Auto Body Shop with Paint
For Sale
$349,500
331 E Jefferson Street, Opelousas, LA 70570
Commercial Sale, Opelousas, LA
Property Size3,813 SF
Lot Size0.28 Acres
Price / SF$91.66
Days on Market146
Property Features for 331 E Jefferson Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Parking
20
Security features
Security System
Exterior features
Fully Fenced, OH Door 10 - 15 Ft
Fencing
Full
Lot features
Corner
Directions
Coming from Lafayette head N on I 49 towards Opelousas. Take exit 18 for LA 31 Creswell Lane. Take a left onto Creswell Lane. Turn right onto S Union St. Turn right onto E Jefferson.
Subdivision
L2
Standard status
Active
APN
0100103900
Size
3,813 SF
Lot size
0.28 Acres
Taxes and HOA fees
Tax Description
1 LOT C (89.95X137.84) N GOUDEAU S JEFFERSON ST E WALNUT ST W GOUDEAU FRONTING 89.95' ON JEFFERSON ST IN SEC 88 T-6S R-4E 894450 (I-39-567) (LOT 3 BLK 3 E JEFFERSON ST
Legal Description
1 LOT C (89.95X137.84) N GOUDEAU S JEFFERSON ST E WALNUT ST W GOUDEAU FRONTING 89.95' ON JEFFERSON ST IN SEC 88 T-6S R-4E 894450 (I-39-567) (LOT 3 BLK 3 E JEFFERSON ST
Utilities
Heating system
Natural Gas
Cooling system
Window Unit(s)
Water source
Public
Amenities
downdraft heated paint booth
dedicated paint mixing room
Building Details
Flooring type
Concrete, Tile
Roof type
Metal
Listing Agency:
Real Broker, LLC
(337) 418-9700
Listed By:
Chris Lejeune · License #0995691823
(337) 224-7749
Added: Apr 22
Changed: Sep 12
Last Checked: Sep 14 at 4:06AM
MLS# 2600003554
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 3813-square-foot commercial property is configured for automotive repair and refinishing. The building includes a downdraft heated paint booth, a dedicated paint mixing room, repair-bay and preparation areas, vehicle storage space, a bathroom, and an overhead door measuring 10 - 15 Ft. The property is currently closed and retains equipment and infrastructure associated with collision repair and painting operations.
The site encompasses 0.28 acres at 331 E Jefferson Street in Opelousas, Louisiana. It is fully fenced and served by public water. Additional physical features include a metal roof, concrete and tile flooring, natural gas heating, and window-unit cooling.
The site encompasses 0.28 acres at 331 E Jefferson Street in Opelousas, Louisiana. It is fully fenced and served by public water. Additional physical features include a metal roof, concrete and tile flooring, natural gas heating, and window-unit cooling.
Key Highlights
- 3813 square feet configured for automotive repair and refinishing
- Downdraft heated paint booth remains in place
- Dedicated paint mixing room with ventilation‑focused layout
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
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Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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- 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 - Commercially zoned facility with fenced grounds, an overhead door, and specialized paint-shop improvements.
Where is this auto shop located?
The property is located at 331 E Jefferson Street 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: 3813 square feet configured for automotive repair and refinishing; Downdraft heated paint booth remains in place; Dedicated paint mixing room with ventilation‑focused layout
