Five-Bay Auto
For Sale
$450,000
401 Eighth Street, Lafayette, LA 70501
Commercial Sale, Lafayette, LA
Property Size3,700 SF
Lot Size0.29 Acres
Price / SF$121.62
Days on Market990
Property Features for 401 Eighth Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
CH (Com Heavy)
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Parking
16
Parking features
Garage, Parking Lot, Off Street
Security features
Security System
Exterior features
OH Door 16 - 20 Ft, Partially Fenced, Pole Sign
Fencing
Partial
Subdivision
Mccomb Addition
Lot features
Additional Land Avail, Level
Directions
From the Airport take Highway 90 North towards i-10. After Johnston Street it will be at the corner of the first street (Eighth Street) on the right.
Standard status
Active
APN
6149916
Size
3,700 SF
Lot size
0.29 Acres
Taxes and HOA fees
Tax Description
PARCEL I MCCOMB ADDITION (0.182 AC) PARCEL II MCCOMB ADDITION (0.112 AC) (2013-9882) (FKA P LOTS 7 8 9 10 BLK 35 MC
Legal Description
PARCEL I MCCOMB ADDITION (0.182 AC) PARCEL II MCCOMB ADDITION (0.112 AC) (2013-9882) (FKA P LOTS 7 8 9 10 BLK 35 MC
Utilities
Sewer type
Public Sewer
Heating system
Wall Furnace
Cooling system
Window Unit(s)
Water source
Public
Amenities
office
bathroom
storage room
warehouse
Building Details
Floors in Building
2
Flooring type
Vinyl, Concrete
Roof type
Metal
Listing Agency:
Keaty Real Estate Team
(337) 235-7770
Listed By:
Tyler Albrecht · License #0995697749
(337) 780-9698
Added: Jan 27, 2024
Changed: Oct 8
Last Checked: Oct 13 at 5:06AM
MLS# 24000803
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.
At 401 Eighth Street, this auto shop property includes 3,700 square feet across two buildings on a 0.29-acre parcel. The primary 2,100-square-foot building has five bay doors, a 200-square-foot office with a bathroom, and 100 square feet of storage. The second building measures 1,600 square feet and is arranged with office and warehouse areas.
Equipment included in the sale comprises car lifts, tire machines, compressors, and welding equipment. The property is zoned CH (Com Heavy) and has public water and sewer service. Exterior features include a pole sign and partial fencing; parking options include a lot and off-street spaces.
Equipment included in the sale comprises car lifts, tire machines, compressors, and welding equipment. The property is zoned CH (Com Heavy) and has public water and sewer service. Exterior features include a pole sign and partial fencing; parking options include a lot and off-street spaces.
Key Highlights
- 3,700 square feet across two buildings on 0.29 acres
- Main building measures 2,100 square feet and has five bay doors
- Main building includes a 200‑square‑foot office with bathroom and 100‑square‑foot storage room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,198
Cap Rate
4.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$423,960
$424.0K
Cap Rate 7%
$302,829
$302.8K
Cap Rate 9%
$235,533
$235.5K
Market Conditions
NOI Build-Up for 3,700 SF
Gross rent
$26.2K $7.08/SF
− Vacancy
−$1.3K −$0.34/SF
EGI
$24.9K $6.74/SF
− OpEx
−$3.7K −$1.01/SF
NOI
$21.2K $5.73/SF
Area
Lafayette, LA
Vacancy
4.80%
Lease Rate
$7.08 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$423,960
Cap Rate 7%
$302,829
Cap Rate 9%
$235,533
Alternative Uses
Best Use
Retail
$641.0K
$560.9K – $747.9K
NOI $44,872 @ 7.0% cap · market cap 9.97%
Second Best
Warehouse
$302.8K
$265.0K – $353.3K
NOI $21,198 @ 7.0% cap · market cap 4.71%
Theoretical Best
Office A
$874.8K
$765.5K – $1.02M
NOI $61,236 @ 7.0% cap · market cap 13.61%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
5
Service bays
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,848
Businesses Nearby
Well-served
Demand for This Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Allstar Mobile Mechanics — 1211 Johnston St, Lafayette, LA 70506
- Joe's Upholstery — 1500 Jefferson St, Lafayette, LA 70501
- Wipe Out — 613 E Convent St, Lafayette, LA 70501
- Jazz Auto Glass — 1711 Jefferson St A, Lafayette, LA 70501
- Cajuns Auto Interior, LLC — 619 e convent st, lafayette, la 70501
Frequently Asked Questions
What type of property is this?
Auto shop - Automotive service space includes a separate office-and-warehouse building and equipment for shop operations.
Where is this auto shop located?
The property is located at 401 Eighth Street Lafayette, LA.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 3,700 square feet across two buildings on 0.29 acres; Main building measures 2,100 square feet and has five bay doors; Main building includes a 200‑square‑foot office with bathroom and 100‑square‑foot storage room
