Mechanic and Tire
For Sale
$380,000
1200 Moss Street, Lafayette, LA 70501
COMMERCIAL - Lafayette, LA
Property Size3,174 SF
Lot Size0.50 Acres
Price / SF$119.72
Days on Market335
Property Features for 1200 Moss Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial Mix
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2
Parking features
Off Street
Exterior features
Door Sign, Fully Fenced, OH Door 10 - 15 Ft, Outside Storage
Fencing
Full
Lot features
Corner
Directions
From Kaliste Saloom turn left on Evangeline Thruway towards I-10, Turn right onto Jefferson Blvd. Left onto Moss St. Property on Right
Subdivision
D
Standard status
Active
APN
6036724
Size
3,174 SF
Lot size
0.50 Acres
Taxes and HOA fees
Tax Description
P LOT 20 & ALL OF LOT 21 BLK 9 NORTHSIDE SUBD
Legal Description
P LOT 20 & ALL OF LOT 21 BLK 9 NORTHSIDE SUBD
Utilities
Heating system
Electric (Heating), Central
Cooling system
Central Air
Water source
Public
Building Details
Floors in Building
1
Flooring type
Concrete
Roof type
Metal, Tar/Gravel
Additional Structures
Storage
Listing Agency:
Compass · ERA Real Estate
(337) 233-9700
Listed By:
Kim Loan Mai Pham · License #995708688
(337) 322-8682
Added: Sep 22, 2025
Changed: Aug 4
Last Checked: Aug 22 at 7:06PM
MLS# 2500003731
Copyright © 2026 Realtor Association of Acadiana. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This auto shop is for sale as a mechanic and tire shop, with income-producing operations reported on a monthly basis. The sale includes the shop’s equipment.
The property sits on a 0.5-acre lot in Lafayette, Louisiana, with zoning identified as Commercial Mix.
The building size is listed at 3,174 square feet, offering a compact commercial footprint for automotive service use.
The property sits on a 0.5-acre lot in Lafayette, Louisiana, with zoning identified as Commercial Mix.
The building size is listed at 3,174 square feet, offering a compact commercial footprint for automotive service use.
Key Highlights
- Income‑producing mechanic/tire shop.
- All equipment included in the sale.
- Opportunity to expand an existing mechanic/tire shop.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$14,975
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.94%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$299,500
$299.5K
Cap Rate 7%
$213,929
$213.9K
Cap Rate 9%
$166,389
$166.4K
Market Conditions
NOI Build-Up for 3,174 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$22.5K $7.08/SF
− Vacancy
−$1.1K −$0.34/SF
EGI
$21.4K $6.74/SF
− OpEx
−$6.4K −$2.02/SF
NOI
$15.0K $4.72/SF
Area
Lafayette, LA
Vacancy
4.80%
Lease Rate
$7.08 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$299,500
Cap Rate 7%
$213,929
Cap Rate 9%
$166,389
Alternative Uses
Best Use
Retail
$549.9K
$481.2K – $641.6K
NOI $38,493 @ 7.0% cap · market cap 10.13%
Second Best
Industrial
$213.9K
$187.2K – $249.6K
NOI $14,975 @ 7.0% cap · market cap 3.94%
Theoretical Best
Office A
$750.4K
$656.6K – $875.5K
NOI $52,531 @ 7.0% cap · market cap 13.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
640
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 70501, LA
28,721
Population
12,657
Households
2.3
Avg Household Size
38
Median Age
16%
College-Educated
78%
High-School Grad
15.3 sq mi
ZIP Area
1,877
Density / Sq Mi
$31,723
Median Household Income
$25,281
Median Earnings
$867
Median Rent
$117,200
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Good ole tires — 943 E Simcoe St, Lafayette, LA 70501
- New Dimension Automotive — 727 E Simcoe St, Lafayette, LA 70501
- Huval Body Shop, Inc — 334 Madison St, Lafayette, LA 70501
- Gerber Collision & Glass — 900 E Simcoe St, Lafayette, LA 70501
- Jordan's Window Tinting — 108 W Simcoe St, Lafayette, LA 70501
Frequently Asked Questions
What type of property is this?
Auto shop - Auto shop for sale with income-producing operations and included equipment in a commercial mix zoning area.
Where is this auto shop located?
The property is located at 1200 Moss Street Lafayette, LA.
What is the asking price?
The asking price for this property is $380,000.
What are key features of this property?
This property features: Income‑producing mechanic/tire shop.; All equipment included in the sale.; Opportunity to expand an existing mechanic/tire shop.
