920 E Laurel Ave, Eunice, LA 70535
Two adjoining, leased storefront units in a high-traffic shopping center support a retail-focused ownership strategy.
- Added:
- Oct 9, 2024
- Days on Market:
- 617
- Last Refresh:
- Jun 16 at 2:15 am
Property Features for 920 E Laurel Ave
General Information
- Standard status
- Active
- Size
- 3,000 SF
Listing agent Raymond A Aguillard License #59516 (337) 580-3705
Listing office DCG/Aguillard Realty (337) 580-3705
Listing date Oct 9, 2024
Source Exprealty
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 DCG/Aguillard Realty
HighLights
- Two adjoining leased storefront units in a high‑traffic shopping center
- Each unit is approximately 1,500 SF
- Units currently leased to a nail salon and a barber shop
Overview
The units are located within a high-traffic shopping center and are adjacent to established neighbors, including Dollar General and Donut Queen. This tenant mix and surrounding retail environment help maintain consistent day-to-day customer traffic for storefront activity.
For buyers seeking a retail investment with an operating tenant profile, the property offers two separate adjoining units that are already in use and generating rental income. Retail operators and investors can also evaluate the flexibility of acquiring both storefronts together for a single ownership position within the center.
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 | $32.4k | $10.80 |
| − Vacancy | −$2.6k | −$0.86 |
| EGI | $29.8k | $9.94 |
| − OpEx | −$8.9k | −$2.98 |
| NOI | $20.9k | $6.96 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- Petals & Pots — 751 Laurel St, Eunice, LA 70535
- Flower House — 450 N 2nd St, Eunice, LA 70535
Location Insight
- Map
- Local Demand
- City
- Eunice
- County
- St. Landry
- State
- Louisiana
- Longitude
- -92.40383
- Latitude
- 30.495197
