New Iberia Car Wash
For Sale
Contact for pricing
801 W St Peter St, New Iberia, LA 70563
Car wash with self-serve stalls and automatic lane for sale.
Property Size3,000 SF
Price / SF$55
Days on Market1545
Property Features for 801 W St Peter St
General Information
Standard status
Active
Size
3,000 SF
Property subtype
Retail, Special Purpose
Zoning
Highway Commercial District
Building Details
Buildings
1
Stories
1
Listing Agency:
The Gleason Group
(337) 262-7873
Listed By:
Bart Broussard · License #LA R0842
Source:
Crexi
Added: May 20, 2022
Changed: Aug 8
Last Checked: Aug 10 at 12:05PM
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 commercial property, situated in an Opportunity Zone, features a car wash facility. The property includes five self-service stalls, one automatic lane, and six vacuum stations. The car wash is currently not in operation, and there is no prior financial history available for the business.
Key Highlights
- Opportunity Zone Location
- 5 Self‑Serve Stalls
- 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
$9,700
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
5.88%
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%
$194,000
$194.0K
Cap Rate 7%
$138,571
$138.6K
Cap Rate 9%
$107,778
$107.8K
Market Conditions
NOI Build-Up for 3,000 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
$13.5K $4.50/SF
− Vacancy
−$567 −$0.19/SF
EGI
$12.9K $4.31/SF
− OpEx
−$3.2K −$1.08/SF
NOI
$9.7K $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%
$194,000
Cap Rate 7%
$138,571
Cap Rate 9%
$107,778
Alternative Uses
Best Use
Retail
$344.9K
$301.8K – $402.4K
NOI $24,142 @ 7.0% cap · market cap 14.63%
Second Best
Industrial
$222.7K
$194.8K – $259.8K
NOI $15,586 @ 7.0% cap · market cap 9.45%
Theoretical Best
Office A
$496.2K
$434.2K – $578.9K
NOI $34,733 @ 7.0% cap · market cap 21.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
301
Businesses Nearby
33k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 85%
Dining 15%
Roses Discount Store
Shops & Services
10,348 visits/mo
0.3 miles
Dollar General
Shops & Services
7,297 visits/mo
0.5 miles
Dollar Tree
Shops & Services
6,929 visits/mo
0.4 miles
Church's Chicken
Dining
5,102 visits/mo
0.5 miles
O'Reilly Auto Parts
Shops & Services
3,194 visits/mo
0.4 miles
Demographics for 70563, LA
19,145
Population
8,663
Households
2.2
Avg Household Size
41
Median Age
21%
College-Educated
90%
High-School Grad
62.7 sq mi
ZIP Area
305
Density / Sq Mi
$73,555
Median Household Income
$47,011
Median Earnings
$975
Median Rent
$190,700
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.
Frequently Asked Questions
What type of property is this?
Self service car wash - Car wash with self-serve stalls and automatic lane for sale.
Where is this self service car wash located?
The property is located at 801 W St Peter St 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: Opportunity Zone Location; 5 Self‑Serve Stalls; 1 Automatic Lane
