Wood-Floored Flex
For Sale
$147,000
129 W Landry Street, Opelousas, LA 70570
Commercial Sale, Opelousas, LA
Property Size580 SF
Lot Size0.08 Acres
Price / SF$253.45
Days on Market175
Property Features for 129 W Landry Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Parking features
Assigned, On Street
Exterior features
Partially Fenced
Fencing
Partial
Subdivision
Original Town of Opelousas
Directions
Coming from Lafayette head N on I 49 towards Opelousas. Take exit 19B to merge onto US 190 W towards Opelousas. In 0.3 miles destination will be on the left.
Standard status
Active
APN
0101603800
Size
580 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Description
1 LOT (35X100) BLK 13 ORIGINAL TOWN OF OPELOUSAS N LANDRY ST S WILSON E LOPEZ & BARSTOW W ELDER & WALKER FRONTING 35' ON LANDRY ST (3485 SQ FT) 1075227
Legal Description
1 LOT (35X100) BLK 13 ORIGINAL TOWN OF OPELOUSAS N LANDRY ST S WILSON E LOPEZ & BARSTOW W ELDER & WALKER FRONTING 35' ON LANDRY ST (3485 SQ FT) 1075227
Utilities
Heating system
Central
Cooling system
Central Air
Building Details
Floors in Building
1
Flooring type
Wood
Roof type
Metal
Listing Agency:
Real Broker, LLC
(337) 418-9700
Listed By:
Colby Richard · License #0995688740
(337) 290-3551
Added: Apr 6
Changed: Sep 13
Last Checked: Sep 27 at 6:06PM
MLS# 2600002976
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 580-square-foot flex space at 129 W Landry Street includes an open front area and additional flex space toward the rear. The interior features wood flooring, a bathroom, central heating, and central air. A metal roof and partial fencing complete the physical improvements.
The property is positioned across from Courthouse Square in Opelousas, placing it within the city’s downtown setting. Parking is available through assigned spaces and on-street options. Commercial zoning applies, and the property is offered for sale with a minimum 3-year lease option also identified for a qualified tenant.
The property is positioned across from Courthouse Square in Opelousas, placing it within the city’s downtown setting. Parking is available through assigned spaces and on-street options. Commercial zoning applies, and the property is offered for sale with a minimum 3-year lease option also identified for a qualified tenant.
Key Highlights
- 580 square feet of flex space
- Open front area with additional rear flex space
- Commercial zoning
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
$4,437
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
3.02%
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%
$88,740
$88.7K
Cap Rate 7%
$63,386
$63.4K
Cap Rate 9%
$49,300
$49.3K
Market Conditions
NOI Build-Up for 580 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
$7.0K $12.00/SF
− Vacancy
−$1.0K −$1.80/SF
EGI
$5.9K $10.20/SF
− OpEx
−$1.5K −$2.55/SF
NOI
$4.4K $7.65/SF
Area
St. Landry County, LA
Vacancy
15.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
25.00%
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%
$88,740
Cap Rate 7%
$63,386
Cap Rate 9%
$49,300
Alternative Uses
Best Use
Office B
$63.4K
$55.5K – $74.0K
NOI $4,437 @ 7.0% cap · market cap 3.02%
Second Best
Flex RnD
$56.5K
$49.4K – $65.9K
NOI $3,954 @ 7.0% cap · market cap 2.69%
Theoretical Best
Office A
$87.5K
$76.6K – $102.1K
NOI $6,125 @ 7.0% cap · market cap 4.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
724
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 70570, LA
38,746
Population
17,099
Households
2.3
Avg Household Size
39
Median Age
15%
College-Educated
82%
High-School Grad
171.8 sq mi
ZIP Area
226
Density / Sq Mi
$45,276
Median Household Income
$33,090
Median Earnings
$764
Median Rent
$151,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Commercially zoned property with central heating, central air, and assigned as well as on-street parking.
Where is this flex space located?
The property is located at 129 W Landry Street Opelousas, LA.
What is the asking price?
The asking price for this property is $147,000.
What are key features of this property?
This property features: 580 square feet of flex space; Open front area with additional rear flex space; Commercial zoning
