Car Wash
For Sale
$295,000
2849 Verot School Road, Lafayette, LA 70508
Commercial Sale, Lafayette, LA
Property Size2,650 SF
Lot Size0.49 Acres
Price / SF$111.32
Days on Market214
Property Features for 2849 Verot School Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
CH
Directions
From Ambassador Caffery Pkwy and Verot School Rd, the property is down on your left.
Subdivision
O
Standard status
Active
APN
6042319
Size
2,650 SF
Lot size
0.49 Acres
Additional Details
Real Estate Included
Yes
Taxes and HOA fees
Tax Description
LOT 2 SEC 26 R4E
Legal Description
LOT 2 SEC 26 R4E
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Floors in Building
1
Flooring type
Concrete
Building materials
Block
Roof type
Metal
Listing Agency:
Scout Real Estate Co.
(337) 443-0880
Listed By:
Jeff Landry · License #995682229
(337) 257-5380
Added: Mar 24
Changed: Oct 23
Last Checked: Oct 23 at 1:06PM
MLS# 2600002417
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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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,650-square-foot property on Verot School Road was previously used as a car wash. The 0.49-acre site includes a block building with concrete flooring and a metal roof.
The property is near Our Lady of Lourdes Women’s and Children’s Hospital and Costco. It is served by public water and public sewer and carries CH zoning.
The property is near Our Lady of Lourdes Women’s and Children’s Hospital and Costco. It is served by public water and public sewer and carries CH zoning.
Key Highlights
- 2,650‑square‑foot building on a 0.49‑acre site
- Previously operated as a car wash
- Zoned CH
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
NOI $34,434 @ 7.0% cap · market cap 11.67%
Second Best
Retail
$459.1K
$401.7K – $535.6K
NOI $32,138 @ 7.0% cap · market cap 10.89%
Theoretical Best
Office A
$626.6K
$548.2K – $731.0K
NOI $43,859 @ 7.0% cap · market cap 14.87%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Car wash - The site is zoned CH and has 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: 2,650‑square‑foot building on a 0.49‑acre site; Previously operated as a car wash; Zoned CH
