Retail Space with Dedicated
1203 S Union Street, Opelousas, LA 70570
For Sale
$150,000
Commercial Sale, Opelousas, LA
Property Size1,650 SF
Lot Size0.14 Acres
Price / SF$90.91
Days on Market26
Property Features for 1203 S Union Street
General Information
Property type
Property subtype
Zoning
Bathrooms
Full bathrooms
Rooms
Parking
Parking features
Subdivision
Lot features
Directions
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Buildings
Listing Agency:
Real Broker, LLC
(337) 534-0555
Listed By:
Jamie Knight · License LA #69168
(337) 654-3174
Added: Oct 20
Changed: Nov 11
Last Checked: Nov 14 at 8:06PM
MLS# 2600009913
Copyright © 2026 ROAM MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,650-square-foot brick retail property contains two distinct units. One is leased to a hair salon; the other has an open layout, new flooring, and a private restroom. Tile and vinyl flooring, central heating and air conditioning, and two bathrooms are among the building’s features.
The 0.14-acre property is at 1203 S Union Street in Opelousas and is zoned NMU. A parking lot provides 10 dedicated spaces. Public water and sewer serve the site.
The 0.14-acre property is at 1203 S Union Street in Opelousas and is zoned NMU. A parking lot provides 10 dedicated spaces. Public water and sewer serve the site.
Key Highlights
- Two retail units totaling 1,650 square feet
- One unit leased to a hair salon; the other has an open layout and private restroom
- 10 dedicated parking spaces on a 0.14‑acre property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,476
Cap Rate
7.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$229,520
$229.5K
Cap Rate 7%
$163,943
$163.9K
Cap Rate 9%
$127,511
$127.5K
Market Conditions
NOI Build-Up for 1,650 SF
Gross rent
$17.8K $10.80/SF
− Vacancy
−$1.4K −$0.86/SF
EGI
$16.4K $9.94/SF
− OpEx
−$4.9K −$2.98/SF
NOI
$11.5K $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%
$229,520
Cap Rate 7%
$163,943
Cap Rate 9%
$127,511
Alternative Uses
Best Use
Retail
$163.9K
$143.5K – $191.3K
NOI $11,476 @ 7.0% cap · market cap 7.65%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$248.9K
$217.8K – $290.4K
NOI $17,424 @ 7.0% cap · market cap 11.62%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
487
Businesses Nearby
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
$151,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Retail space in St. Landry County, LA
Properties on Market for Retail space in St. Landry County
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - Two separate suites include a salon-occupied unit and an open, move-in-ready space with a private restroom.
Where is this retail space located?
The property is located at 1203 S Union Street Opelousas, 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: Two retail units totaling 1,650 square feet; One unit leased to a hair salon; the other has an open layout and private restroom; 10 dedicated parking spaces on a 0.14‑acre property
