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 Market391
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
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: Sep 12
Last Checked: Oct 6 at 11:06PM
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 is a metal commercial building on a concrete slab with iron beam construction and a 2-hour firewall. The layout includes four large roll-up doors, a private office, a restroom, concrete flooring, and two separate 220 Amp breaker panels with capacity for future electrical expansion. A metal roof, electric heating, window-unit cooling, public water, and exterior lighting are also in place.
The property occupies a 0.29-acre corner lot at 418 SW Evangeline in Lafayette, Louisiana, along the Evangeline Thruway. DOTD reports daily traffic between 68,000 and 95,000 vehicles. Paved and rock parking extends across the front and side, with multiple access points supporting vehicle movement.
The building is currently used as a body and paint shop. With an acceptable offer, the sale may include a certified oversized paint booth system and commercial-grade air compressor. A security system is also installed.
The property occupies a 0.29-acre corner lot at 418 SW Evangeline in Lafayette, Louisiana, along the Evangeline Thruway. DOTD reports daily traffic between 68,000 and 95,000 vehicles. Paved and rock parking extends across the front and side, with multiple access points supporting vehicle movement.
The building is currently used as a body and paint shop. With an acceptable offer, the sale may include a certified oversized paint booth system and commercial-grade air compressor. A security system is also installed.
Key Highlights
- 4,094‑square‑foot metal commercial building on a 0.29‑acre lot
- Four large roll‑up doors, private office, and restroom
- Iron beam construction 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.
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 - Commercial building with service access, office space, and paved and rock parking on a visible corner lot.
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 commercial building on a 0.29‑acre lot; Four large roll‑up doors, private office, and restroom; Iron beam construction with a 2‑hour firewall
