Automotive Shop with Retail
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 Market17
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
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
Tenancy & Operations
Currently Operating
Yes
Real Estate Included
Yes
Additional Details
Automotive Uses
auto repair
Taxes and HOA fees
Tax Description
Tr C Sec 9 T10s R4e (0.41 Ac) (126.02X165.92X93.74X162.32)
Tax Annual Amount
3905
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
kitchen
bathroom with shower
two offices
large commercial doors
newly designed lobby/retail area
high ceilings
Building Details
Floors in Building
1
Flooring type
Tile, Concrete, Vinyl
Building materials
Metal Siding
Roof type
Metal
Listing Agency:
Keller Williams Realty Acadiana
(337) 735-9300
Listed By:
Walter Campbell · License #51344
(337) 251-6500
Added: Oct 7
Changed: Oct 23
Last Checked: Oct 23 at 2:06PM
MLS# 2600009477
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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Investment Insights
Based on property information with market context.
This automotive shop includes a retail lobby, kitchen, bathroom with shower, and two offices. The work area has high ceilings and three commercial doors. A rear addition dates to 2007, and the building has received extensive renovation, including new interior and exterior paint. The property contains 7,028 square feet on a 0.41-acre lot, with BG zoning.
Located at 214 Guilbeau Road in Lafayette, the building is served by public water and sewer. According to the LSU flood map, the front and approximately three-quarters of the building are in Flood Zone X; the rear quarter, including the garage, is in Flood Zone AE. Equipment, furniture, and fixtures are excluded from the sale but may be negotiable.
Located at 214 Guilbeau Road in Lafayette, the building is served by public water and sewer. According to the LSU flood map, the front and approximately three-quarters of the building are in Flood Zone X; the rear quarter, including the garage, is in Flood Zone AE. Equipment, furniture, and fixtures are excluded from the sale but may be negotiable.
Key Highlights
- 7,028‑square‑foot building on a 0.41‑acre lot
- Rear addition completed in 2007
- Two offices, kitchen, 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.
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Current Use
Location Intelligence
Trade Area within ½ mile
940
Businesses Nearby
Well-served
Demand for This Use
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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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Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Max Auto Jeep Factory — 4895 Johnston St, Lafayette, LA 70503
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- 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 service property combines a customer-facing lobby, offices, and a spacious work area with three 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 building on a 0.41‑acre lot; Rear addition completed in 2007; Two offices, kitchen, and bathroom with shower
