Xpress Car Wash Investment
For Sale
Contact for pricing
Pending
1702 Saint Mary St, Scott, LA 70583
Established car wash business with recurring revenue in expanding Lafayette market.
Property Size1,620 SF
Days on Market145
Property Features for 1702 Saint Mary St
General Information
Standard status
Pending
Size
1,620 SF
Property subtype
Special Purpose
Building Details
Year Built
2016
Listing Agency:
Matthews
(949) 300-4676
Listed By:
Jack Perez · License #02236779
Source:
Crexi
Added: Mar 20
Changed: Aug 8
Last Checked: Aug 11 at 5:35PM
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 Matthews
Investment Insights
Based on property information with market context.
Xpress Car Wash, located at 1702 Saint Mary St, Scott, LA 70583, presents a lucrative investment opportunity. Situated in a high-traffic area with 17,400 vehicles per day, the property benefits from excellent visibility and convenience near Interstate 10. The car wash has 167 active members, providing recurring revenue. Located in Scott, a rapidly growing suburb of Lafayette, this property is suitable for an owner/user looking to acquire a business. The property size is 1,620 square feet. Investors may also benefit from potential tax advantages with bonus depreciation for eligible equipment. The property is available for auction with a starting bid of $350,000 on April 20th, 2026, at 9:00 am.
Key Highlights
- High‑traffic location with 17,400 vehicles per day, offering excellent visibility.
- Established car wash business with 167 active members, providing recurring revenue.
- Located in Scott, LA, a rapidly growing suburb of Lafayette.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$21,050
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.01%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$421,000
$421.0K
Cap Rate 7%
$300,714
$300.7K
Cap Rate 9%
$233,889
$233.9K
Market Conditions
NOI Build-Up for 1,620 SF
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.
Gross rent
$30.5K $18.84/SF
− Vacancy
−$2.5K −$1.51/SF
EGI
$28.1K $17.33/SF
− OpEx
−$7.0K −$4.33/SF
NOI
$21.1K $12.99/SF
Area
Lafayette County, LA
Vacancy
8.04%
Lease Rate
$18.84 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$421,000
Cap Rate 7%
$300,714
Cap Rate 9%
$233,889
Alternative Uses
Best Use
Specialty Retail
$300.7K
$263.1K – $350.8K
NOI $21,050 @ 7.0% cap · market cap 6.01%
Second Best
Retail
$280.7K
$245.6K – $327.5K
NOI $19,647 @ 7.0% cap · market cap 5.61%
Theoretical Best
Office A
$383.0K
$335.2K – $446.9K
NOI $26,812 @ 7.0% cap · market cap 7.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
315
Businesses Nearby
Explore this area
Business Placement
Demographics for 70583, LA
11,981
Population
4,476
Households
2.7
Avg Household Size
37
Median Age
19%
College-Educated
82%
High-School Grad
28.4 sq mi
ZIP Area
422
Density / Sq Mi
$52,856
Median Household Income
$45,131
Median Earnings
$877
Median Rent
$130,400
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Car wash - Established car wash business with recurring revenue in expanding Lafayette market.
Where is this car wash located?
The property is located at 1702 Saint Mary St Scott, LA.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: High‑traffic location with 17,400 vehicles per day, offering excellent visibility.; Established car wash business with 167 active members, providing recurring revenue.; Located in Scott, LA, a rapidly growing suburb of Lafayette.
