Mixed-Use Property with Quonset
For Sale
$150,000
2010 Cummings St, Opelousas, LA 70570
Residential accommodations combine with extensive enclosed workspace, multiple outbuildings, and separate vehicle access on a spacious parcel.
Property Size1,228 SF
Lot Size1.36 Acres
Price / SF$122.15
Days on Market10
Property Features for 2010 Cummings St
General Information
Standard status
Active
Size
1,228 SF
Lot size
1.36 Acres
Listing Agency:
Coldwell Banker Trahan Real Estate Group
(337) 706-4580
Listed By:
Wendy Savoy · License #995683591
Source:
Athomerealtyla
Added: Aug 21
Changed: Aug 29
Last Checked: Aug 29 at 10:01PM
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 Coldwell Banker Trahan Real Estate Group
Investment Insights
Based on property information with market context.
This mixed-use property combines a 3-bedroom, 2-bath residence with substantial workspace and storage improvements across 1.36 acres. The home contains 1,228 square feet of living space and has central heat and air, with appliances included. A 40x60 Quonset building provides roll-up-door access and is expanded by a 30 x 30 front addition and a 12 x 38 rear addition containing a 1/2 bath.
Additional improvements include a 12 x 16 wooden building, other workshop and utility buildings, and a separate 32x22 structure with a whirlpool tub, shower, and plumbing for a toilet connection. A 32x24, 2-car garage includes reinforced beams and plumbing for a future bathroom. A second paved driveway supports access for work vehicles, trailers, and equipment. The property is located in St. Landry Parish near Opelousas, Louisiana.
Additional improvements include a 12 x 16 wooden building, other workshop and utility buildings, and a separate 32x22 structure with a whirlpool tub, shower, and plumbing for a toilet connection. A 32x24, 2-car garage includes reinforced beams and plumbing for a future bathroom. A second paved driveway supports access for work vehicles, trailers, and equipment. The property is located in St. Landry Parish near Opelousas, Louisiana.
Key Highlights
- 1.36‑acre mixed‑use property with a 3‑bedroom, 2‑bath home
- 1,228 sqft residence with central heat and air; all appliances remain
- 40x60 Quonset building with roll‑up doors, 30 x 30 front addition, and 12 x 38 rear addition
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
$8,372
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
5.58%
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%
$167,440
$167.4K
Cap Rate 7%
$119,600
$119.6K
Cap Rate 9%
$93,022
$93.0K
Market Conditions
NOI Build-Up for 1,228 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
$14.0K $11.40/SF
− Vacancy
−$1.1K −$0.91/SF
EGI
$12.9K $10.49/SF
− OpEx
−$4.5K −$3.67/SF
NOI
$8.4K $6.82/SF
Area
St. Landry County, LA
Vacancy
8.00%
Lease Rate
$11.40 /SF/Yr
Expense Ratio
35.00%
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%
$167,440
Cap Rate 7%
$119,600
Cap Rate 9%
$93,022
Alternative Uses
Best Use
Flex RnD
$119.6K
$104.7K – $139.5K
NOI $8,372 @ 7.0% cap · market cap 5.58%
Second Best
Mixed Use
$111.2K
$97.3K – $129.8K
NOI $7,787 @ 7.0% cap · market cap 5.19%
Theoretical Best
Office A
$185.3K
$162.1K – $216.1K
NOI $12,968 @ 7.0% cap · market cap 8.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
197
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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Residential accommodations combine with extensive enclosed workspace, multiple outbuildings, and separate vehicle access on a spacious parcel.
Where is this mixed-use property located?
The property is located at 2010 Cummings 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: 1.36‑acre mixed‑use property with a 3‑bedroom, 2‑bath home; 1,228 sqft residence with central heat and air; all appliances remain; 40x60 Quonset building with roll‑up doors, 30 x 30 front addition, and 12 x 38 rear addition
