Car Wash with Membership
For Sale
$250,000
3226 W Pinhook Rd, Lafayette, LA 70503
Automotive service property near Highway-90 with approximately 125 membership clients and W Pinhook Road frontage.
Property Size1,140 SF
Days on Market94
Property Features for 3226 W Pinhook Rd
General Information
Standard status
Active
Size
1,140 SF
Property subtype
Commercial
Site & Location
Traffic Count
23,400 vehicles/day
Highway Access
Yes
Road Access
Yes
Additional Details
Business Included
Yes
Building Details
Building Size
1,140 SF
Year Built
2012
Abandoned
No
Listed By:
Jack Perez · License #02236779 (CA)
(949) 744-7897
Source:
Matthews
Added: Jul 18
Changed: Oct 14
Last Checked: Oct 19 at 3:13AM
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 Jack Perez
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Investment Insights
Based on property information with market context.
This car wash property is located on W Pinhook Road in Lafayette and was built in 2012. The site supports an established membership program with approximately 125 clients, providing an existing customer base for the automotive service operation.
Approximately 23,400 vehicles pass the property daily, while nearby Highway-90 carries around 54,600 vehicles per day. The property is situated in Lafayette, identified in the source information as the economic center of the Acadiana region, with a surrounding population of approximately 450,000 residents.
Approximately 23,400 vehicles pass the property daily, while nearby Highway-90 carries around 54,600 vehicles per day. The property is situated in Lafayette, identified in the source information as the economic center of the Acadiana region, with a surrounding population of approximately 450,000 residents.
Key Highlights
- Car wash property built in 2012
- Approximately 125 membership clients
- Approximately 23,400 vehicles pass by daily
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,813
Cap Rate
5.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$296,260
$296.3K
Cap Rate 7%
$211,614
$211.6K
Cap Rate 9%
$164,589
$164.6K
Market Conditions
NOI Build-Up for 1,140 SF
Gross rent
$21.5K $18.84/SF
− Vacancy
−$1.7K −$1.51/SF
EGI
$19.8K $17.33/SF
− OpEx
−$4.9K −$4.33/SF
NOI
$14.8K $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 Rate 5%
$296,260
Cap Rate 7%
$211,614
Cap Rate 9%
$164,589
Alternative Uses
Best Use
Specialty Retail
$211.6K
$185.2K – $246.9K
NOI $14,813 @ 7.0% cap · market cap 5.93%
Second Best
Retail
$197.5K
$172.8K – $230.4K
NOI $13,826 @ 7.0% cap · market cap 5.53%
Theoretical Best
Office A
$269.5K
$235.8K – $314.5K
NOI $18,867 @ 7.0% cap · market cap 7.55%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
23,400 VPD
Traffic count
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
429
Businesses Nearby
Explore this area
Business Placement
Demographics for 70503, LA
27,497
Population
13,052
Households
2.1
Avg Household Size
38
Median Age
55%
College-Educated
96%
High-School Grad
11.3 sq mi
ZIP Area
2,433
Density / Sq Mi
$94,360
Median Household Income
$54,170
Median Earnings
$1,087
Median Rent
$326,800
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 - Automotive service property near Highway-90 with approximately 125 membership clients and W Pinhook Road frontage.
Where is this car wash located?
The property is located at 3226 W Pinhook Rd 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: Car wash property built in 2012; Approximately 125 membership clients; Approximately 23,400 vehicles pass by daily
