Mechanic and Tire
For Sale
$380,000
1200 Moss St, Lafayette, LA 70501
Income-producing mechanic and tire shop with equipment included in the sale.
Property Size3,174 SF
Price / SF$119.72
Days on Market329
Property Features for 1200 Moss St
General Information
Standard status
Active
Size
3,174 SF
Additional Details
Business Included
Yes
Listing Agency:
Compass
(337) 322-8682
Listed By:
Kim Loan Mai Pham · License #995708688
(337) 322-8682
Source:
Exprealty
Added: Sep 22, 2025
Changed: Aug 11
Last Checked: Aug 16 at 10:12AM
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 Compass
Investment Insights
Based on property information with market context.
This for-sale mechanic and tire shop is currently producing monthly income. The property includes the shop equipment with the sale, offering a turnkey path for an operator looking to purchase an existing, working business or expand an established operation.
The shop is located at 1200 Moss St in Lafayette, Louisiana.
Ideal for buyers seeking an automotive-focused setup that can support ongoing mechanical and tire services immediately upon closing, based on the included equipment and existing operating income.
The shop is located at 1200 Moss St in Lafayette, Louisiana.
Ideal for buyers seeking an automotive-focused setup that can support ongoing mechanical and tire services immediately upon closing, based on the included equipment and existing operating income.
Key Highlights
- Income‑producing mechanic and tire shop with monthly income
- Equipment included in the sale
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
$14,975
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
3.94%
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%
$299,500
$299.5K
Cap Rate 7%
$213,929
$213.9K
Cap Rate 9%
$166,389
$166.4K
Market Conditions
NOI Build-Up for 3,174 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
$22.5K $7.08/SF
− Vacancy
−$1.1K −$0.34/SF
EGI
$21.4K $6.74/SF
− OpEx
−$6.4K −$2.02/SF
NOI
$15.0K $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 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%
$299,500
Cap Rate 7%
$213,929
Cap Rate 9%
$166,389
Alternative Uses
Best Use
Retail
$549.9K
$481.2K – $641.6K
NOI $38,493 @ 7.0% cap · market cap 10.13%
Second Best
Industrial
$213.9K
$187.2K – $249.6K
NOI $14,975 @ 7.0% cap · market cap 3.94%
Theoretical Best
Office A
$750.4K
$656.6K – $875.5K
NOI $52,531 @ 7.0% cap · market cap 13.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,061
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 70501, LA
28,721
Population
12,657
Households
2.3
Avg Household Size
38
Median Age
16%
College-Educated
78%
High-School Grad
15.3 sq mi
ZIP Area
1,877
Density / Sq Mi
$31,723
Median Household Income
$25,281
Median Earnings
$867
Median Rent
$117,200
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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- Gerber Collision & Glass — 900 E Simcoe St, Lafayette, LA 70501
- Jordan's Window Tinting — 108 W Simcoe St, Lafayette, LA 70501
Frequently Asked Questions
What type of property is this?
Auto shop - Income-producing mechanic and tire shop with equipment included in the sale.
Where is this auto shop located?
The property is located at 1200 Moss St Lafayette, LA.
What is the asking price?
The asking price for this property is $380,000.
What are key features of this property?
This property features: Income‑producing mechanic and tire shop with monthly income; Equipment included in the sale
