Five-Bay Automotive
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 Market1006
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
Lot features
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.
Subdivision
G3
Standard status
Active
APN
6149916
Size
3,700 SF
Lot size
0.29 Acres
Tenancy & Operations
Currently Operating
Yes
Tenant in Place
Yes
Business Included
Yes
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
Tax Annual Amount
1425
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
Cooling system
Window Unit(s)
Water source
Public
Building Details
Floors in Building
2
Flooring type
Concrete, Vinyl
Building materials
Frame, Metal Siding
Roof type
Metal
Buildings
2
Listing Agency:
Keaty Real Estate Team
(337) 235-7770
Listed By:
Tyler Albrecht · License #0995697749
(337) 780-9698
Added: Jan 27, 2024
Changed: Oct 23
Last Checked: Oct 29 at 9:06AM
MLS# 24000803
Copyright © 2026 ROAM MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The automotive property includes a 2,100-square-foot main shop with five bay doors, a 200-square-foot office with a bathroom, and 100 square feet of storage. A separate 1,600-square-foot building is divided between office and warehouse areas. Equipment included in the sale comprises car lifts, tire machines, compressors, and welding equipment. The business, known as Mr. Muffler, has served the area since 1983 and focuses on mufflers and tires.
The two buildings total 3,700 square feet on a 0.29-acre parcel in Lafayette. The property is zoned CH (Com Heavy) and has public water and sewer service.
The two buildings total 3,700 square feet on a 0.29-acre parcel in Lafayette. The property is zoned CH (Com Heavy) and has public water and sewer service.
Key Highlights
- Main automotive shop measures 70 by 30 feet (2,100 square feet) and has five bay doors
- Separate 40 by 40‑foot building (1,600 square feet) with office and warehouse areas
- Combined building area: 3,700 square feet on 0.29 acres
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,457
Cap Rate
3.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$349,140
$349.1K
Cap Rate 7%
$249,386
$249.4K
Cap Rate 9%
$193,967
$194.0K
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
−$7.5K −$2.02/SF
NOI
$17.5K $4.72/SF
Area
Lafayette, LA
Vacancy
4.80%
Lease Rate
$7.08 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$349,140
Cap Rate 7%
$249,386
Cap Rate 9%
$193,967
Alternative Uses
Best Use
Retail
$641.0K
$560.9K – $747.9K
NOI $44,872 @ 7.0% cap · market cap 9.97%
Second Best
Industrial
$249.4K
$218.2K – $291.0K
NOI $17,457 @ 7.0% cap · market cap 3.88%
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
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
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 Retail in South region
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 - Includes a second building configured with office and warehouse space, plus shop equipment for muffler and tire service.
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: Main automotive shop measures 70 by 30 feet (2,100 square feet) and has five bay doors; Separate 40 by 40‑foot building (1,600 square feet) with office and warehouse areas; Combined building area: 3,700 square feet on 0.29 acres
