Salon and Wellness
For Sale
$165,000
420 W Walnut, Eunice, LA 70535
Configured with an open service area, private office, breakroom, bathroom, and separate front and rear parking.
Property Size1,039 SF
Price / SF$158.81
Days on Market88
Property Features for 420 W Walnut
General Information
Standard status
Active
Size
1,039 SF
Listing Agency:
DCG/Aguillard Realty
Listed By:
Raymond A Aguillard · License #59516
(337) 580-3705
Source:
Athomerealtyla
Added: Jul 20
Changed: Oct 4
Last Checked: Oct 7 at 5:27PM
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 DCG/Aguillard Realty
Investment Insights
Based on property information with market context.
This wellness-oriented commercial building at 420 W Walnut in Eunice, Louisiana, is configured for salon use with an open area for service stations, an office, kitchen and breakroom, and a bathroom. The layout also supports other explicitly identified applications, including professional office, retail, medical, insurance, boutique, or beauty spa use.
Customer parking is positioned at the front of the property, with employee parking located behind the building. The existing salon business will continue operating but is not included in the sale. Appointments are required for access.
Customer parking is positioned at the front of the property, with employee parking located behind the building. The existing salon business will continue operating but is not included in the sale. Appointments are required for access.
Key Highlights
- Open area arranged for salon service stations
- Includes office, kitchen and breakroom, and bathroom
- Front customer parking with separate rear employee parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,948
Cap Rate
4.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$158,960
$159.0K
Cap Rate 7%
$113,543
$113.5K
Cap Rate 9%
$88,311
$88.3K
Market Conditions
NOI Build-Up for 1,039 SF
Gross rent
$12.5K $12.00/SF
− Vacancy
−$1.9K −$1.80/SF
EGI
$10.6K $10.20/SF
− OpEx
−$2.6K −$2.55/SF
NOI
$7.9K $7.65/SF
Area
St. Landry County, LA
Vacancy
15.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$158,960
Cap Rate 7%
$113,543
Cap Rate 9%
$88,311
Alternative Uses
Best Use
Office B
$113.5K
$99.4K – $132.5K
NOI $7,948 @ 7.0% cap · market cap 4.82%
Second Best
Retail
$103.2K
$90.3K – $120.4K
NOI $7,226 @ 7.0% cap · market cap 4.38%
Theoretical Best
Office A
$156.7K
$137.2K – $182.9K
NOI $10,972 @ 7.0% cap · market cap 6.65%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
536
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 70535, LA
17,292
Population
7,749
Households
2.2
Avg Household Size
39
Median Age
15%
College-Educated
80%
High-School Grad
160.6 sq mi
ZIP Area
108
Density / Sq Mi
$44,804
Median Household Income
$38,598
Median Earnings
$789
Median Rent
$161,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Spa & wellness property - Configured with an open service area, private office, breakroom, bathroom, and separate front and rear parking.
Where is this spa & wellness property located?
The property is located at 420 W Walnut Eunice, LA.
What is the asking price?
The asking price for this property is $165,000.
What are key features of this property?
This property features: Open area arranged for salon service stations; Includes office, kitchen and breakroom, and bathroom; Front customer parking with separate rear employee parking
