Car Wash with Expansion
For Sale
$299,900
110 Inez Ln, Lafayette, LA 70506
Existing wash improvements occupy a commercially zoned parcel with additional undeveloped ground for future development.
Property Size4,652 SF
Lot Size0.72 Acres
Price / SF$64.47
Days on Market53
Property Features for 110 Inez Ln
General Information
Standard status
Active
Size
4,652 SF
Lot size
0.72 Acres
Property subtype
Other
Zoning
CH
Additional Details
Road Access
Yes
Land Use
commercial
Amenities
Power
Water
Sewer
Building Details
Buildings
1
Abandoned
No
Listing Agency:
Epique Realty
Listed By:
Kiwi Bautista
(337) 706-4445
Source:
Lacdb.resimplifi
Added: Aug 17
Changed: Sep 10
Last Checked: Oct 7 at 8:41AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Epique Realty
Investment Insights
Based on property information with market context.
This car wash property includes an approximately 1,500-square-foot structure on a 0.72-acre commercial parcel. The balance of the site is undeveloped, creating additional ground area alongside the existing automotive use. Overall dimensions are roughly 250 feet by 125.3 feet, and the property is designated Flood Zone X.
The site is located at 110 Inez Ln in Lafayette, Louisiana, within a commercial corridor along Ambassador Caffery Parkway. Nearby businesses identified in the surrounding area include Murphy USA, Starbucks, and KOK Wings and Things. The parcel’s current configuration combines an operating car wash structure with land that may support expansion or redevelopment, subject to applicable approvals.
The site is located at 110 Inez Ln in Lafayette, Louisiana, within a commercial corridor along Ambassador Caffery Parkway. Nearby businesses identified in the surrounding area include Murphy USA, Starbucks, and KOK Wings and Things. The parcel’s current configuration combines an operating car wash structure with land that may support expansion or redevelopment, subject to applicable approvals.
Key Highlights
- 0.72‑acre parcel with approximately 31,363 sq ft of land
- Existing car wash structure measures approximately 1,500 sq ft
- Roughly 250' by 125.3' site dimensions
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,949
Cap Rate
7.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$438,980
$439.0K
Cap Rate 7%
$313,557
$313.6K
Cap Rate 9%
$243,878
$243.9K
Market Conditions
NOI Build-Up for 4,652 SF
Gross rent
$32.9K $7.08/SF
− Vacancy
−$1.6K −$0.34/SF
EGI
$31.4K $6.74/SF
− OpEx
−$9.4K −$2.02/SF
NOI
$21.9K $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 Rate 5%
$438,980
Cap Rate 7%
$313,557
Cap Rate 9%
$243,878
Alternative Uses
Best Use
Specialty Retail
$863.5K
$755.6K – $1.01M
NOI $60,448 @ 7.0% cap · market cap 20.16%
Second Best
Retail
$806.0K
$705.2K – $940.3K
NOI $56,418 @ 7.0% cap · market cap 18.81%
Theoretical Best
Office A
$1.10M
$962.4K – $1.28M
NOI $76,992 @ 7.0% cap · market cap 25.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
733
Businesses Nearby
Explore this area
Business Placement
Demographics for 70506, LA
39,801
Population
20,296
Households
2
Avg Household Size
36
Median Age
37%
College-Educated
91%
High-School Grad
20.8 sq mi
ZIP Area
1,914
Density / Sq Mi
$55,553
Median Household Income
$38,764
Median Earnings
$1,024
Median Rent
$215,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Car wash - Existing wash improvements occupy a commercially zoned parcel with additional undeveloped ground for future development.
Where is this car wash located?
The property is located at 110 Inez Ln Lafayette, LA.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: 0.72‑acre parcel with approximately 31,363 sq ft of land; Existing car wash structure measures approximately 1,500 sq ft; Roughly 250' by 125.3' site dimensions
