Mechanic Shop with Roll
For Sale
$110,000
823 W Vine Street, Opelousas, LA 70570
COMMERCIAL - Opelousas, LA
Property Size2,487 SF
Lot Size0.23 Acres
Price / SF$44.23
Days on Market890
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
Heating system
Natural Gas, Wall Furnace
Cooling system
Ceiling Fan(s)
Water source
Public
Amenities
3 high roll doors
office
bathroom
storage areas
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: Aug 4
Last Checked: Aug 23 at 1:06PM
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.
Investment Insights
Based on property information with market context.
A previously established mechanic shop is available for sale, designed for full-service auto repair and maintenance. The facility includes approximately 1,632 square feet of shop space with three bays and three high roll doors, plus an additional approximately 835 square feet of area for an office, bathroom, and two storage areas.
The property also offers a front parking lot and additional space in the rear. It is located in a COMM-zoned commercial area and occupies a 0.23-acre site.
With its shop layout, multiple roll-up doors, and dedicated office and storage space, the building can serve as a repair facility and may also support other commercial uses that fit the existing configuration.
The property also offers a front parking lot and additional space in the rear. It is located in a COMM-zoned commercial area and occupies a 0.23-acre site.
With its shop layout, multiple roll-up doors, and dedicated office and storage space, the building can serve as a repair facility and may also support other commercial uses that fit the existing configuration.
Key Highlights
- Mechanic shop building with 1,632 SF shop space featuring 3 bays and 3 high roll doors
- Additional 835 SF includes office, 1 bathroom, and 2 storage areas
- Metal roof and concrete flooring throughout
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
$9,940
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
9.04%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Body Shop Ltd — 331 E Jefferson St, Opelousas, LA 70570
- AL's Tires & More — 817 S Union St, Opelousas, LA 70570
- Leger's Wheel Alignment Services — 801 S Railroad Ave, Opelousas, LA 70570
- Ink and Air Custom Shop — 704 1/2, 704 S Bullard St, Opelousas, LA 70570
- Flimsily Towings Inc — 727 S Walnut St, Opelousas, LA 70570
Frequently Asked Questions
What type of property is this?
Auto shop - Well-established mechanic shop for sale with three bays, three high roll doors, and office/storage area.
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: Mechanic shop building with 1,632 SF shop space featuring 3 bays and 3 high roll doors; Additional 835 SF includes office, 1 bathroom, and 2 storage areas; Metal roof and concrete flooring throughout
