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 Size1,500 SF
Lot Size0.72 Acres
Price / SF$199.93
Days on Market15
Property Features for 110 Inez Ln
General Information
Standard status
Active
Size
1,500 SF
Lot size
0.72 Acres
Zoning
commercial
Additional Details
Road Access
Yes
Land Use
commercial
Building Details
Buildings
1
Abandoned
No
Listing Agency:
Epique Realty
(337) 706-4445
Listed By:
Kiwi Bautista
(337) 706-4445
Source:
Exprealty
Added: Aug 10
Changed: Aug 24
Last Checked: Aug 24 at 12:47PM
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 = 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
$19,491
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
6.50%
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%
$389,820
$389.8K
Cap Rate 7%
$278,443
$278.4K
Cap Rate 9%
$216,567
$216.6K
Market Conditions
NOI Build-Up for 1,500 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
$28.3K $18.84/SF
− Vacancy
−$2.3K −$1.51/SF
EGI
$26.0K $17.33/SF
− OpEx
−$6.5K −$4.33/SF
NOI
$19.5K $12.99/SF
Area
Lafayette, LA
Vacancy
8.04%
Lease Rate
$18.84 /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%
$389,820
Cap Rate 7%
$278,443
Cap Rate 9%
$216,567
Alternative Uses
Best Use
Specialty Retail
$278.4K
$243.6K – $324.9K
NOI $19,491 @ 7.0% cap · market cap 6.50%
Second Best
Retail
$259.9K
$227.4K – $303.2K
NOI $18,192 @ 7.0% cap · market cap 6.07%
Theoretical Best
Office A
$354.7K
$310.3K – $413.8K
NOI $24,826 @ 7.0% cap · market cap 8.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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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
