Office Building at Signalized
For Sale
$600,000
135 E Landry St, Opelousas, LA 70570
DMU-zoned commercial building with a former banking layout in downtown Opelousas.
Property Size6,993 SF
Price / SF$85.80
Days on Market314
Property Features for 135 E Landry St
General Information
Standard status
Active
Size
6,993 SF
Property subtype
Office
Zoning
DMU
Amenities
Water
Natural Gas
Listing Agency:
Hargroder Real Estate Group, Inc.
Listed By:
Dwayne Hargroder · License #995696954
(337) 993-0495
Source:
Lacdb.resimplifi
Added: Dec 5, 2025
Changed: Oct 7
Last Checked: Oct 14 at 7:44PM
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 Hargroder Real Estate Group, Inc.
Investment Insights
Based on property information with market context.
This office property contains 6,993 square feet under roof and previously operated as a banking location. The building’s established commercial configuration supports continued office use or reworking for another business operation, subject to applicable approvals.
The property occupies a corner at a signalized intersection in downtown Opelousas, providing a prominent setting within the city center. DMU zoning adds an important planning consideration for evaluating future use and redevelopment options.
The property occupies a corner at a signalized intersection in downtown Opelousas, providing a prominent setting within the city center. DMU zoning adds an important planning consideration for evaluating future use and redevelopment options.
Key Highlights
- 6,993 square feet under roof
- Former banking location
- Corner position at a signalized intersection
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,496
Cap Rate
8.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,069,920
$1.1M
Cap Rate 7%
$764,229
$764.2K
Cap Rate 9%
$594,400
$594.4K
Market Conditions
NOI Build-Up for 6,993 SF
Gross rent
$83.9K $12.00/SF
− Vacancy
−$12.6K −$1.80/SF
EGI
$71.3K $10.20/SF
− OpEx
−$17.8K −$2.55/SF
NOI
$53.5K $7.65/SF
Area
St. Landry County, LA
Vacancy
15.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,069,920
Cap Rate 7%
$764,229
Cap Rate 9%
$594,400
Alternative Uses
Best Use
Specialty Retail
$969.9K
$848.6K – $1.13M
NOI $67,890 @ 7.0% cap · market cap 11.32%
Second Best
Office B
$764.2K
$668.7K – $891.6K
NOI $53,496 @ 7.0% cap · market cap 8.92%
Theoretical Best
Office A
$1.05M
$923.1K – $1.23M
NOI $73,846 @ 7.0% cap · market cap 12.31%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
724
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
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office building - DMU-zoned commercial building with a former banking layout in downtown Opelousas.
Where is this office building located?
The property is located at 135 E Landry St Opelousas, LA.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: 6,993 square feet under roof; Former banking location; Corner position at a signalized intersection
