Building Details

Year Built 1960

Buildings 1

Listing Agency: Real Broker, LLC w***@onereal.com Show Phone

Listed By: Holly Cange · License #0912123549 Show Phone

Source: Geauxsouthrealty

Added: Jul 1 Changed: Oct 31 Last Checked: Oct 31 at 2:13PM

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Investment Insights

Based on property information with market context.

Built in 1960, this auto shop includes 1,632 square feet of shop area with three service bays and three high roll-up doors. An additional 835 square feet contains an office, a bathroom, and two storage areas. The property previously operated as a full-service auto repair and maintenance business.

Parking is available in the front lot, with additional space at the rear. The property is located at 823 W Vine Street in Opelousas, Louisiana.

Key Highlights

• 1,632 square feet of shop space with three bays
• Three high roll‑up doors
• 835 additional square feet with an office, bathroom, and two storage areas

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$9,940

Cap Rate

9.04%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$198,800 $198.8K

Cap Rate 7%

$142,000 $142.0K

Cap Rate 9%

$110,444 $110.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,487 SF

Gross rent

$15.5K $6.24/SF

− Vacancy

−$1.3K −$0.53/SF

EGI

$14.2K $5.71/SF

− OpEx

−$4.3K −$1.71/SF

NOI

$9.9K $4.00/SF

Area

St. Landry County, LA

Vacancy

8.50%

Lease Rate

$6.24 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$198,800

Cap Rate 7%

$142,000

Cap Rate 9%

$110,444

Alternative Uses

Best Use

Retail

$247.1K

$216.2K – $288.3K (±1% cap)

NOI $17,298 @ 7.0% cap · market cap 15.73%

Second Best

Industrial

$142.0K

$124.3K – $165.7K (±1% cap)

NOI $9,940 @ 7.0% cap · market cap 9.04%

Theoretical Best

Office A

$375.2K

$328.3K – $437.7K (±1% cap)

NOI $26,263 @ 7.0% cap · market cap 23.88%

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

Auto shops

Suggested Use

Top Pick Real Estate Agency Dental Office Restaurant Gym & Fitness Center Skin Care Clinic Cafe & Coffee Shop

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

Lease Details

3

Service bays

Location Intelligence

Trade Area within ½ mile

655

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 70570, LA

38,746

Population

17,099

Households

2.3

Avg Household Size

39

Median Age

15%

College-Educated

82%

High-School Grad

171.8 sq mi

ZIP Area

226

Density / Sq Mi

$45,276

Median Household Income

$33,090

Median Earnings

$764

Median Rent

$151,300

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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Similar Off Market Nearby

• AL's Tires & More — 817 S Union St, Opelousas, LA 70570
• Body Shop Ltd — 331 E Jefferson St, Opelousas, LA 70570
• Leger's Wheel Alignment Services — 801 S Railroad Ave, Opelousas, LA 70570
• Flimsily Towings Inc — 727 S Walnut St, Opelousas, LA 70570
• Ink and Air Custom Shop — 704 1/2, 704 S Bullard St, Opelousas, LA 70570

Frequently Asked Questions

What type of property is this?

Auto shop - Office, restroom, and storage areas complement the vehicle service space.

Where is this auto shop located?

The property is located at 823 W Vine Street Opelousas, LA.

What is the asking price?

The asking price for this property is $110,000.

What are key features of this property?

This property features: 1,632 square feet of shop space with three bays; Three high roll‑up doors; 835 additional square feet with an office, bathroom, and two storage areas