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 Market1611
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
Listed By:
Bart Broussard · License #LA R0842
(337) 262-7873
Source:
Crexi
Added: May 20, 2022
Changed: Oct 6
Last Checked: Oct 15 at 12:00AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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 / Yr
$9,700
Cap Rate
5.88%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
513
Businesses Nearby
47k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 76%
Shops & Services 24%
Walmart Neighborhood Market
Groceries
35,832 visits/mo
0.5 miles
Dollar Tree
Shops & Services
10,536 visits/mo
0.3 miles
Napa Auto Parts
Shops & Services
760 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
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
