Zydeco Car Wash
For Sale
Contact for pricing
Pending
320 W Willow St, Lafayette, LA 70501
Car wash business, building, and real estate for sale.
Property Size1,120 SF
Days on Market157
Property Features for 320 W Willow St
General Information
Standard status
Pending
Size
1,120 SF
Property subtype
Special Purpose
Building Details
Year Built
2016
Listing Agency:
Matthews
(949) 300-4676
Listed By:
Jack Perez · License #02236779
Source:
Crexi
Added: Mar 20
Changed: Aug 8
Last Checked: Aug 23 at 5:08AM
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 Matthews
Investment Insights
Based on property information with market context.
Zydeco Car Wash, located at 320 W Willow St, Lafayette, LA 70501, presents a retail investment opportunity. This offering includes the business, building, and real estate of Zydeco Ride & Shine Car Wash. Situated in a high-visibility area along W Willow St, the property benefits from its central Lafayette location, surrounded by residential neighborhoods and retailers such as Home Depot and McDonald’s. The location benefits from 24,009 vehicles passing by daily. The site lies within an Opportunity Zone, offering potential tax advantages. The property features a 1,120 SF floor area and modern car wash equipment. The property is intended for owner/user acquisition of the car wash business. Bonus depreciation for car wash equipment may enhance the financial appeal.
Key Highlights
- High‑visibility location on W Willow St with significant daily traffic (24,009 vehicles).
- Opportunity Zone location offering potential tax advantages.
- Owner/user acquisition opportunity including the business, building, and real estate.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$14,553
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.82%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$291,060
$291.1K
Cap Rate 7%
$207,900
$207.9K
Cap Rate 9%
$161,700
$161.7K
Market Conditions
NOI Build-Up for 1,120 SF
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.
Gross rent
$21.1K $18.84/SF
− Vacancy
−$1.7K −$1.51/SF
EGI
$19.4K $17.33/SF
− OpEx
−$4.9K −$4.33/SF
NOI
$14.6K $12.99/SF
Area
Lafayette, LA
Vacancy
8.04%
Lease Rate
$18.84 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$291,060
Cap Rate 7%
$207,900
Cap Rate 9%
$161,700
Alternative Uses
Best Use
Specialty Retail
$207.9K
$181.9K – $242.6K
NOI $14,553 @ 7.0% cap · market cap 5.82%
Second Best
Retail
$194.0K
$169.8K – $226.4K
NOI $13,583 @ 7.0% cap · market cap 5.43%
Theoretical Best
Office A
$264.8K
$231.7K – $308.9K
NOI $18,536 @ 7.0% cap · market cap 7.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
592
Businesses Nearby
Explore this area
Business Placement
Demographics for 70501, LA
28,721
Population
12,657
Households
2.3
Avg Household Size
38
Median Age
16%
College-Educated
78%
High-School Grad
15.3 sq mi
ZIP Area
1,877
Density / Sq Mi
$31,723
Median Household Income
$25,281
Median Earnings
$867
Median Rent
$117,200
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Car wash - Car wash business, building, and real estate for sale.
Where is this car wash located?
The property is located at 320 W Willow St Lafayette, LA.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: High‑visibility location on W Willow St with significant daily traffic (24,009 vehicles).; Opportunity Zone location offering potential tax advantages.; Owner/user acquisition opportunity including the business, building, and real estate.
