Self-Service Car Wash
For Sale
$165,000
801 W Saint Peter Street, New Iberia, LA 70560
Well-maintained car wash with five self-service stalls, one automatic lane, and six vacuum stations.
Property Size3,900 SF
Price / SF$42.31
Days on Market93
Property Features for 801 W Saint Peter Street
General Information
Standard status
Active
Size
3,900 SF
Additional Details
Business Included
Yes
Listing Agency:
The Gleason Group
(337) 262-7873
Listed By:
Barton Broussard · License #52896
(337) 380-9511
Source:
Exprealty
Added: Jun 5
Changed: Aug 20
Last Checked: Sep 5 at 11:26AM
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 The Gleason Group
Investment Insights
Based on property information with market context.
This for-sale car wash facility is in good condition and includes five self-service wash stalls, one automatic wash lane, and six vacuum stations on-site. The combination of self-service bays and automated washing provides multiple options for customer flow and wash demand.
The property is located at 801 W Saint Peter Street in New Iberia, Louisiana. It is a dedicated automotive car wash site configured specifically for on-premise cleaning and vacuum use.
The existing layout supports straightforward operation across the self-stall bays, automatic lane, and vacuum areas, with the full set of car wash and vacuum amenities already included as part of the sale.
The property is located at 801 W Saint Peter Street in New Iberia, Louisiana. It is a dedicated automotive car wash site configured specifically for on-premise cleaning and vacuum use.
The existing layout supports straightforward operation across the self-stall bays, automatic lane, and vacuum areas, with the full set of car wash and vacuum amenities already included as part of the sale.
Key Highlights
- Well‑maintained car wash for sale
- 5 self‑service stalls for customer use
- 1 automatic lane
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
$12,610
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
7.64%
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%
$252,200
$252.2K
Cap Rate 7%
$180,143
$180.1K
Cap Rate 9%
$140,111
$140.1K
Market Conditions
NOI Build-Up for 3,900 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
$17.6K $4.50/SF
− Vacancy
−$737 −$0.19/SF
EGI
$16.8K $4.31/SF
− OpEx
−$4.2K −$1.08/SF
NOI
$12.6K $3.23/SF
Area
Iberia County, LA
Vacancy
4.20%
Lease Rate
$4.50 /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%
$252,200
Cap Rate 7%
$180,143
Cap Rate 9%
$140,111
Alternative Uses
Best Use
Retail
$448.3K
$392.3K – $523.1K
NOI $31,384 @ 7.0% cap · market cap 19.02%
Second Best
Industrial
$289.5K
$253.3K – $337.7K
NOI $20,262 @ 7.0% cap · market cap 12.28%
Theoretical Best
Office A
$645.0K
$564.4K – $752.6K
NOI $45,153 @ 7.0% cap · market cap 27.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
469
Businesses Nearby
21k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 76%
Dining 24%
Roses Discount Store
Shops & Services
10,348 visits/mo
0.4 miles
Dollar General
Shops & Services
5,957 visits/mo
0.5 miles
Church's Chicken
Dining
5,102 visits/mo
0.3 miles
Demographics for 70560, LA
39,457
Population
16,970
Households
2.3
Avg Household Size
38
Median Age
11%
College-Educated
80%
High-School Grad
176.1 sq mi
ZIP Area
224
Density / Sq Mi
$48,296
Median Household Income
$31,864
Median Earnings
$886
Median Rent
$126,500
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.
Frequently Asked Questions
What type of property is this?
Self service car wash - Well-maintained car wash with five self-service stalls, one automatic lane, and six vacuum stations.
Where is this self service car wash located?
The property is located at 801 W Saint Peter Street New Iberia, 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: Well‑maintained car wash for sale; 5 self‑service stalls for customer use; 1 automatic lane
