Automotive Shop with Retail
New
For Sale
$750,000
214 Guilbeau Road, Lafayette, LA 70506
Commercial Sale, Lafayette, LA
Property Size7,028 SF
Lot Size0.41 Acres
Price / SF$106.72
Days on Market2
Property Features for 214 Guilbeau Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
BG
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Security features
Security System
Exterior features
Door Sign, OH Door 10 - 15 Ft, OH Door 16 - 20 Ft, Partially Fenced, Roof Sign
Fencing
Partial
Directions
From Johnston Street, turn onto Guilbeau heading towards Congress Street. Building will be on the right.
Subdivision
G3
Standard status
Active
APN
6072854
Size
7,028 SF
Lot size
0.41 Acres
Taxes and HOA fees
Tax Description
Tr C Sec 9 T10s R4e (0.41 Ac) (126.02X165.92X93.74X162.32)
Legal Description
Tr C Sec 9 T10s R4e (0.41 Ac) (126.02X165.92X93.74X162.32)
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
lobby/retail area
kitchen
bathroom with shower
two offices
high ceilings
three large commercial doors
Building Details
Floors in Building
1
Flooring type
Tile, Concrete
Roof type
Metal
Listing Agency:
Keller Williams Realty Acadiana
(337) 735-9300
Listed By:
Walter R Campbell · License #51344
(337) 251-6500
Added: Oct 7
Changed: Oct 8
Last Checked: Oct 8 at 12:06PM
MLS# 2600009477
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 7,028-square-foot automotive property on a 0.41-acre lot is configured with a retail lobby, kitchen, two offices, and a bathroom with shower. The shop has high ceilings and three large commercial doors. A rear addition dates to 2007, and the building has received interior and exterior paint work. Flooring includes tile and concrete, with central heating and air conditioning and a metal roof.
The property is zoned BG and has public water and sewer. It is currently operating as a Brakes For Less franchise. Equipment, furniture, and fixtures are excluded from the sale but may be negotiated separately.
The property is zoned BG and has public water and sewer. It is currently operating as a Brakes For Less franchise. Equipment, furniture, and fixtures are excluded from the sale but may be negotiated separately.
Key Highlights
- 7,028‑square‑foot building on a 0.41‑acre lot
- Automotive shop with three large commercial doors and high ceilings
- Retail lobby, kitchen, two offices, and bathroom with shower
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.
Property Analytics
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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
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
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- Grand Excel Towing Service — 4503 Johnston St, Lafayette, LA 70503
Frequently Asked Questions
What type of property is this?
Auto shop - The property combines a customer-facing lobby with a spacious shop, two offices, and a bathroom with shower.
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 building on a 0.41‑acre lot; Automotive shop with three large commercial doors and high ceilings; Retail lobby, kitchen, two offices, and bathroom with shower
