Auto Shop with Four Roll-Up
418 Sw Evangeline, Lafayette, LA 70501
For Sale
$448,500
The building includes a private office, restroom, and separate electrical panels, with paint equipment available by agreement.
Property Size4,094 SF
Price / SF$109.55
Days on Market422
Property Features for 418 Sw Evangeline
General Information
Standard status
Size
Site & Location
Traffic Count
Highway Access
Road Access
Tenancy & Operations
Currently Operating
Real Estate Included
Additional Details
Automotive Uses
Taxes and HOA fees
Annual Taxes
Amenities
four large roll-up doors
private office and restroom
two separate 220 Amp breaker panels
security system with exterior lighting
paved and rock parking
Building Details
Buildings
Construction
Listing Agency:
Keller Williams Realty Acadiana
(337) 735-9300
Listed By:
Robert Burke · License #0099568021
(318) 787-8653
Source:
Exprealty
Added: Sep 12, 2025
Changed: Nov 6
Last Checked: Nov 6 at 2:41PM
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 Keller Williams Realty Acadiana
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Investment Insights
Based on property information with market context.
This 4,094-square-foot metal auto shop sits on a concrete slab and uses iron-beam construction with a 2-hour firewall. Four roll-up doors serve the building, which also has a private office, a restroom, and two separate 220 Amp breaker panels with capacity for electrical expansion. A certified oversized paint booth system and commercial-grade air compressor may be included with an acceptable offer; the property currently operates as a body and paint shop.
The corner property fronts the Evangeline Thruway, where DOTD reports daily traffic of 68,000 to 95,000 vehicles. Paved and rock parking is available at the front and side, and multiple access points support circulation. Security features include a security system and exterior lighting.
The corner property fronts the Evangeline Thruway, where DOTD reports daily traffic of 68,000 to 95,000 vehicles. Paved and rock parking is available at the front and side, and multiple access points support circulation. Security features include a security system and exterior lighting.
Key Highlights
- 4,094‑square‑foot metal building with iron‑beam construction and a 2‑hour firewall
- Four roll‑up doors, plus a private office and restroom
- Two separate 220 Amp breaker panels with room for electrical expansion
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,316
Cap Rate
4.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$386,320
$386.3K
Cap Rate 7%
$275,943
$275.9K
Cap Rate 9%
$214,622
$214.6K
Market Conditions
NOI Build-Up for 4,094 SF
Gross rent
$29.0K $7.08/SF
− Vacancy
−$1.4K −$0.34/SF
EGI
$27.6K $6.74/SF
− OpEx
−$8.3K −$2.02/SF
NOI
$19.3K $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%
$386,320
Cap Rate 7%
$275,943
Cap Rate 9%
$214,622
Alternative Uses
Best Use
Retail
$709.3K
$620.6K – $827.5K
NOI $49,651 @ 7.0% cap · market cap 11.07%
Second Best
Industrial
$275.9K
$241.5K – $321.9K
NOI $19,316 @ 7.0% cap · market cap 4.31%
Theoretical Best
Office A
$968.0K
$847.0K – $1.13M
NOI $67,757 @ 7.0% cap · market cap 15.11%
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
95,000 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,629
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
- Congress Auto Care — 1921 W Congress St #4433, Lafayette, LA 70506
- One stop automotive llc — 113 Jackson St, Lafayette, LA 70501
- Beyond Automotive — 504 garfield st, lafayette, la 70501
- Diezel's Automotive onSite — 514 Garfield St, Lafayette, LA 70501
- Just For You Towing & Roadside Solutions — 221 Jefferson St, Lafayette, LA 70501
Frequently Asked Questions
What type of property is this?
Auto shop - The building includes a private office, restroom, and separate electrical panels, with paint equipment available by agreement.
Where is this auto shop located?
The property is located at 418 Sw Evangeline Lafayette, LA.
What is the asking price?
The asking price for this property is $448,500.
What are key features of this property?
This property features: 4,094‑square‑foot metal building with iron‑beam construction and a 2‑hour firewall; Four roll‑up doors, plus a private office and restroom; Two separate 220 Amp breaker panels with room for electrical expansion
