Restaurant
New
For Sale
$189,000
420 N Main St, Opelousas, LA 70570
A 1,400-square-foot space near downtown Opelousas is suited to restaurant use.
Property Size1,400 SF
Price / SF$135
Days on Market2
Property Features for 420 N Main St
General Information
Standard status
Active
Size
1,400 SF
Listing Agency:
Keller Williams Realty Acadiana
Listed By:
Trinh Huynh · License #995707946
(337) 254-0612
Source:
Athomerealtyla
Added: Oct 28
Last Checked: Sep 1 at 5:24PM
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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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,400-square-foot property is classified as a conventional restaurant asset and is located near downtown Opelousas. Its former restaurant use provides context for the space, while the available information establishes its size and general use category.
Key Highlights
- 1,400‑square‑foot property
- Near downtown Opelousas
- Formerly used as a restaurant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,592
Cap Rate
7.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$271,840
$271.8K
Cap Rate 7%
$194,171
$194.2K
Cap Rate 9%
$151,022
$151.0K
Market Conditions
NOI Build-Up for 1,400 SF
Gross rent
$19.3K $13.80/SF
− Vacancy
−$1.2K −$0.86/SF
EGI
$18.1K $12.94/SF
− OpEx
−$4.5K −$3.24/SF
NOI
$13.6K $9.71/SF
Area
St. Landry County, LA
Vacancy
6.20%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$271,840
Cap Rate 7%
$194,171
Cap Rate 9%
$151,022
Alternative Uses
Best Use
Specialty Retail
$194.2K
$169.9K – $226.5K
NOI $13,592 @ 7.0% cap · market cap 7.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$211.2K
$184.8K – $246.4K
NOI $14,784 @ 7.0% cap · market cap 7.82%
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
Location Intelligence
Trade Area within ½ mile
733
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 70570, LA
38,746
Population
17,099
Households
2.3
Avg Household Size
39
Median Age
15%
College-Educated
82%
High-School Grad
171.8 sq mi
ZIP Area
226
Density / Sq Mi
$45,276
Median Household Income
$33,090
Median Earnings
$764
Median Rent
$151,300
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
Frequently Asked Questions
What type of property is this?
Conventional restaurant - A 1,400-square-foot space near downtown Opelousas is suited to restaurant use.
Where is this conventional restaurant located?
The property is located at 420 N Main St Opelousas, LA.
What is the asking price?
The asking price for this property is $189,000.
What are key features of this property?
This property features: 1,400‑square‑foot property; Near downtown Opelousas; Formerly used as a restaurant
