Mixed-Use Property with
For Sale
$145,000
2010 Cummings Street, Opelousas, LA 70570
Commercial Sale, Opelousas, LA
Property Size1,228 SF
Lot Size1.87 Acres
Price / SF$118.08
Days on Market102
Property Features for 2010 Cummings Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
99097
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 2, Bathroom 1, Bathroom 3
Parking features
Off Street, Garage
Exterior features
OH Door 10 - 15 Ft, OH Door 16 - 20 Ft, Partially Fenced, Outside Storage, Storage Building
Fencing
Partial
Lot features
Easements, Level
Directions
From Union Street/HWY 182, turn onto E Dunbar Ave. follow it to the ''T'' turn left on to McCarthy Ln. then turn right onto Cumming Street. First driveway on the left.
Subdivision
L2
Standard status
Active
APN
0100462555
Size
1,228 SF
Lot size
1.87 Acres
Taxes and HOA fees
Tax Description
A PARCEL OF LAND MEASURING 238 X 250 (1.36AC) LOCATED IN SEC 94 T6S R4E CITY OF OPELOUSAS, ST LANDRY PARISH
Legal Description
A PARCEL OF LAND MEASURING 238 X 250 (1.36AC) LOCATED IN SEC 94 T6S R4E CITY OF OPELOUSAS, ST LANDRY PARISH
Utilities
Heating system
Central, Electric (Heating)
Cooling system
Ceiling Fan(s), Central Air
Water source
Public
Building Details
Floors in Building
1
Flooring type
Carpet - Full, Tile, Concrete, Vinyl, Wood
Roof type
Composition, Metal
Additional Structures
Storage
Listing Agency:
Coldwell Banker Trahan Real Estate Group
(337) 993-1414
Listed By:
Wendy Savoy · License #995683591
(337) 706-4580
Added: Jun 10
Changed: Sep 16
Last Checked: Sep 19 at 2:06AM
MLS# 2600005349
Copyright © 2026 Realtor Association of Acadiana. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This mixed-use property combines a 1,228-square-foot, three-bedroom, two-bath home with extensive workspace and storage improvements. The property includes a 40-by-60-foot Quonset building with roll-up doors, a 30-by-30-foot front addition, and a 12-by-38-foot rear addition with a half bath. Additional structures include a 12-by-16-foot wooden building, a 32-by-22-foot building with a whirlpool tub, shower, and toilet-plumbing connection, plus a 32-by-24-foot two-car garage with reinforced beams and plumbing for a future bathroom.
A second paved driveway provides access for work vehicles, trailers, and equipment. The home offers central heating and air conditioning, and all appliances remain. Other features include public water, partial fencing, outside storage, concrete and tile flooring, and metal and composition roofing. The property is located in Opelousas, St. Landry Parish, Louisiana.
A second paved driveway provides access for work vehicles, trailers, and equipment. The home offers central heating and air conditioning, and all appliances remain. Other features include public water, partial fencing, outside storage, concrete and tile flooring, and metal and composition roofing. The property is located in Opelousas, St. Landry Parish, Louisiana.
Key Highlights
- 1,228‑square‑foot home with 3 bedrooms and 2 bathrooms
- 40‑by‑60‑foot Quonset building with roll‑up doors
- 30‑by‑30‑foot front addition and 12‑by‑38‑foot rear addition with a half bath
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
$7,787
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
5.37%
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%
$155,740
$155.7K
Cap Rate 7%
$111,243
$111.2K
Cap Rate 9%
$86,522
$86.5K
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
−$1.5K −$1.25/SF
EGI
$12.5K $10.15/SF
− OpEx
−$4.7K −$3.80/SF
NOI
$7.8K $6.34/SF
Area
St. Landry County, LA
Vacancy
11.00%
Lease Rate
$11.40 /SF/Yr
Expense Ratio
37.50%
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%
$155,740
Cap Rate 7%
$111,243
Cap Rate 9%
$86,522
Alternative Uses
Best Use
Mixed Use
$111.2K
$97.3K – $129.8K
NOI $7,787 @ 7.0% cap · market cap 5.37%
Second Best
Warehouse
$82.5K
$72.2K – $96.2K
NOI $5,774 @ 7.0% cap · market cap 3.98%
Theoretical Best
Office A
$185.3K
$162.1K – $216.1K
NOI $12,968 @ 7.0% cap · market cap 8.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Includes a single-family home, multiple outbuildings, and a second paved driveway for equipment and trailer access.
Where is this mixed-use property located?
The property is located at 2010 Cummings Street Opelousas, LA.
What is the asking price?
The asking price for this property is $145,000.
What are key features of this property?
This property features: 1,228‑square‑foot home with 3 bedrooms and 2 bathrooms; 40‑by‑60‑foot Quonset building with roll‑up doors; 30‑by‑30‑foot front addition and 12‑by‑38‑foot rear addition with a half bath
