223 Main St, Opelousas, LA 70570
Office building with multiple private offices, conference space, and updated bathrooms and kitchen appliances.
- Added:
- Jul 15, 2024
- Days on Market:
- 711
- Last Refresh:
- Jun 16 at 2:54 am
Property Features for 223 Main St
General Information
- Standard status
- Active
- Size
- 2,100 SF
Listing office Dwight Andrus Real Estate Agency, LLC (337) 296-1540
Listing date Jul 15, 2024
Source Exprealty
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 Dwight Andrus Real Estate Agency, LLC
HighLights
- Office building in an Opportunity Zone with Main Street frontage across from the St. Landry Bank Building
- Receptionist area with window plus private office space, including 3 small separate offices and 2 large offices
- Conference room and large kitchen/break room with brand new appliances that remain with the property
- Updated bathrooms: full bath with new stand‑up shower and a half bath
- Brand new water heater plus 2 large storage rooms
- Estimated monthly utilities: Cleco ~$80, CenterPoint ~$30, Opelousas water/sewer ~$30; Spectrum internet ~$70; Firewire security system ~$35
Overview
Located in an Opportunity Zone in the heart of Opelousas, the property has Main Street frontage across from the St. Landry Bank Building and is within walking distance to the courthouse. Utility estimates provided include Cleco averaging $80/month, Centerpoint averaging $30/month, and City of Opelousas water and sewer averaging $30/month.
For tenants, this layout supports professional services that benefit from a reception area, several private offices, and a dedicated conference room. The updated break room appliances and newer water heater reduce near-term turnover concerns, while the storage rooms help keep operational and client-facing materials organized.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $25.2k | $12.00 |
| − Vacancy | −$3.8k | −$1.80 |
| EGI | $21.4k | $10.20 |
| − OpEx | −$5.4k | −$2.55 |
| NOI | $16.1k | $7.65 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Opelousas
- County
- St. Landry
- State
- Louisiana
- Longitude
- -92.081684
- Latitude
- 30.535279
