4-Bay Self-Service Car
New
For Sale
$150,000
111 W Lafayette St, Maurice, LA 70555
Dedicated vacuum bays complement the property's self-service wash configuration.
Property Size1,215 SF
Days on Market2
Property Features for 111 W Lafayette St
General Information
Standard status
Active
Size
1,215 SF
Property subtype
Retail
Additional Details
Business Included
Yes
Highway Access
Yes
Car Wash Bays
4
Amenities
dedicated vacuum bays
Building Details
Building Size
1,215 SF
Abandoned
No
Listing Agency:
Elifin Realty
Listed By:
Garrett Ickles · License #995718576
(800) 895-9329
Source:
Elifinrealty
Added: Oct 16
Last Checked: Oct 16 at 1:55PM
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 Elifin Realty
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Investment Insights
Based on property information with market context.
This operating car wash is configured for self-service washing, with four wash bays and dedicated vacuum bays for vehicle cleaning.
The property is approximately 300 feet from the signalized intersection of US 167 and LA 92. It is next to a gas station described as high-traffic in the property information.
An adjacent in-bay automatic car wash is also available for purchase.
The property is approximately 300 feet from the signalized intersection of US 167 and LA 92. It is next to a gas station described as high-traffic in the property information.
An adjacent in-bay automatic car wash is also available for purchase.
Key Highlights
- Four self‑service wash bays
- Dedicated vacuum bays
- Approximately 300 ft from the US 167 and LA 92 signalized intersection
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$5,733
Cap Rate
3.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$114,660
$114.7K
Cap Rate 7%
$81,900
$81.9K
Cap Rate 9%
$63,700
$63.7K
Market Conditions
NOI Build-Up for 1,215 SF
Gross rent
$8.6K $7.08/SF
− Vacancy
−$413 −$0.34/SF
EGI
$8.2K $6.74/SF
− OpEx
−$2.5K −$2.02/SF
NOI
$5.7K $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%
$114,660
Cap Rate 7%
$81,900
Cap Rate 9%
$63,700
Alternative Uses
Best Use
Specialty Retail
$225.5K
$197.4K – $263.1K
NOI $15,788 @ 7.0% cap · market cap 10.53%
Second Best
Retail
$210.5K
$184.2K – $245.6K
NOI $14,735 @ 7.0% cap · market cap 9.82%
Theoretical Best
Office A
$287.3K
$251.4K – $335.2K
NOI $20,109 @ 7.0% cap · market cap 13.41%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
177
Businesses Nearby
Explore this area
Business Placement
Demographics for 70555, LA
8,925
Population
3,408
Households
2.6
Avg Household Size
36
Median Age
22%
College-Educated
86%
High-School Grad
47.2 sq mi
ZIP Area
189
Density / Sq Mi
$71,694
Median Household Income
$52,183
Median Earnings
$1,241
Median Rent
$228,500
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
Frequently Asked Questions
What type of property is this?
Self service car wash - Dedicated vacuum bays complement the property's self-service wash configuration.
Where is this self service car wash located?
The property is located at 111 W Lafayette St Maurice, LA.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: Four self‑service wash bays; Dedicated vacuum bays; Approximately 300 ft from the US 167 and LA 92 signalized intersection
