Automotive Shop with Retail
214 Guilbeau Road, Lafayette, LA 70506
For Sale
$750,000
Pending
A renovated customer-facing space accompanies a large service area with high ceilings and commercial doors.
Property Size7,028 SF
Days on Market34
Property Features for 214 Guilbeau Road
General Information
Standard status
Size
Tenancy & Operations
Currently Operating
Real Estate Included
Additional Details
Automotive Uses
Taxes and HOA fees
Annual Taxes
Amenities
lobby/retail area
kitchen
bathroom with shower
offices
high ceilings
commercial doors
Listing Agency:
Keller Williams Realty Acadiana
(337) 735-9300
Listed By:
Walter Campbell · License LA #51344
(337) 251-6500
Source:
Exprealty
Added: Oct 7
Changed: Nov 4
Last Checked: Nov 8 at 9:56AM
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 Keller Williams Realty Acadiana
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Investment Insights
Based on property information with market context.
This 7,028-square-foot automotive property combines a customer-facing lobby and retail area with a spacious shop. Improvements include fresh interior and exterior paint, a kitchen, a bathroom with shower, and two offices. The shop has high ceilings and three large commercial doors. A rear addition was completed in 2007.
The property is currently operating as a Brakes For Less franchise. Franchise opportunities may be explored, or the building may be put to a different use. Equipment, furniture, and fixtures are excluded from the sale but may be negotiable.
According to the LSU flood map, the front and 3/4 of the building fall in flood zone X; the rear 1/4, including the garage, is in flood zone AE.
The property is currently operating as a Brakes For Less franchise. Franchise opportunities may be explored, or the building may be put to a different use. Equipment, furniture, and fixtures are excluded from the sale but may be negotiable.
According to the LSU flood map, the front and 3/4 of the building fall in flood zone X; the rear 1/4, including the garage, is in flood zone AE.
Key Highlights
- 7,028‑square‑foot automotive property
- Three large commercial doors and high ceilings in the shop
- Lobby and retail area, kitchen, bathroom with shower, and two offices
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,159
Cap Rate
4.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$663,180
$663.2K
Cap Rate 7%
$473,700
$473.7K
Cap Rate 9%
$368,433
$368.4K
Market Conditions
NOI Build-Up for 7,028 SF
Gross rent
$49.8K $7.08/SF
− Vacancy
−$2.4K −$0.34/SF
EGI
$47.4K $6.74/SF
− OpEx
−$14.2K −$2.02/SF
NOI
$33.2K $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%
$663,180
Cap Rate 7%
$473,700
Cap Rate 9%
$368,433
Alternative Uses
Best Use
Retail
$1.22M
$1.07M – $1.42M
NOI $85,233 @ 7.0% cap · market cap 11.36%
Second Best
Industrial
$473.7K
$414.5K – $552.7K
NOI $33,159 @ 7.0% cap · market cap 4.42%
Theoretical Best
Office A
$1.66M
$1.45M – $1.94M
NOI $116,316 @ 7.0% cap · market cap 15.51%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
940
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 70506, LA
39,801
Population
20,296
Households
2
Avg Household Size
36
Median Age
37%
College-Educated
91%
High-School Grad
20.8 sq mi
ZIP Area
1,914
Density / Sq Mi
$55,553
Median Household Income
$38,764
Median Earnings
$1,024
Median Rent
$215,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Max Auto Jeep Factory — 4895 Johnston St, Lafayette, LA 70503
- 5 Minute Oil Change — 3120 Ambassador Caffery Pkwy, Lafayette, LA 70506
- Take 5 Oil Change — 3120 Ambassador Caffery Pkwy, Lafayette, LA 70506
- BG Mobil Quick Lube LLC — 100 belle fontaine dr, lafayette, la 70506
- Grand Excel Towing Service — 4503 Johnston St, Lafayette, LA 70503
Frequently Asked Questions
What type of property is this?
Auto shop - A renovated customer-facing space accompanies a large service area with high ceilings and commercial doors.
Where is this auto shop located?
The property is located at 214 Guilbeau Road Lafayette, LA.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 7,028‑square‑foot automotive property; Three large commercial doors and high ceilings in the shop; Lobby and retail area, kitchen, bathroom with shower, and two offices
