Retail Storefront with
For Sale
$93,500
412 N Martin L King Dr, Eunice, LA 70535
Retail storefront property with ample front and rear parking, offered for sale in Eunice.
Property Size900 SF
Price / SF$103.89
Days on Market287
Property Features for 412 N Martin L King Dr
General Information
Standard status
Active
Size
900 SF
Listing Agency:
Sold Realty, LLC
Listed By:
Lisa F Feucht
(337) 580-3205
Source:
Exprealty
Added: Nov 22, 2025
Changed: Aug 20
Last Checked: Sep 5 at 1:46PM
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 Sold Realty, LLC
Investment Insights
Based on property information with market context.
This for-sale retail storefront property offers classic presentation and a community presence on a main commercial corridor. The offering includes ample parking in both the front and rear to support customer access.
Located at 412 N Martin L King Dr in Eunice, the property is positioned for convenient on-site parking and everyday visibility along MLK Jr, Dr.
The property is listed at 900 square feet, with the available space configured as a retail storefront for a hands-on operator or an investor looking for a small-format retail asset.
Located at 412 N Martin L King Dr in Eunice, the property is positioned for convenient on-site parking and everyday visibility along MLK Jr, Dr.
The property is listed at 900 square feet, with the available space configured as a retail storefront for a hands-on operator or an investor looking for a small-format retail asset.
Key Highlights
- Retail storefront property for sale in Eunice
- Located on MLK Jr, Dr.
- Ample parking available in front and rear
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
$6,260
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
6.70%
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%
$125,200
$125.2K
Cap Rate 7%
$89,429
$89.4K
Cap Rate 9%
$69,556
$69.6K
Market Conditions
NOI Build-Up for 900 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
$9.7K $10.80/SF
− Vacancy
−$778 −$0.86/SF
EGI
$8.9K $9.94/SF
− OpEx
−$2.7K −$2.98/SF
NOI
$6.3K $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%
$125,200
Cap Rate 7%
$89,429
Cap Rate 9%
$69,556
Alternative Uses
Best Use
Retail
$89.4K
$78.3K – $104.3K
NOI $6,260 @ 7.0% cap · market cap 6.70%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$135.8K
$118.8K – $158.4K
NOI $9,504 @ 7.0% cap · market cap 10.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
484
Businesses Nearby
25k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 59%
Home Improvements & Furnishings 19%
Dining 19%
Hotels & Casinos 3%
Dollar General
Shops & Services
8,971 visits/mo
0.3 miles
Smith's Hardware & Everything Rental Center
Home Improvements & Furnishings
4,739 visits/mo
0.4 miles
Family Dollar
Shops & Services
4,649 visits/mo
0.4 miles
El Rodeo
Dining
4,647 visits/mo
0.4 miles
Enterprise Rent-A-Car
Shops & Services
815 visits/mo
0.2 miles
Demographics for 70535, LA
17,292
Population
7,749
Households
2.2
Avg Household Size
39
Median Age
15%
College-Educated
80%
High-School Grad
160.6 sq mi
ZIP Area
108
Density / Sq Mi
$44,804
Median Household Income
$38,598
Median Earnings
$789
Median Rent
$161,200
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Petals & Pots — 751 Laurel St, Eunice, LA 70535
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Frequently Asked Questions
What type of property is this?
Storefront property - Retail storefront property with ample front and rear parking, offered for sale in Eunice.
Where is this storefront property located?
The property is located at 412 N Martin L King Dr Eunice, LA.
What is the asking price?
The asking price for this property is $93,500.
What are key features of this property?
This property features: Retail storefront property for sale in Eunice; Located on MLK Jr, Dr.; Ample parking available in front and rear
