Auto Shop with Paint
For Sale
$349,500
331 E Jefferson St, Opelousas, LA 70570
Commercial auto shop with a dedicated paint-mixing room and specialized collision-repair infrastructure.
Property Size3,813 SF
Price / SF$91.66
Days on Market134
Property Features for 331 E Jefferson St
General Information
Standard status
Active
Size
3,813 SF
Property subtype
Other
Zoning
NMU
Amenities
downdraft heated paint booth
paint mixing room
Listing Agency:
Real Broker, LLC
Listed By:
Lana Soileau · License #995684974
(337) 945-1324
Source:
Lacdb.resimplifi
Added: Apr 22
Changed: Aug 29
Last Checked: Sep 2 at 1:25PM
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 Real Broker, LLC
Investment Insights
Based on property information with market context.
This Opelousas commercial property is configured for auto body and collision-repair operations. The building includes a downdraft heated paint booth, a separate paint-mixing room, repair bays, preparation areas, and space for vehicle storage. Specialized equipment and supporting infrastructure remain in place, providing an established physical framework for an automotive operator.
The property is currently closed and carries NMU zoning. Its address is 331 E Jefferson St, Opelousas, LA 70570. The existing layout and equipment are focused on body repair and automotive painting rather than general retail use.
The property is currently closed and carries NMU zoning. Its address is 331 E Jefferson St, Opelousas, LA 70570. The existing layout and equipment are focused on body repair and automotive painting rather than general retail use.
Key Highlights
- Downdraft heated paint booth remains in place
- Dedicated paint‑mixing room with ventilation
- Layout includes repair bays and prep areas
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
$26,520
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
7.59%
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%
$530,400
$530.4K
Cap Rate 7%
$378,857
$378.9K
Cap Rate 9%
$294,667
$294.7K
Market Conditions
NOI Build-Up for 3,813 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
$41.2K $10.80/SF
− Vacancy
−$3.3K −$0.86/SF
EGI
$37.9K $9.94/SF
− OpEx
−$11.4K −$2.98/SF
NOI
$26.5K $6.96/SF
Area
St. Landry County, LA
Vacancy
8.00%
Lease Rate
$10.80 /SF/Yr
Expense Ratio
30.00%
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%
$530,400
Cap Rate 7%
$378,857
Cap Rate 9%
$294,667
Alternative Uses
Best Use
Retail
$378.9K
$331.5K – $442.0K
NOI $26,520 @ 7.0% cap · market cap 7.59%
Second Best
Industrial
$217.7K
$190.5K – $254.0K
NOI $15,239 @ 7.0% cap · market cap 4.36%
Theoretical Best
Office A
$575.2K
$503.3K – $671.1K
NOI $40,265 @ 7.0% cap · market cap 11.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
656
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 70570, LA
38,746
Population
17,099
Households
2.3
Avg Household Size
39
Median Age
15%
College-Educated
82%
High-School Grad
171.8 sq mi
ZIP Area
226
Density / Sq Mi
$45,276
Median Household Income
$33,090
Median Earnings
$764
Median Rent
$151,300
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Sterling Ford Service — interstate 49 south service rd, opelousas, la 70570
- Sterling Ford-Lincoln Service and Parts — 5524 i-49 frontage rd, opelousas, la 70570
- Take 5 Oil Change — 1108 Creswell Ln, Opelousas, LA 70570
- Sterling Buick GMC Service and Parts — 5853 Frontage Rd. I 49 South, 5853 Interstate 49 South Service Rd, Opelousas, LA 70570
- Sterling Collision Center — 5853 Interstate 49 South Service Rd, Opelousas, LA 70570
Frequently Asked Questions
What type of property is this?
Auto shop - Commercial auto shop with a dedicated paint-mixing room and specialized collision-repair infrastructure.
Where is this auto shop located?
The property is located at 331 E Jefferson St Opelousas, LA.
What is the asking price?
The asking price for this property is $349,500.
What are key features of this property?
This property features: Downdraft heated paint booth remains in place; Dedicated paint‑mixing room with ventilation; Layout includes repair bays and prep areas
