Drive-Through Retail Bank
For Sale
$126,900
1137 N Main St, Opelousas, LA 70570
Versatile storefront building with cathedral ceiling, two drive-through windows, and a secure vault.
Property Size842 SF
Price / SF$150.71
Days on Market104
Property Features for 1137 N Main St
General Information
Standard status
Active
Size
842 SF
Building Details
Year Renovated
2022
Listing Agency:
RE/MAX Excellence
Listed By:
Toni L Effingger · License #0995680712
(337) 793-5738
Source:
Athomerealtyla
Added: Jul 13
Changed: Oct 9
Last Checked: Oct 7 at 4:09PM
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 RE/MAX Excellence
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Investment Insights
Based on property information with market context.
This versatile storefront building was originally used as a bank substation and features an open-concept interior with a cathedral ceiling. The property includes two drive-through windows, functional drawers designed for money handling, and a secure vault. It is currently operating as a barber shop.
The exterior has been freshly painted, and the roof has been replaced. A privacy fence was completed in 2022.
With its drive-through capability and previously bank-built components, the building offers a distinctive foundation for a variety of retail or service uses.
The exterior has been freshly painted, and the roof has been replaced. A privacy fence was completed in 2022.
With its drive-through capability and previously bank-built components, the building offers a distinctive foundation for a variety of retail or service uses.
Key Highlights
- Originally used as a bank substation, now operating as a barber shop with an open concept interior
- Cathedral ceiling plus open layout for flexible business use
- Two drive‑through windows originally designed for walk‑up service
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$5,856
Cap Rate
4.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$117,120
$117.1K
Cap Rate 7%
$83,657
$83.7K
Cap Rate 9%
$65,067
$65.1K
Market Conditions
NOI Build-Up for 842 SF
Gross rent
$9.1K $10.80/SF
− Vacancy
−$727 −$0.86/SF
EGI
$8.4K $9.94/SF
− OpEx
−$2.5K −$2.98/SF
NOI
$5.9K $6.96/SF
Area
St. Landry County, LA
Vacancy
8.00%
Lease Rate
$10.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$117,120
Cap Rate 7%
$83,657
Cap Rate 9%
$65,067
Alternative Uses
Best Use
Retail
$83.7K
$73.2K – $97.6K
NOI $5,856 @ 7.0% cap · market cap 4.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$127.0K
$111.2K – $148.2K
NOI $8,892 @ 7.0% cap · market cap 7.01%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
528
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 Retail in South region
Frequently Asked Questions
What type of property is this?
Storefront property - Versatile storefront building with cathedral ceiling, two drive-through windows, and a secure vault.
Where is this storefront property located?
The property is located at 1137 N Main St Opelousas, LA.
What is the asking price?
The asking price for this property is $126,900.
What are key features of this property?
This property features: Originally used as a bank substation, now operating as a barber shop with an open concept interior; Cathedral ceiling plus open layout for flexible business use; Two drive‑through windows originally designed for walk‑up service
