Salon and Wellness
For Sale
$165,000
420 W Walnut, Eunice, LA 70535
Commercial Sale, Eunice, LA
Property Size1,039 SF
Lot Size0.16 Acres
Price / SF$158.81
Days on Market95
Property Features for 420 W Walnut
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
Exterior features
Pole Sign, Stabilized Yard Base
Subdivision
Orig Eunice 6-E
Lot features
Level
Directions
From Hwy 190, turn onto S 4th Street. Take first right onto W Walnut. Building past UMB Bank.
Standard status
Active
APN
0601554000
Size
1,039 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Description
East half of Lot 1 & 2 of Block 15 (71' x 100')
Legal Description
East half of Lot 1 & 2 of Block 15 (71' x 100')
Utilities
Heating system
Electric (Heating), Central
Cooling system
Central Air
Water source
Public
Amenities
open area for stations
office
kitchen/breakroom
bathroom
Building Details
Building materials
Stucco
Roof type
Composition
Listing Agency:
DCG/Aguillard Realty
(337) 457-9385
Listed By:
Raymond A Aguillard · License #59516
(337) 580-3705
Added: Jun 26
Changed: Sep 13
Last Checked: Sep 28 at 11:06AM
MLS# 2600005849
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 1,039-square-foot commercial building is configured for salon or wellness use, with an open area for service stations, a private office, kitchen and breakroom space, and one bathroom. The property is constructed with stucco, served by public water, and equipped with central heating and air conditioning. A composition roof, pole sign, stabilized yard base, and parking lot are also included.
Located at 420 W Walnut in Eunice, Louisiana, the 0.16-acre property has customer parking at the front and employee parking at the rear. Commercial zoning supports the existing business format and other professional or retail-oriented occupancy options. The operating business is not included in the sale.
Located at 420 W Walnut in Eunice, Louisiana, the 0.16-acre property has customer parking at the front and employee parking at the rear. Commercial zoning supports the existing business format and other professional or retail-oriented occupancy options. The operating business is not included in the sale.
Key Highlights
- 1,039‑square‑foot commercial building on 0.16 acres
- Open interior area configured for salon or wellness stations
- Includes office, kitchen/breakroom, and bathroom
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
$7,226
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
4.38%
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%
$144,520
$144.5K
Cap Rate 7%
$103,229
$103.2K
Cap Rate 9%
$80,289
$80.3K
Market Conditions
NOI Build-Up for 1,039 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
$11.2K $10.80/SF
− Vacancy
−$898 −$0.86/SF
EGI
$10.3K $9.94/SF
− OpEx
−$3.1K −$2.98/SF
NOI
$7.2K $6.96/SF
Area
St. Landry County, LA
Vacancy
8.00%
Lease Rate
$10.80 /SF/Yr
Expense Ratio
30.00%
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%
$144,520
Cap Rate 7%
$103,229
Cap Rate 9%
$80,289
Alternative Uses
Best Use
Retail
$103.2K
$90.3K – $120.4K
NOI $7,226 @ 7.0% cap · market cap 4.38%
Second Best
—
—
no second resolved use
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.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
536
Businesses Nearby
39k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Raceway
Shops & Services
12,224 visits/mo
0.3 miles
Dollar General
Shops & Services
7,798 visits/mo
0.4 miles
Exxon
Shops & Services
6,250 visits/mo
0.3 miles
Family Dollar
Shops & Services
5,769 visits/mo
0.5 miles
Texaco
Shops & Services
2,250 visits/mo
0.5 miles
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
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Spa & wellness property - Commercial building with an open service area, private office, breakroom, bathroom, and customer 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: 1,039‑square‑foot commercial building on 0.16 acres; Open interior area configured for salon or wellness stations; Includes office, kitchen/breakroom, and bathroom
