Commercial Kitchen with Bakery
430 E Grolee Street, Opelousas, LA 70570
For Sale
New
$170,000
Commercial Sale, Opelousas, LA
Property Size3,006 SF
Lot Size0.34 Acres
Price / SF$56.55
Days on Market4
Property Features for 430 E Grolee Street
General Information
Property type
Property subtype
Zoning
Parking
Parking features
Lot features
Directions
Subdivision
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Listing Agency:
RE/MAX Excellence
(337) 678-3663
Listed By:
Toni Effingger · License #0995680712
(337) 793-5738
Added: Nov 4
Changed: Nov 6
Last Checked: Nov 7 at 3:06PM
MLS# 200OSV
Copyright © 2026 ROAM MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 3,006-square-foot commercial kitchen occupies a 0.34-acre parcel and retains bakery equipment, which conveys with an acceptable offer in its as-is condition. Built in 1960, the building has hardwood, vinyl, and tile flooring, central heating and air conditioning, and ceiling fans. Wood siding and an asphalt roof complete the exterior. Public water and sewer serve the property.
Parking is provided in an on-site lot. The property is in the Historic District, within walking distance of downtown Opelousas.
Parking is provided in an on-site lot. The property is in the Historic District, within walking distance of downtown Opelousas.
Key Highlights
- 3,006 square feet on a 0.34‑acre parcel
- Bakery equipment remains and conveys with an acceptable offer, in as‑is condition
- Customer parking in an on‑site lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,014
Cap Rate
7.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$240,280
$240.3K
Cap Rate 7%
$171,629
$171.6K
Cap Rate 9%
$133,489
$133.5K
Market Conditions
NOI Build-Up for 3,006 SF
Gross rent
$18.8K $6.24/SF
− Vacancy
−$1.6K −$0.53/SF
EGI
$17.2K $5.71/SF
− OpEx
−$5.1K −$1.71/SF
NOI
$12.0K $4.00/SF
Area
St. Landry County, LA
Vacancy
8.50%
Lease Rate
$6.24 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$240,280
Cap Rate 7%
$171,629
Cap Rate 9%
$133,489
Alternative Uses
Best Use
Specialty Retail
$416.9K
$364.8K – $486.4K
NOI $29,183 @ 7.0% cap · market cap 17.17%
Second Best
Industrial
$171.6K
$150.2K – $200.2K
NOI $12,014 @ 7.0% cap · market cap 7.07%
Theoretical Best
Office A
$453.5K
$396.8K – $529.1K
NOI $31,743 @ 7.0% cap · market cap 18.67%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
732
Businesses Nearby
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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
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Commercial kitchen - The building includes customer parking and a mix of hardwood, vinyl, and tile flooring.
Where is this commercial kitchen located?
The property is located at 430 E Grolee Street Opelousas, LA.
What is the asking price?
The asking price for this property is $170,000.
What are key features of this property?
This property features: 3,006 square feet on a 0.34‑acre parcel; Bakery equipment remains and conveys with an acceptable offer, in as‑is condition; Customer parking in an on‑site lot
