Automotive Shop with Four 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 Market408
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
Lot features
Level
Directions
US 90 traveling south, turn west onto Eith Street. Property is on the corner of Eith Street and Evangeline Thruway
Subdivision
G3
Standard status
Active
APN
6044943
Size
4,094 SF
Lot size
0.29 Acres
Tenancy & Operations
Currently Operating
Yes
Real Estate Included
Yes
Additional Details
Automotive Uses
collision/body shop
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)
Tax Annual Amount
5197
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
Utilities
Natural Gas Available
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 parking
rock parking
Building Details
Floors in Building
1
Flooring type
Concrete
Building materials
Metal Siding
Roof type
Metal
Buildings
1
Listing Agency:
Keller Williams Realty Acadiana
(337) 735-9300
Listed By:
Robert Burke · License #0099568021
(318) 787-8653
Added: Sep 11, 2025
Changed: Oct 23
Last Checked: Oct 23 at 2:06PM
MLS# 2500003383
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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Investment Insights
Based on property information with market context.
Configured for automotive work, this 4,094-square-foot metal building sits on a 0.29-acre corner parcel along Evangeline Thruway. The structure has iron-beam construction, a concrete slab, and a 2-hour firewall. Four roll-up doors provide vehicle access, while the interior includes a private office and restroom. Two separate 220 Amp breaker panels serve the building, with room for electrical expansion. A security system, exterior lighting, and paved and rock parking areas are also in place.
The property is currently used as a body and paint shop. With an acceptable offer, a certified oversized paint booth system and commercial-grade air compressor may be included. DOTD reports daily traffic of 68,000 to 95,000 vehicles along the Evangeline Thruway. Multiple access points serve the site. Zoning is Commercial.
The property is currently used as a body and paint shop. With an acceptable offer, a certified oversized paint booth system and commercial-grade air compressor may be included. DOTD reports daily traffic of 68,000 to 95,000 vehicles along the Evangeline Thruway. Multiple access points serve the site. Zoning is Commercial.
Key Highlights
- 4,094‑square‑foot metal building on a 0.29‑acre corner parcel
- Four roll‑up doors, private office, and restroom
- Two separate 220 Amp breaker panels with room for future expansion
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,316
Cap Rate
3.90%
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 10.03%
Second Best
Industrial
$275.9K
$241.5K – $321.9K
NOI $19,316 @ 7.0% cap · market cap 3.90%
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.
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Open Analytics
Current Use
Lease Details
95,000 VPD
Traffic count
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Allstar Mobile Mechanics — 1211 Johnston St, Lafayette, LA 70506
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- 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 - Corner positioning, multiple access points, and a private office support the property’s automotive service layout.
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 parcel; Four roll‑up doors, private office, and restroom; Two separate 220 Amp breaker panels with room for future expansion
