Drive-Through Retail Bank
1137 Main St Opelousas, LA 70570
1137 Main St, Opelousas, LA, 70570
$126,900
For Sale
$126,900
Versatile storefront building with cathedral ceiling, two drive-through windows, and a secure vault.
Property Size842 SF
Price / SF$150.71
Days on Market911
Property Features for 1137 Main St
General Information
- Standard status
- Active
- Size
- 842 SF
Listing Agency
RE/MAX Excellence
(337) 793-5738
Listed by
Toni L Effingger · License #0995680712
(337) 793-5738
Source
Exprealty
Added: Jan 18, 2024 Checked: Jul 15 at 9:08 pm
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
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
Local Financial Insights For Specialty 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 | $11.6k | $13.80 |
| − Vacancy | −$720 | −$0.86 |
| EGI | $10.9k | $12.94 |
| − OpEx | −$2.7k | −$3.24 |
| NOI | $8.2k | $9.71 |
842 SF · lease $13.80/SF/yr · vacancy 6.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$116.8K
$102.2K – $136.2K
NOI $8,174 @ 7.0% cap · market cap 6.44%
Second Best
Retail
$83.7K
$73.2K – $97.6K
NOI $5,856 @ 7.0% cap · market cap 4.61%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
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 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
