Office and Flex Space
129 Landry St Opelousas, LA 70570
129 Landry St, Opelousas, LA, 70570
$150,000
For Sale
$150,000
Downtown Opelousas building with a large open front area and a separate rear flex space.
Property Size580 SF
Price / SF$258.62
Days on Market105
Property Features for 129 Landry St
General Information
- Standard status
- Active
- Size
- 580 SF
Listing agency
Real Broker, LLC
(337) 290-3551
Listed by
Colby Richard · License #0995688740
(337) 290-3551
Source
Exprealty
Added: Apr 9 Updated: Jul 22 at 4:14AM Checked: Jul 22 at 4:14AM
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 Real Broker, LLC
Investment Insights
Based on property information with market context.
The Jim Bowie Building offers an expansive layout designed around a large, open front area with natural light, supporting flexible office and tenant configurations. In addition to the main front space, there is a spacious rear flex area that can accommodate a variety of back-of-house or supplemental uses.
The property is located directly across from the historic Courthouse Square in downtown Opelousas, providing immediate access to the area’s established commercial center.
Offered for sale, the owner also indicates an available minimum 3-year lease option for the right tenant. The floor plan’s scale is best appreciated in person, and a private tour is recommended to evaluate the space and layout options.
The property is located directly across from the historic Courthouse Square in downtown Opelousas, providing immediate access to the area’s established commercial center.
Offered for sale, the owner also indicates an available minimum 3-year lease option for the right tenant. The floor plan’s scale is best appreciated in person, and a private tour is recommended to evaluate the space and layout options.
Key Highlights
- Downtown Opelousas commercial building across from Historic Courthouse Square
- Large open front area with a flexible layout and natural light
- Separate rear flex space for additional use or layout options
Local Financial Insights For Office B
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 | $7.0k | $12.00 |
| − Vacancy | −$1.0k | −$1.80 |
| EGI | $5.9k | $10.20 |
| − OpEx | −$1.5k | −$2.55 |
| NOI | $4.4k | $7.65 |
580 SF · lease $12.00/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$63.4K
$55.5K – $74.0K
NOI $4,437 @ 7.0% cap · market cap 2.96%
Second Best
Retail
$57.6K
$50.4K – $67.2K
NOI $4,034 @ 7.0% cap · market cap 2.69%
Theoretical Best
Office A
$87.5K
$76.6K – $102.1K
NOI $6,125 @ 7.0% cap · market cap 4.08%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office buildings
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FAQs
What type of property is this?
Office building - Downtown Opelousas building with a large open front area and a separate rear flex space.
Where is this office building located?
The property is located at 129 Landry St 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: Downtown Opelousas commercial building across from Historic Courthouse Square; Large open front area with a flexible layout and natural light; Separate rear flex space for additional use or layout options
