Property profile

617 S Buchanan St Lafayette, LA 70501

FOR SALE
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Property ID
US36-0996994
4,100 SF 0.21 ac Built 1980
Last sale Jul 2024·$511,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Market Trends Soon

Property summary

AI-generated overview

The property is a 3,000-square-foot office building located at 617 S Buchanan Street in Lafayette’s central business district on a 0.21-acre lot. The interior includes wood flooring and two bathrooms, along with a balcony and a private courtyard that add additional usable outdoor space. The exterior is stucco, and the building is served by central heating and air conditioning. Covered and off-street parking are provided, and public water and sewer service the property.

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?
$7k
Tax billed · 2023
Assessed value$55k
Assessed land$6k
Assessed improvement$50k
Effective rate11.98%

Value estimate

· Nov 2026
$510k
$459k – $561k
AI approach$510k
Submarket $/SF estimate$608k
NOI build-up
Gross scheduled income$54k
Vacancy & credit loss−$7k
Operating expenses−$12k
NOI · 5.17% cap applied$35k

Realmo valuation models over county records and 7 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 comparables7

Cap rate analysis

How does the asset earn?
5.17%
$35k 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: HVAC Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
HVAC Service19.3
Realty agency18.9
Building Supply17.8

Location

617 S Buchanan St Lafayette, LA 70501
County assessor Recorded deeds · 2 transfers 7 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 · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
415 Pierce, Lafayette, LA 70501-5917 $450,000 Dec 2024 4,290 SF
1017 Lafayette St, Lafayette, LA 70501-6835 $215,000 Aug 2024 4,656 SF
3105 Louisiana, Lafayette, LA 70501-1404 $1,550,000 Mar 2024 4,064 SF
510 Johnston, Lafayette, LA 70501 $540,000 Jan 2024 3,652 SF
544 Jefferson, Lafayette, LA 70501-6906 $505,000 Jul 2023 4,104 SF
605 Congress, Lafayette, LA 70501-5853 $970,000 Jun 2023 4,614 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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Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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