Brick Medical Office with
507 N Market Street Opelousas, LA 70570
507 N Market Street, Opelousas, LA, 70570
$187,000
For Sale
$187,000
COMMERCIAL - Opelousas, LA
Property Size2,371 SF
Price / SF$78.87
Days on Market469
Property Features for 507 N Market Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Commercial
- Bathrooms
- 3
- Rooms
- Bathroom 3, Bathroom 2, Bathroom 1
- Parking
- 9
- Parking features
- Secured, Off Street
- Exterior features
- Partially Fenced
- Fencing
- Partial
- Standard status
- Active
- APN
- 0102692700
- Size
- 2,371 SF
Taxes and HOA fees
- Tax Description
- Lot (77.5 x 120) N St Landry Clinic S Block St E Market St W St Landry Clinic 1188989 (Lot 1 Blk 5 N Market St
Utilities
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Floors in Building
- 1
- Roof type
- Metal
Listing agency
Compass
(337) 233-9700
Listed by
Ann Porche · License #16592
(337) 277-4652
Added: Apr 11, 2025 Updated: Jul 17 at 5:37AM Checked: Jul 23 at 6:06AM
MLS# 2020022800
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.
Solid brick frame commercial building with a metal roof, offering a front lobby and reception area with additional access/egress doors. The interior includes a side employee REX room with bathroom, two oversized hallways for circulation to the front and rear areas, and a larger private office off the lobby with a bathroom plus an additional bathroom along the rear hallway by the back lot entry. Flooring, interior painting, lighting, and the HVAC system have been recently updated.
The property is located in Opelousas, Louisiana and includes nine on-street parking spaces with one handicap-accessible space, along with additional rear parking in back of the lot for employees.
Past usage is identified as a medical office and Acadiana Pharmacy. Floor plans and a complete list of amenities are available in the attached documents.
The property is located in Opelousas, Louisiana and includes nine on-street parking spaces with one handicap-accessible space, along with additional rear parking in back of the lot for employees.
Past usage is identified as a medical office and Acadiana Pharmacy. Floor plans and a complete list of amenities are available in the attached documents.
Key Highlights
- Solid brick frame construction with a metal roof
- Central heating and central A/C; flooring, interior painting, lighting, and HVAC recently updated
- Front lobby/reception area plus multiple access points with three other access/egress doors
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $25.6k | $10.80 |
| − Vacancy | −$2.0k | −$0.86 |
| EGI | $23.6k | $9.94 |
| − OpEx | −$7.1k | −$2.98 |
| NOI | $16.5k | $6.96 |
2,371 SF · lease $10.80/SF/yr · vacancy 8.00% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$328.8K
$287.7K – $383.6K
NOI $23,018 @ 7.0% cap · market cap 12.31%
Second Best
Healthcare Medical
$316.5K
$276.9K – $369.2K
NOI $22,154 @ 7.0% cap · market cap 11.85%
Theoretical Best
Office A
$357.7K
$313.0K – $417.3K
NOI $25,038 @ 7.0% cap · market cap 13.39%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Richard Medical Clinic
Medical Clinic
Richard Arlene C ...
Pediatrician
Dawnia Willis
Pharmacy
Similar For Sale Nearby
FAQs
What type of property is this?
Medical Office Space - Solid brick office building with updated HVAC, lobby/reception, multiple offices, and on-street and rear parking.
Where is this medical office space located?
The property is located at 507 N Market Street Opelousas, LA.
What is the asking price?
The asking price for this property is $187,000.
What are key features of this property?
This property features: Solid brick frame construction with a metal roof; Central heating and central A/C; flooring, interior painting, lighting, and HVAC recently updated; Front lobby/reception area plus multiple access points with three other access/egress doors
