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Property profile & analytics

810 College Rd Lafayette, LA 70503

  • Commercial real estate
OFF-MARKET
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US36-0789565
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

  • Eagle Run Apartments / Apartment Building / Apartment Complex
  • Sourced Spread / Vegan Restaurant / Food Producer

Property Details for 810 College Rd

Year built
1960
Property type
Commercial real estate

Description

This exceptional 95-unit apartment complex presents a compelling value-add opportunity in Lafayette, Louisiana. The property, known as Eagle Run Apartments, comprises seven, two-story buildings totaling 73,972 square feet of net rentable space. Constructed in 1960, this Class C multifamily asset offers significant upside potential through interior unit upgrades, capitalizing on a meaningful rent delta compared to market leaders. Its prime location in Lafayette provides easy access to the University of Louisiana at Lafayette (approximately 17,000 students), downtown Lafayette, and numerous local amenities. The strong local market boasts impressive demographics, with average household incomes of $138,672 within a one-mile radius and $89,924 within a three-mile radius. Furthermore, the property benefits from favorable market fundamentals, including limited new supply – only one new construction project is currently underway in Lafayette, with completion anticipated in Q1 2025. This scarcity minimizes concessionary pressure and supports future net growth, enhanced by Lafayette's consistent population growth of approximately 2% annually since 2020. The substantial 15.4 million square feet of commercial space within a five-mile radius further underscores the property's strategic location and market strength. This is a rare opportunity to acquire a well-positioned multifamily asset with considerable potential for value creation. The property is located at 810 S College Rd, Lafayette, LA 70503.


Value Estimations

based on Realmo’s proprietary methodology
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  • CAP approach

  • Comparable approach

  • Alternative Use

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Location Insight

  • Map
  • Local Demand
City
Lafayette
County
Lafayette Parish
State
Louisiana
Longitude
-92.0317197
Latitude
30.2015711
More about this property
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