Conventional Restaurant
New
For Sale
$189,000
420 N Main Street, Opelousas, LA 70570
Commercial Sale, Opelousas, LA
Property Size1,400 SF
Lot Size0.14 Acres
Price / SF$135
Days on Market2
Property Features for 420 N Main Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1
Parking
14
Parking features
Off Street
Lot features
Corner
Directions
On I-49 going toward Opelousas. Take exit 19B. at the ramp follow US-190 West until it turns to E Landry Street. Continue straight then take a right on N. Main St.
Subdivision
L2
Standard status
Active
APN
0100451200
Size
1,400 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Description
Lots 2 & 4 of Block 4, Main Street Opelousas, LA
Legal Description
Lots 2 & 4 of Block 4, Main Street Opelousas, LA
Utilities
Heating system
Electric (Heating), Central
Cooling system
Central Air
Water source
Public
Building Details
Floors in Building
1
Flooring type
Concrete
Roof type
Metal
Listing Agency:
Keller Williams Realty Acadiana
(337) 735-9300
Listed By:
Trinh Huynh · License #995707946
(337) 254-0612
Added: Aug 23
Changed: Aug 24
Last Checked: Aug 24 at 2:06PM
MLS# 2600007862
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 1,400-square-foot property sits on a 0.14-acre lot near downtown Opelousas. Previously operated as a restaurant, the space includes two bathrooms and concrete flooring. A metal roof, public water service, central air conditioning, and electric central heating are in place.
The property is located at 420 N Main Street in Opelousas, within St. Landry Parish. Off-street parking provides on-site vehicle accommodation, while the Commercial zoning designation supports its existing commercial character.
The property is located at 420 N Main Street in Opelousas, within St. Landry Parish. Off-street parking provides on-site vehicle accommodation, while the Commercial zoning designation supports its existing commercial character.
Key Highlights
- 1,400‑square‑foot former restaurant property near downtown Opelousas
- 0.14‑acre lot at 420 N Main Street
- Commercial zoning designation
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$13,592
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.19%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
954
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Commercial zoning, central systems, and off-street parking support a compact business property.
Where is this conventional restaurant located?
The property is located at 420 N Main Street 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 former restaurant property near downtown Opelousas; 0.14‑acre lot at 420 N Main Street; Commercial zoning designation
