Established Car Wash Business
For Sale
Contact for pricing
Pending
510 Lafayette St, Youngsville, LA 70592
Car wash business, building, and real estate for sale.
Property Size1,146 SF
Days on Market146
Property Features for 510 Lafayette St
General Information
Standard status
Pending
Size
1,146 SF
Property subtype
Special Purpose
Building Details
Year Built
2014
Listing Agency:
Matthews
(949) 300-4676
Listed By:
Jack Perez · License #02236779
Source:
Crexi
Added: Mar 20
Changed: Aug 8
Last Checked: Aug 11 at 8:31AM
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 Matthews
Investment Insights
Based on property information with market context.
The Cajun Car Wash, located at 510 Lafayette St, Youngsville, LA 70592, is available for auction. This investment opportunity allows an owner/user to acquire the business, building, and real estate. The car wash benefits from strong local customer engagement with approximately 179 members. It is located in a high-income trade area with an average household income of over $120,000. The property benefits from rapid residential growth in Youngsville with significant population and housing development. There is a bonus depreciation opportunity for investors. The property size is 1146 square feet. The property can be acquired individually or with three other car wash locations in the Lafayette MSA. The auction is scheduled for April 20th, 2026, at 9:00 am.
Key Highlights
- Established car wash business, building, and real estate included in the sale.
- Located in a high‑income trade area with an average household income over $120,000.
- Strong local customer engagement with approximately 179 members.
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
$14,891
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
4.25%
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%
$297,820
$297.8K
Cap Rate 7%
$212,729
$212.7K
Cap Rate 9%
$165,456
$165.5K
Market Conditions
NOI Build-Up for 1,146 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
$21.6K $18.84/SF
− Vacancy
−$1.7K −$1.51/SF
EGI
$19.9K $17.33/SF
− OpEx
−$5.0K −$4.33/SF
NOI
$14.9K $12.99/SF
Area
Lafayette County, LA
Vacancy
8.04%
Lease Rate
$18.84 /SF/Yr
Expense Ratio
25.00%
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%
$297,820
Cap Rate 7%
$212,729
Cap Rate 9%
$165,456
Alternative Uses
Best Use
Specialty Retail
$212.7K
$186.1K – $248.2K
NOI $14,891 @ 7.0% cap · market cap 4.25%
Second Best
Retail
$198.5K
$173.7K – $231.6K
NOI $13,898 @ 7.0% cap · market cap 3.97%
Theoretical Best
Office A
$271.0K
$237.1K – $316.1K
NOI $18,967 @ 7.0% cap · market cap 5.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
237
Businesses Nearby
Explore this area
Business Placement
Demographics for 70592, LA
28,975
Population
11,583
Households
2.5
Avg Household Size
34
Median Age
35%
College-Educated
95%
High-School Grad
42.5 sq mi
ZIP Area
682
Density / Sq Mi
$93,453
Median Household Income
$53,063
Median Earnings
$1,106
Median Rent
$239,000
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Car wash - Car wash business, building, and real estate for sale.
Where is this car wash located?
The property is located at 510 Lafayette St Youngsville, LA.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Established car wash business, building, and real estate included in the sale.; Located in a high‑income trade area with an average household income over $120,000.; Strong local customer engagement with approximately 179 members.
