3-Bay Auto
For Sale
$110,000
823 W Vine Street, Opelousas, LA 70570
Commercial Sale, Opelousas, LA
Property Size2,487 SF
Lot Size0.23 Acres
Price / SF$44.23
Days on Market948
Property Features for 823 W Vine Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
COMM
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Parking features
Parking Lot, Off Street
Exterior features
OH Door 10 - 15 Ft
Subdivision
Pavy Addition
Lot features
Level
Directions
Drive E Landry St / U.S. Hwy 190 W. Turn left on Wartell Ave. Turn left on Vine St. Property on right across from Targil
Standard status
Active
APN
0100735500
Size
2,487 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Description
1 LOT 2 ( 67 X 150) BLK E PAVY ADD N VINE ST S PAVY RICHARD E CANAL W LOT 4 MARTIN FRONTING 67 ' ON WEST VINE ST 124852
Legal Description
1 LOT 2 ( 67 X 150) BLK E PAVY ADD N VINE ST S PAVY RICHARD E CANAL W LOT 4 MARTIN FRONTING 67 ' ON WEST VINE ST 124852
Utilities
Sewer type
Public Sewer
Heating system
Wall Furnace, Natural Gas
Cooling system
Ceiling Fan(s)
Water source
Public
Building Details
Floors in Building
1
Flooring type
Concrete
Roof type
Metal
Listing Agency:
Real Broker, LLC
(337) 418-9700
Listed By:
Holly B Cange · License #0912123549
(337) 692-9551
Added: Mar 17, 2024
Changed: Oct 8
Last Checked: Oct 20 at 12:06PM
MLS# 24002548
Copyright © 2026 Realtor Association of Acadiana. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 2,487-square-foot auto shop includes 1,632 square feet of shop area with three bays and three overhead doors. An additional 835 square feet accommodates an office, a bathroom, and two storage rooms. The property sits on a 0.23-acre lot and has concrete flooring, a metal roof, and COMM zoning.
Parking is available in a front lot, with additional rear space. The building is served by public water and sewer and has natural-gas wall heating and ceiling fans for cooling.
Parking is available in a front lot, with additional rear space. The building is served by public water and sewer and has natural-gas wall heating and ceiling fans for cooling.
Key Highlights
- Three repair bays and three overhead doors
- 1,632 square feet of shop area plus 835 square feet for office, bathroom, and two storage rooms
- 2,487‑square‑foot building on 0.23 acres
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
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
NOI $17,298 @ 7.0% cap · market cap 15.73%
Second Best
Industrial
$142.0K
$124.3K – $165.7K
NOI $9,940 @ 7.0% cap · market cap 9.04%
Theoretical Best
Office A
$375.2K
$328.3K – $437.7K
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
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Current Use
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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 - The layout pairs repair bays with dedicated office, restroom, and storage areas.
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: Three repair bays and three overhead doors; 1,632 square feet of shop area plus 835 square feet for office, bathroom, and two storage rooms; 2,487‑square‑foot building on 0.23 acres
