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 Market7
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
Concrete, Tile
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 9
Last Checked: Oct 13 at 6:06AM
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 includes a retail lobby, kitchen, bathroom with shower, and two offices. The shop area has high ceilings and three commercial overhead doors. Interior and exterior paint, along with the lobby and retail area, have been renovated. A rear addition was completed in 2007. Equipment, furniture, and fixtures are not included in the sale, though they may be negotiated separately.
The 0.41-acre property is zoned BG. Flood mapping places the front and about three-quarters of the building in Zone X, with the rear quarter, including the garage, in Zone AE.
The 0.41-acre property is zoned BG. Flood mapping places the front and about three-quarters of the building in Zone X, with the rear quarter, including the garage, in Zone AE.
Key Highlights
- 7,028‑square‑foot building on 0.41 acres
- BG zoning
- Three commercial overhead doors; two are listed in the 10–15 ft and 16–20 ft ranges
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
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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
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Frequently Asked Questions
What type of property is this?
Auto shop - Renovated automotive space combines customer-facing retail, offices, and a high-ceiling service area.
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 0.41 acres; BG zoning; Three commercial overhead doors; two are listed in the 10–15 ft and 16–20 ft ranges
