Automotive Retail Investment
For Sale
Contact for pricing
Pending
4605 W CONGRESS ST, Lafayette, LA 70506
For sale automotive property offering an 8.45% cap rate with a corporate guarantee.
Property Size7,007 SF
Days on Market123
Property Features for 4605 W CONGRESS ST
General Information
Standard status
Pending
Size
7,007 SF
Property subtype
Retail
Occupancy
100%
Lease Type
NN
Building Details
Year Built
1860
Units
1
Tenancy
Single
Listing Agency:
Bang Realty
(888) 737-2264
Listed By:
Brian Brockman · License #BRK.200900214
Source:
Crexi
Added: May 1
Changed: Aug 8
Last Checked: Jul 24 at 2:00PM
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
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.
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 = 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
$84,979
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
8.54%
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%
$1,699,580
$1.7M
Cap Rate 7%
$1,213,986
$1.2M
Cap Rate 9%
$944,211
$944.2K
Market Conditions
NOI Build-Up for 7,007 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
$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 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%
$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
NOI $84,979 @ 7.0% cap · market cap 8.54%
Second Best
Industrial
$472.3K
$413.3K – $551.0K
NOI $33,060 @ 7.0% cap · market cap 3.32%
Theoretical Best
Office A
$1.66M
$1.45M – $1.93M
NOI $115,969 @ 7.0% cap · market cap 11.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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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
