Building Details

Year Built 1860

Units 1

Tenancy Single

Listing Agency: Bang Realty

Listed By: Brian Brockman · License #BRK.200900214 Show Phone

Source: Crexi

Added: May 1 Changed: Oct 21 Last Checked: Oct 20 at 6:38PM

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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 Bang Realty

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

This for-sale automotive retail investment property is presented with an 8.45% cap rate and a corporate guarantee tied to NASDAQ: MNRO. The offering is priced at $995,000 and includes a property size of 7,007 square feet.

The property is located at 4605 W Congress St in Lafayette, Louisiana.

For investors and tenants seeking an income-oriented commercial asset with a corporate guarantee, this offering combines the stated cap rate with the existing property footprint.

Key Highlights

• Automotive property with an 8.45% cap rate
• Corporate guarantee noted in the listing (NASDAQ: MNRO)
• Built in 1860

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$84,979

Cap Rate

8.54%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,699,580 $1.7M

Cap Rate 7%

$1,213,986 $1.2M

Cap Rate 9%

$944,211 $944.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 7,007 SF

Gross rent

$132.0K $18.84/SF

− Vacancy

−$10.6K −$1.51/SF

EGI

$121.4K $17.33/SF

− OpEx

−$36.4K −$5.20/SF

NOI

$85.0K $12.13/SF

Area

Lafayette, LA

Vacancy

8.04%

Lease Rate

$18.84 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,699,580

Cap Rate 7%

$1,213,986

Cap Rate 9%

$944,211

Alternative Uses

Best Use

Retail

$1.21M

$1.06M – $1.42M (±1% cap)

NOI $84,979 @ 7.0% cap · market cap 8.54%

Second Best

Industrial

$472.3K

$413.3K – $551.0K (±1% cap)

NOI $33,060 @ 7.0% cap · market cap 3.32%

Theoretical Best

Office A

$1.66M

$1.45M – $1.93M (±1% cap)

NOI $115,969 @ 7.0% cap · market cap 11.66%

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

Tire Choice Auto ... (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Law Firm HVAC Service Parking Lot & Garage (Bike/Boat/Book/etc) Store Locksmith Catering Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

541

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 70506, LA

39,801

Population

20,296

Households

2

Avg Household Size

36

Median Age

37%

College-Educated

91%

High-School Grad

20.8 sq mi

ZIP Area

1,914

Density / Sq Mi

$55,553

Median Household Income

$38,764

Median Earnings

$1,024

Median Rent

$215,700

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

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Frequently Asked Questions

What type of property is this?

Auto shop - For sale automotive property offering an 8.45% cap rate with a corporate guarantee.

Where is this auto shop located?

The property is located at 4605 W CONGRESS ST Lafayette, LA.

What is the asking price?

The asking price for this property is $995,000.

What are key features of this property?

This property features: Automotive property with an 8.45% cap rate; Corporate guarantee noted in the listing (NASDAQ: MNRO); Built in 1860