Automotive Service
For Sale
$465,344
2016 NE Evangeline Thruway, Lafayette, LA 70501
Commercial Sale, Lafayette, LA
Property Size7,600 SF
Lot Size0.65 Acres
Price / SF$61.23
Days on Market226
Property Features for 2016 NE Evangeline Thruway
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
ch
Parking features
Parking Lot
Directions
From Willow and Evangeline Thwy, head north on NE Evangeline Thwy for 0.5 miles, turn right toward NE Frontage Rd for 0.1 mile and building will be on your left.
Subdivision
D
Standard status
Active
APN
6028335
Size
7,600 SF
Lot size
0.65 Acres
Additional Details
Real Estate Included
Yes
Taxes and HOA fees
Tax Description
P TR A SEC 13 T9S R4E (0.11 AC) (5181 SQ FT) SEC 13 T9S R4E (0.53 AC) (540641) (FIRESTONE BLDG)
Legal Description
P TR A SEC 13 T9S R4E (0.11 AC) (5181 SQ FT) SEC 13 T9S R4E (0.53 AC) (540641) (FIRESTONE BLDG)
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Floors in Building
1
Flooring type
Concrete
Building materials
Block
Roof type
Metal
Buildings
1
Listing Agency:
Scout Real Estate Co.
(337) 443-0880
Listed By:
Jake Zimmerman · License #995715702
(337) 781-9733
Added: Mar 12
Changed: Oct 23
Last Checked: Oct 23 at 4:06PM
MLS# 2600001960
Copyright © 2026 ROAM MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This automotive property at 2016 NE Evangeline Thruway contains approximately 7,600 square feet in a block-constructed building. Interior features include concrete flooring, central air conditioning, and electric heat. A metal roof covers the building, and a parking lot serves the site.
The property is zoned CH (commercial heavy) and sits along a major Lafayette corridor. Public water and sewer serve the site, with natural gas available.
The property is zoned CH (commercial heavy) and sits along a major Lafayette corridor. Public water and sewer serve the site, with natural gas available.
Key Highlights
- Approximately 7,600 square feet of building area
- CH (commercial heavy) zoning
- Block construction with concrete flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,858
Cap Rate
7.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$717,160
$717.2K
Cap Rate 7%
$512,257
$512.3K
Cap Rate 9%
$398,422
$398.4K
Market Conditions
NOI Build-Up for 7,600 SF
Gross rent
$53.8K $7.08/SF
− Vacancy
−$2.6K −$0.34/SF
EGI
$51.2K $6.74/SF
− OpEx
−$15.4K −$2.02/SF
NOI
$35.9K $4.72/SF
Area
Lafayette, LA
Vacancy
4.80%
Lease Rate
$7.08 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$717,160
Cap Rate 7%
$512,257
Cap Rate 9%
$398,422
Alternative Uses
Best Use
Retail
$1.32M
$1.15M – $1.54M
NOI $92,170 @ 7.0% cap · market cap 19.81%
Second Best
Industrial
$512.3K
$448.2K – $597.6K
NOI $35,858 @ 7.0% cap · market cap 7.71%
Theoretical Best
Office A
$1.80M
$1.57M – $2.10M
NOI $125,783 @ 7.0% cap · market cap 27.03%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
663
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 70501, LA
28,721
Population
12,657
Households
2.3
Avg Household Size
38
Median Age
16%
College-Educated
78%
High-School Grad
15.3 sq mi
ZIP Area
1,877
Density / Sq Mi
$31,723
Median Household Income
$25,281
Median Earnings
$867
Median Rent
$117,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
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- Roland's Alignment Services — 1200 Moss St, Lafayette, LA 70501
- Bingo Alignment And Auto Repair INC Bingo Auto Sales & Rent To Own INC — 1200 Moss St, Lafayette, LA 70501
Frequently Asked Questions
What type of property is this?
Auto shop - A substantial commercial building with CH zoning and access along a major Lafayette corridor.
Where is this auto shop located?
The property is located at 2016 NE Evangeline Thruway Lafayette, LA.
What is the asking price?
The asking price for this property is $465,344.
What are key features of this property?
This property features: Approximately 7,600 square feet of building area; CH (commercial heavy) zoning; Block construction with concrete flooring
