Auto Shop with Roll-Up
For Sale
$495,000
418 SW Evangeline, Lafayette, LA 70501
Commercial Sale, Lafayette, LA
Property Size4,094 SF
Lot Size0.29 Acres
Price / SF$120.91
Days on Market398
Property Features for 418 SW Evangeline
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Parking
8
Parking features
Parking Lot
Security features
Security System
Exterior features
OH Door 10 - 15 Ft
Subdivision
Mccomb Addition
Lot features
Level
Directions
US 90 traveling south, turn west onto Eith Street. Property is on the corner of Eith Street and Evangeline Thruway
Standard status
Active
APN
6044943
Size
4,094 SF
Lot size
0.29 Acres
Taxes and HOA fees
Tax Description
LOT 24 BLK 33 MCCOMB ADDITION (95.37X100X125X70.36X46.76)(.28AC) (F/K/A LOT 11 12 13 14 & 21 BLK 33 MCCOMB ADD)
Legal Description
LOT 24 BLK 33 MCCOMB ADDITION (95.37X100X125X70.36X46.76)(.28AC) (F/K/A LOT 11 12 13 14 & 21 BLK 33 MCCOMB ADD)
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Window Unit(s)
Water source
Public
Amenities
roll-up doors
private office
restroom
220 Amp breaker panels
security system
exterior lighting
paved and rock parking
multiple access points
2-hour firewall
Building Details
Floors in Building
1
Flooring type
Concrete
Roof type
Metal
Listing Agency:
Keller Williams Realty Acadiana
(337) 735-9300
Listed By:
Robert A Burke · License #0099568021
(318) 787-8653
Added: Sep 11, 2025
Changed: Oct 8
Last Checked: Oct 13 at 5:06AM
MLS# 2500003383
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 4,094-square-foot auto shop occupies a 0.29-acre corner parcel and is currently used for body and paint work. The metal building has iron-beam construction, a concrete slab, and a 2-hour firewall. Four roll-up doors serve the work area, with a private office, restroom, and two 220 Amp breaker panels that have room for added electrical capacity. A certified oversized paint booth system and commercial-grade air compressor may be included with an acceptable offer.
The property fronts Evangeline Thruway in Lafayette. DOTD reports daily traffic of 68,000 to 95,000 vehicles. Multiple points of access connect to paved and rock parking at the front and side of the building. Exterior lighting and a security system are also in place.
The property fronts Evangeline Thruway in Lafayette. DOTD reports daily traffic of 68,000 to 95,000 vehicles. Multiple points of access connect to paved and rock parking at the front and side of the building. Exterior lighting and a security system are also in place.
Key Highlights
- 4,094‑square‑foot metal building on a 0.29‑acre corner lot
- Four roll‑up doors, private office, and restroom
- Iron‑beam structure with a 2‑hour firewall
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,455
Cap Rate
4.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$469,100
$469.1K
Cap Rate 7%
$335,071
$335.1K
Cap Rate 9%
$260,611
$260.6K
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
−$4.1K −$1.01/SF
NOI
$23.5K $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%
$469,100
Cap Rate 7%
$335,071
Cap Rate 9%
$260,611
Alternative Uses
Best Use
Retail
$709.3K
$620.6K – $827.5K
NOI $49,651 @ 7.0% cap · market cap 10.03%
Second Best
Warehouse
$335.1K
$293.2K – $390.9K
NOI $23,455 @ 7.0% cap · market cap 4.74%
Theoretical Best
Office A
$968.0K
$847.0K – $1.13M
NOI $67,757 @ 7.0% cap · market cap 13.69%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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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
1,848
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
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Frequently Asked Questions
What type of property is this?
Auto shop - The building includes dedicated office and restroom space alongside its automotive work area.
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 $495,000.
What are key features of this property?
This property features: 4,094‑square‑foot metal building on a 0.29‑acre corner lot; Four roll‑up doors, private office, and restroom; Iron‑beam structure with a 2‑hour firewall
