Opelousas Strip Center For
1200 Heather Dr Opelousas, LA 70570
1200 Heather Dr, Opelousas, LA, 70570
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For Sale
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Retail strip center in prime location near shopping and cinema.
Property Size4,500 SF
Price / SF$100
Days on Market645
Property Features for 1200 Heather Dr
General Information
- Standard status
- Active
- Size
- 4,500 SF
- Property subtype
- Retail, Office
Listing agency
NAI Rampart
(337) 278-6444
Listed by
John Monteleone · License #LA SALE.0000021351-ACT
Source
Crexi
Added: Oct 15, 2024 Updated: Jul 10 at 3:44PM Checked: Jul 21 at 1:04PM
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 NAI Rampart
Investment Insights
Based on property information with market context.
This 4,500 sq ft strip center is located at the corner of Heather Dr. and Jake Dr., adjacent to St. Landry Cinema and across the street from St. Landry Plaza, a 200,000 sq ft shopping center. The building features a brick façade and a freshly coated roof as of June 2024. The property consists of three bays. Suite 1206 is a recently renovated 2,000 sq ft space currently occupied by Nikki Nails. Suite 1202 offers 1,500 sq ft and has been used as a boutique and barber shop. Suite 1200 is a 1,000 sq ft end-cap space that has been recently leased for counseling services. The property is zoned C-2 Large Scale Commercial District, which allows for a wide range of permitted business uses.
Key Highlights
- Excellent location at the corner of Heather Dr. and Jake Dr.
- Adjacent to St. Landry Cinema, the only theater in Opelousas.
- Across the street from St. Landry Plaza, a 200,000 sq ft shopping center with major retailers.
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 | $48.6k | $10.80 |
| − Vacancy | −$3.9k | −$0.86 |
| EGI | $44.7k | $9.94 |
| − OpEx | −$13.4k | −$2.98 |
| NOI | $31.3k | $6.96 |
4,500 SF · lease $10.80/SF/yr · vacancy 8.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$447.1K
$391.2K – $521.6K
NOI $31,298 @ 7.0% cap · market cap 6.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$678.9K
$594.0K – $792.0K
NOI $47,520 @ 7.0% cap · market cap 10.56%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Warren P. Menard, ...
Physician
Doll House Shoetique ...
Clothing & Fashion Store
Similar For Sale Nearby
FAQs
What type of property is this?
Strip mall - Retail strip center in prime location near shopping and cinema.
Where is this strip mall located?
The property is located at 1200 Heather Dr Opelousas, LA.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Excellent location at the corner of Heather Dr. and Jake Dr.; Adjacent to St. Landry Cinema, the only theater in Opelousas.; Across the street from St. Landry Plaza, a 200,000 sq ft shopping center with major retailers.
