Automotive Repair Shop with Paint
For Sale
$450,000
Pending
8431 U.S 167, Abbeville, LA 70510
COMMERCIAL - Abbeville, LA
Property Size7,500 SF
Lot Size1.37 Acres
Days on Market167
Property Features for 8431 U.S 167
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Parking features
Off Street
Exterior features
Door Sign, Partially Fenced, Stabilized Yard Base
Fencing
Partial
Lot features
Level
Directions
Follow US-167 to Lurby Rd. in Vermilion Parish. Turn left onto Lurby Rd. Property will be on the left.
Subdivision
V1
Standard status
Pending
APN
R3369400
Size
7,500 SF
Lot size
1.37 Acres
Taxes and HOA fees
Tax Description
.33 AC IN NW/4 SEC 1 T 12 R 3 E BD N & E, DONORS, S PUB GRAVEL RD, W HWY 167, .50AC IN NW/4
Legal Description
.33 AC IN NW/4 SEC 1 T 12 R 3 E BD N & E, DONORS, S PUB GRAVEL RD, W HWY 167, .50AC IN NW/4
Utilities
Sewer type
Septic Tank
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
front office
receptionist area
private office
kitchen/break room
restroom
warehouse
roll-up doors
paint mixing area
small shop area
neutral pressure paint booth
small office
fire suppression system
prep station
eyewash station
Building Details
Roof type
Metal
Listing Agency:
Coldwell Banker Trahan Real Estate Group
(337) 993-1414
Listed By:
Tanna Crifasi · License #0995701894
(337) 322-4814
Added: Mar 9
Changed: Aug 4
Last Checked: Aug 22 at 11:06AM
MLS# 2600001848
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.
This 7,500-square-foot automotive repair property occupies 1.37 acres and includes two buildings configured for collision repair and mechanical services. The 1991 building contains a customer reception area, private office, kitchen/break room, restroom, warehouse space, three roll-up doors, a paint mixing area, and a smaller shop or storage area. The 2004 building adds a neutral pressure paint booth, office, prep station, eyewash station, bathroom, and fire suppression systems in both the paint booth and paint mixing room.
Located at 8431 U.S. 167 in Abbeville, the property sits along a corridor connecting Abbeville and Lafayette. Site features include a partially fenced stabilized yard, off-street parking, central heating and air conditioning, public water, septic service, and a metal roof. The sale reflects the real estate, including both buildings and the land; business valuation information is separate.
Located at 8431 U.S. 167 in Abbeville, the property sits along a corridor connecting Abbeville and Lafayette. Site features include a partially fenced stabilized yard, off-street parking, central heating and air conditioning, public water, septic service, and a metal roof. The sale reflects the real estate, including both buildings and the land; business valuation information is separate.
Key Highlights
- 7,500 SF automotive repair facility on 1.37 acres
- Two buildings constructed in 1991 and 2004
- Three roll‑up doors in the warehouse building
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
$35,386
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
7.86%
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%
$707,720
$707.7K
Cap Rate 7%
$505,514
$505.5K
Cap Rate 9%
$393,178
$393.2K
Market Conditions
NOI Build-Up for 7,500 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
$53.1K $7.08/SF
− Vacancy
−$2.5K −$0.34/SF
EGI
$50.6K $6.74/SF
− OpEx
−$15.2K −$2.02/SF
NOI
$35.4K $4.72/SF
Area
Vermilion County, LA
Vacancy
4.80%
Lease Rate
$7.08 /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%
$707,720
Cap Rate 7%
$505,514
Cap Rate 9%
$393,178
Alternative Uses
Best Use
Retail
$1.30M
$1.14M – $1.52M
NOI $90,958 @ 7.0% cap · market cap 20.21%
Second Best
Warehouse
$613.8K
$537.1K – $716.2K
NOI $42,969 @ 7.0% cap · market cap 9.55%
Theoretical Best
Office A
$1.77M
$1.55M – $2.07M
NOI $124,128 @ 7.0% cap · market cap 27.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
19
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 70510, LA
24,074
Population
11,603
Households
2.1
Avg Household Size
40
Median Age
18%
College-Educated
82%
High-School Grad
233.0 sq mi
ZIP Area
103
Density / Sq Mi
$50,881
Median Household Income
$37,079
Median Earnings
$789
Median Rent
$150,400
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Allens Collision Repair Center — 8431 US-167, Abbeville, LA 70510
- Cajun Pro — 9121 us-167, abbeville, la 70510
- Allen's Collision — 8431 us-167, abbeville, la 70510
- Cajun Pro Automotive Repair — 8964 Rue Blanc, Abbeville, LA 70510
Frequently Asked Questions
What type of property is this?
Auto shop - Two-building facility with offices, roll-up doors, prep areas, and dedicated customer reception space.
Where is this auto shop located?
The property is located at 8431 U.S 167 Abbeville, LA.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 7,500 SF automotive repair facility on 1.37 acres; Two buildings constructed in 1991 and 2004; Three roll‑up doors in the warehouse building
