Building Details

Floors in Building 1

Flooring type Concrete

Roof type Metal

Additional Structures Storage

Listing Agency: Scout Real Estate Co. b***@scoutrec.com Show Phone

Listed By: Jeff Landry · License #995682229 Show Phone

Added: Mar 24 Changed: Oct 8 Last Checked: Oct 13 at 5:06AM

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MLS# 2600002417

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 2,650-square-foot property occupies 0.49 acres and was previously operated as a car wash. Improvements include concrete flooring, a metal roof, and outside storage. Public water and public sewer serve the property, which is zoned CH.

Located at 2849 Verot School Road in Lafayette, the site has road frontage on Verot School Road. Our Lady of Lourdes, Women’s and Children’s Hospital and Costco are nearby.

Key Highlights

• 0.49‑acre site with road frontage on Verot School Road
• 2,650‑square‑foot property previously operated as a car wash
• CH zoning

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$12,503

Cap Rate

4.24%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$250,060 $250.1K

Cap Rate 7%

$178,614 $178.6K

Cap Rate 9%

$138,922 $138.9K

Market Conditions

NOI Build-Up for 2,650 SF

Gross rent

$18.8K $7.08/SF

− Vacancy

−$901 −$0.34/SF

EGI

$17.9K $6.74/SF

− OpEx

−$5.4K −$2.02/SF

NOI

$12.5K $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%

$250,060

Cap Rate 7%

$178,614

Cap Rate 9%

$138,922

Alternative Uses

Best Use

Specialty Retail

$491.9K

$430.4K – $573.9K (±1% cap)

NOI $34,434 @ 7.0% cap · market cap 11.67%

Second Best

Retail

$459.1K

$401.7K – $535.6K (±1% cap)

NOI $32,138 @ 7.0% cap · market cap 10.89%

Theoretical Best

Office A

$626.6K

$548.2K – $731.0K (±1% cap)

NOI $43,859 @ 7.0% cap · market cap 14.87%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Foti Exterminating Co Garden Center Acadian Auto Spa Car Wash

Suggested Use

Top Pick Building Supply Parking Lot & Garage HVAC Service Auto Parts Store Electrical Service Daycare Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

407

Businesses Nearby

Explore this area Business Placement

Demographics for 70508, LA

40,343

Population

18,677

Households

2.2

Avg Household Size

38

Median Age

47%

College-Educated

94%

High-School Grad

24.3 sq mi

ZIP Area

1,660

Density / Sq Mi

$88,017

Median Household Income

$51,614

Median Earnings

$1,244

Median Rent

$299,200

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this car washes located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Car wash - The site has CH zoning and public water and sewer service.

Where is this car wash located?

The property is located at 2849 Verot School Road Lafayette, LA.

What is the asking price?

The asking price for this property is $295,000.

What are key features of this property?

This property features: 0.49‑acre site with road frontage on Verot School Road; 2,650‑square‑foot property previously operated as a car wash; CH zoning