park Ridge Ln, Lafayette, LA 70503
      View Details
    • $120,000
      0.36 Acres

      Residential Land in Gated Community

      Land in the heart of Lafayette to build your dream home.
      101 Park Ridge Ln, Lafayette, LA 70503
      View Details

    Similar Nearby for Sale

    • $1,907,928
      8.76 Acres

      Lafayette Land: Prime Development Site

      8.76 Acres, Mixed-Use Potential, $1.9M
      0 Brown Fortier Dr, Lafayette, LA 70503
      View Details
    • $250,000

      New Townhouses Near UL

      New construction townhouses near UL, Moncus Park, and downtown.
      104 Whittington Dr, Lafayette, LA 70503
      View Details
    • $85,000
      741 SF

      Move-In Ready Condo in Lafayette

      Upstairs 1BR/1BA condo near UL Lafayette campus.
      112 Hillside Dr, Lafayette, LA 70503
      View Details
    • $119,999

      Move-In Ready Condo with Amenities

      Comfortable condo living with pool and fitness center access.
      112 Hillside Dr, Lafayette, LA 70503
      View Details
    • $89,900
      0.24 Acres

      Residential Lot in Gated Community

      Residential lot in a prime Lafayette location.
      200 Park Ridge Ln, Lafayette, LA 70503
      View Details
    • $120,000
      0.36 Acres

      Residential Land in Gated Community

      Land in the heart of Lafayette to build your dream home.
      101 Park Ridge Ln, Lafayette, LA 70503
      View Details

    Similar Nearby for Lease

    • $1,350 /Mo
      1,388 SF

      West Bayou Parkway Condo Rental

      Condo with 2 bedrooms, 2.5 baths, fenced patio, community pool.
      110 W Bayou Pkwy, Lafayette, LA 70503
      View Details
    • $17 SF/Yr
      120,000 SF

      Lafayette Office Building For Lease

      Modern Office Space, 3 Suites Available
      5750 Johnston St, Lafayette, LA 70503
      View Details
    • $18 SF/Yr
      24,277 SF

      Autumnwood Place: Prime Lafayette Retail

      Executive Suites, High Traffic Location
      2668 Johnston St, Lafayette, LA 70503
      View Details
    • $2,267 /Mo
      1,600 SF

      Oil Center Office Space Available

      Office space for rent in Lafayette's Oil Center.
      413 Travis St, Lafayette, LA 70503
      View Details
    • $1,636 /Mo
      1,227 SF

      Lafayette Office Space For Lease

      Executive office suites in prime location with ample parking.
      3639 Ambassador Caffery Pkwy, Lafayette, LA 70503
      View Details
    • $3,000 /Mo
      2,250 SF

      Renovated Office Space in Lafayette

      Recently renovated office space in Lafayette's Oil Center.
      1144 Coolidge Blvd, Lafayette, LA 70503
      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.
    401 Camino Real Rd
    Lafayette, LA 70503
    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.