Auto Shop with Roll-Up
For Sale
$495,000
418 Sw Evangeline Trwy, Lafayette, LA 70501
Corner-lot automotive facility with substantial electrical capacity, dedicated office and restroom space, and multiple vehicle access points.
Property Size4,094 SF
Price / SF$120.91
Days on Market400
Property Features for 418 Sw Evangeline Trwy
General Information
Standard status
Active
Size
4,094 SF
Site & Location
Traffic Count
95,000 vehicles/day
Highway Access
Yes
Road Access
Yes
Additional Details
Power
220 amps
Amenities
2-hour firewall
four large roll-up doors
private office
restroom
two 220 Amp breaker panels
security system
exterior lighting
paved and rock parking
multiple access points
Building Details
Buildings
1
Construction
metal
Listing Agency:
Keller Williams Realty Acadiana
(337) 735-9300
Listed By:
Robert A Burke · License #0099568021
(318) 787-8653
Source:
Exprealty
Added: Sep 12, 2025
Changed: Oct 14
Last Checked: Oct 14 at 11:34PM
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 automotive building occupies a concrete slab and uses iron-beam construction with a 2-hour firewall. The layout includes four large roll-up doors, a private office, and a restroom. Two separate 220 Amp breaker panels serve the property, with capacity for future electrical expansion. The building is currently operating as a body and paint shop.
Located at 418 SW Evangeline Trwy in Lafayette, Louisiana, the property sits on a highly visible corner lot along the Evangeline Thruway. Reported daily traffic ranges from 68,000 to 95,000 vehicles. Paved and rock parking areas extend across the front and side of the building, while multiple access points support vehicle circulation. Exterior lighting and a security system are also in place. A certified oversized paint booth system and commercial-grade air compressor may be included with an acceptable offer.
Located at 418 SW Evangeline Trwy in Lafayette, Louisiana, the property sits on a highly visible corner lot along the Evangeline Thruway. Reported daily traffic ranges from 68,000 to 95,000 vehicles. Paved and rock parking areas extend across the front and side of the building, while multiple access points support vehicle circulation. Exterior lighting and a security system are also in place. A certified oversized paint booth system and commercial-grade air compressor may be included with an acceptable offer.
Key Highlights
- 4,094‑square‑foot automotive building on a concrete slab
- Four large roll‑up doors support vehicle access and shop operations
- Iron‑beam construction with a 2‑hour firewall
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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Property Analytics
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Current Use
Lease Details
95,000 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
939
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 Industrial in South region
Similar Off Market Nearby
- 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
- Vice Motorsports llc — 206 S Chestnut St, Lafayette, LA 70501
Frequently Asked Questions
What type of property is this?
Auto shop - Corner-lot automotive facility with substantial electrical capacity, dedicated office and restroom space, and multiple vehicle access points.
Where is this auto shop located?
The property is located at 418 Sw Evangeline Trwy 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 automotive building on a concrete slab; Four large roll‑up doors support vehicle access and shop operations; Iron‑beam construction with a 2‑hour firewall
